Investment Q&A

Q: Your suggestion for an international equity ETF that excludes the USA please.

Bill

Q: Hi 5i, If you had to hold only one gold position, which would you choose...AEM or PHYS? btw...what is the MER of PHYS and would this be a factor in your decision?
Thanks

Q: Just took about a 30% jump but cant find out any news

I think somebody in Big Pharma has taken an interest

Have you heard anything?
Thanks

Q: Can you please go over Decks earnings

Q: Hello,

I own a little TRP and ENB which have both performed well. Thoughts on starting a position in PPL? Seems to be underperforming. Would you be comfortable buying a full position here? Long term hold.

Thanks.

Q: A lot of talk that the Private Equity market is a bubble about to pop and cause deep challenges. Any thoughts? Jamie Dimon very vocal about stagflation and again, a pop perhaps likely to occur. Any comments and insights would be welcome.

Q: Adding fixed income in individual bonds is made complex by bank-owned brokers, for some reason. I finally thought of adding Bond ETFs. Please give your thoughts on the following high yield bond ETFs : FALN, BINC, JBND and USHY. Any that one should stay away from?
Thank you.

Q: The TSX website puts CCL.B in the consumer discretionary sector. Whereas 5iResearch puts it in the material sector. For my spreadsheet of stocks owned, which sector should I put CCL.B in & why. Thanks … Cal

Q: Hello Team,
Which of these do see providing the greater total return over the next two to three years and why?
Thank You,
Barry

Q: ZOMD's share price has exploded upwards in the past month, aided considerably by blow out Q1 earnings late last week. Its market cap has also doubled to more than $100M so perhaps it's time for an analyst or two to sit up and take notice. Appreciate your views as always.

Q: Here is a part of the Globe and Mail article

"On Thursday, the U.S. House of Representatives passed the Republican legislation, titled the One, Big, Beautiful Bill, with a narrow vote of 215-214. If it becomes law, it will override the Canadian-U.S. tax treaty that has been in place since 1942.
The 1,100-page document includes section 899, a tax proposal created as a retaliatory measure against what the U.S calls “discriminatory or unfair taxes” of foreign countries, including Canada’s digital services tax (DST), which was introduced in 2024.

The U.S legislation is still required to be passed by the Senate and receive presidential approval before it can become law. The White House expects the President to sign the final bill by July 4.
Canadian corporations that receive dividends from U.S. subsidiaries are currently subject to a 5-per-cent withholding rate under the tax treaty between the U.S. and Canada, much lower than the statutory rate of 30 per cent.
But under section 899, Canadian companies would see their tax rate increase by five percentage points each year until it reaches 20 percentage points above the statutory rate, or 50 per cent. It would remain in place until the “unfair tax” is removed.
Similarly, Canadian individuals who own U.S. securities directly are subject to a 15-per-cent withholding tax rate under the current treaty, reduced from the statutory rate of 30 per cent. Under section 899, the withholding rate could ultimately rise to 50 per cent."

July 04 is not far from today. If US government impose such taxes and the Mark Carney Government failed to address it, it will impact my portfolio which is heavily dominated by shares of US corporations. Such bill may also tank US market as Candian have the largest share of foreign investment in USA. What would advise in such situation, wait to see whether Senate approved it and then President signs it or take action and encash a part of the portfolio?

Q: There is an article in today's G&M "trump's new bill threatens major tax increases for Canadian companies". Could you comment generally on how this may play out in various ways and sectors. And specifically to PRL, SLF, BAM, CSU, CLS and ENB.
Thank You and please deduct accordingly.
Tim

Q: Your opinion as to the future prospects for BTQ Technologies Corp

Q: Is TD as sell at this moment???.....Tom

Q: Just read this in Globe and Mail - Canadian individuals who own U.S. securities directly are subject to a 15 per cent withholding tax rate under the current treaty. Under the new bill the withholding rate could ultimately rise to 50 per cent.
If you were me, what would you do???......tom

Q: Hi
How is Section 899 of the proposed U.S. 2025 tax reform expected to impact Lumine Group (LMN) in the short and medium term, particularly in terms of tax liabilities and profitability, given that it is a Canadian company operating in the U.S.? Do these potential impacts make LMN less attractive as an investment at this time?

Q: What do you make of the news that QIPT has an offer to be taken private by Forager for $3.10 USD. What are your thoughts on its trading at $1.80USD..... the market clearly does not think this is going to happen or that a competing offer is likely. What is Qipt worth and does it make sense to hang on to see how this plays out?

A long suffering stock holder

Q: Long-term rates in the US are reaching above-average highs. Am I wrong to think that these rates are unsustainable in the long run and therefore they have to eventually come down? If this thesis is correct, doesn't that make TLT an excellent buy now? You are paid to wait and know that you will get your money back someday.

Appreciate your insight.

Paul F.

Q: hi,
does 5i have any thoughts on why one would sell all NVDA holdings on May 22 (or 23), 2025? could there be too much risk re earnings coming out soon, and possible poor forward guidance vis a vis tariffs? any other issues?
cheers, Chris

Q: Hi 5i, thanks for the Market Update report today. It would be great to redo this employment analysis breaking out public (government) vs private (taxpayers) jobs. Thx.