Investment Q&A

Q: To what extent do you believe in the 'commodity supercycle' theory?

Do you expect gold to maintain its current levels, or perhaps surge further, due to the over-expansion of the money supply ?

Upvote 6

Read Answer Asked by Martin on January 23, 2026

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.77)
  • $13.77 P/E (TTM): 6.96X Cap: $1.05B
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• BMO Covered Call Canadian Banks ETF (ZWB $25.99)
  • $25.99 P/E (TTM): 11.7X
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• BMO Covered Call Utilities ETF (ZWU $11.52)
  • $11.52 P/E (TTM): 18.74X Cap: $2.05B
  • View ZWU Profile
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• iShares Convertible Bond Index ETF (CVD $18.40)
  • $18.40 P/E (TTM): 36.5X Cap: $115M
  • View CVD Profile
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• BMO Canadian High Dividend Covered Call ETF (ZWC $21.31)
  • $21.31 P/E (TTM): 12.59X Cap: $2.04B
  • View ZWC Profile
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• Mackenzie Floating Rate Income ETF (MFT $15.68)
  • $15.68 P/E (TTM): 90.29X Cap: $349M
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• Harvest Tech Achievers Growth & Income ETF (HTA $18.58)
  • $18.58 P/E (TTM): 32.54X Cap: $687M
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• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $11.30)
  • $11.30 P/E (TTM): 6.67X Cap: $727M
  • View ENCC Profile
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Q: Hello 5i team,
In several recent reports you recommended selling the full position in CPD, noting “better opportunities.” I also noticed that CVD and MFT were removed from your model portfolios earlier.
Given this shift away from preferred-share ETFs, do you think a combination of ZWU, ENCC, ZWB, and HTA would serve as a reasonably balanced substitute for a moderate‑risk, slightly income‑oriented allocation? Or would you suggest broader diversification?
Thank you for your insights!

Upvote 6

Read Answer Asked by Borys on January 22, 2026

• iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.77)
  • $13.77 P/E (TTM): 6.96X Cap: $1.05B
  • View CPD Profile
  • View Questions on CPD
• BMO Covered Call Canadian Banks ETF (ZWB $25.99)
  • $25.99 P/E (TTM): 11.7X
  • View ZWB Profile
  • View Questions on ZWB
• BMO Covered Call Utilities ETF (ZWU $11.52)
  • $11.52 P/E (TTM): 18.74X Cap: $2.05B
  • View ZWU Profile
  • View Questions on ZWU
• iShares Convertible Bond Index ETF (CVD $18.40)
  • $18.40 P/E (TTM): 36.5X Cap: $115M
  • View CVD Profile
  • View Questions on CVD
• BMO Canadian High Dividend Covered Call ETF (ZWC $21.31)
  • $21.31 P/E (TTM): 12.59X Cap: $2.04B
  • View ZWC Profile
  • View Questions on ZWC

Q: In one of recent reports you suggested to sell full position of CPD mentioning "better opportunities". I noticed that CVD also disappeared from your Income Portfolio as well (it is more explicable for me). Can you suggest potential alternatives for substitution of CPD / CVD considering relatively high dividends they pay and relatively low volatility? (may you consider ZMO or ZPAY... or something like that - kind of speculations :)). Thank you for great service!

Upvote 3

Read Answer Asked by Borys on January 22, 2026

• MDA Space Ltd. (MDA $35.95)
  • $35.95 P/E (TTM): 40.59X Cap: $4.54B
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Q: Hi - do you think MDA is coming out of the "penalty box"...and why or why not?

Upvote 5

Read Answer Asked by Doug on January 22, 2026

• Brazil Potash Corp. (GRO $2.79)
  • $2.79 Cap: $132M
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Q: Greetings:

Would you please comment on this fertilizer company. It is down badly while Nutrien is on a roll.What are the politics surrounding it.? I see that they have Mayo Schmidt involved, if that will be any help.

Thanks,
Ben.

Upvote 3

Read Answer Asked by BEN on January 22, 2026

• WSP Global Inc. (WSP $266.83)
  • $266.83 P/E (TTM): 39.76X Cap: $34.85B
  • View WSP Profile
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• Stantec Inc. (STN $139.00)
  • $139.00 P/E (TTM): 32.61X Cap: $15.81B
  • View STN Profile
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• Bird Construction Inc. (BDT $31.79)
  • $31.79 P/E (TTM): 18.48X Cap: $1.76B
  • View BDT Profile
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• AtkinsRéalis Group Inc. (ATRL $105.85)
  • $105.85 P/E (TTM): 7.15X Cap: $17.54B
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Q: Would you consider BDT a reasonable compliment to WSP/STN/ATRL? Of the latter 3, which would be your 2 favourites? Thanks for your response.

Upvote 5

Read Answer Asked by Michael on January 22, 2026

Q: Would you buy into Gold momentum or are we too late. If the answer is that we are not too late, what stocks or ETF would you recommend? Would you recommend KILO?
Thanks for your advice.
Kathy

Upvote 5

Read Answer Asked by Kathy on January 22, 2026

• Mattr Corp. (MATR $9.35)
  • $9.35 P/E (TTM): 16.14X Cap: $571M
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Q: There has been significant insider buying in MATR stock over multiple days now. How significant do you think this is based on the buying?

Upvote 1

Read Answer Asked by Joe on January 22, 2026

• Bank of Nova Scotia (The) (BNS $105.29)
  • $105.29 P/E (TTM): 25.63X Cap: $130.72B
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• BMO S&P 500 Index ETF (ZSP $103.42)
  • $103.42 P/E (TTM): 25.89X Cap: $21.64B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $52.73)
  • $52.73 P/E (TTM): 14.32X Cap: $23.87B
  • View XIC Profile
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• iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $62.16)
  • $62.16 P/E (TTM): 30.32X Cap: $4.18B
  • View XQQ Profile
  • View Questions on XQQ
• iShares S&P/TSX Capped Information Technology Index ETF (XIT $65.43)
  • $65.43 P/E (TTM): 57.34X Cap: $667M
  • View XIT Profile
  • View Questions on XIT
• iShares Core Growth ETF Portfolio (XGRO $35.96)
  • $35.96 P/E (TTM): 11.85X Cap: $4.28B
  • View XGRO Profile
  • View Questions on XGRO
• iShares Core Equity ETF Portfolio (XEQT $41.40)
  • $41.40 P/E (TTM): 13.67X Cap: $14.09B
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• Brookfield Corporation Class A Limited Voting Shares (BN $63.58)
  • $63.58 P/E (TTM): 88.7X Cap: $142.75B
  • View BN Profile
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Q: I was planning on adding some or all of these to an RRSP and /or an RESP.
Any issues or better ideas. I am thinking ETF's and one or two blue chip.Thanks,Paul

Upvote 5

Read Answer Asked by Paul on January 22, 2026

• AeroVironment Inc. (AVAV $274.35)
  • $274.35 Cap: $13.69B
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Q: Hi, Any reason for the drop in AVAV over the last few days? Jim Cramer Considers AeroVironment “Incredibly Expensive at These Levels”. What do you think?
Thanks.

Upvote 1

Read Answer Asked by Bruce on January 22, 2026

• Toronto Dominion Bank (The) (TD $98.21)
  • $98.21 P/E (TTM): 11.28X Cap: $166.42B
  • View TD Profile
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• Regal Beloit Corporation (RBC)
  • P/E (TTM): 23.6X Cap: $24.47B
  • View RBC Profile
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• Bank Of Montreal (BMO $144.73)
  • $144.73 P/E (TTM): 15.94X Cap: $101.86B
  • View BMO Profile
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• Bank of Nova Scotia (The) (BNS $77.63)
  • $77.63 P/E (TTM): 25.63X Cap: $95.69B
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Q: Thanks to the markets I have large gains in the above banks in registered and non registered accounts. Thinking of trimming back and diversifying in to ETFs for retirement. Any suggestions for Canadian ETFs, also thoughts on XAW. Please deduct credits as needed. Thanks Steve

Upvote 6

Read Answer Asked by STEVE on January 22, 2026

Q: Could you tell me about this Bio tech company - New Amsterdam Pharma NAMS? Looks like they have an interesting drug coming out. How high risk would this be?

Upvote 1

Read Answer Asked by Pat on January 22, 2026

• Constellation Software Inc. (CSU $2,470.03)
  • $2,470.03 P/E (TTM): 55.68X Cap: $51.58B
  • View CSU Profile
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  • View Reports on CSU
• Topicus.com Inc. (TOI $92.13)
  • $92.13 P/E (TTM): 801.92X Cap: $7.72B
  • View TOI Profile
  • View Questions on TOI
  • View Reports on TOI
• Lumine Group Inc. (LMN $20.00)
  • $20.00 P/E (TTM): 75.65X Cap: $5.13B
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  • View Reports on LMN

Q: Hi 5i Team - At today's prices what are some key metrics and ratios for each of these three companies starting with P/E and free cash flow. Also how do they compare with the same metrics and ratios a year ago or whenever the AI theme started to become a concern. Are all three companies profitable.
Thanks.

Upvote 10

Read Answer Asked by Rob on January 22, 2026

• SILVER CROWN ROYALTIES INC. (SCRI)
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Q: What is your take on this company

Upvote 2

Read Answer Asked by lynn on January 22, 2026

• GameStop Corporation (GME $24.64)
  • $24.64 P/E (TTM): 28.07X Cap: $11.03B
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• ImmunityBio Inc. (IBRX $6.93)
  • $6.93 Cap: $5.79B
  • View IBRX Profile
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Q: Could this finally the right time for IBRX to rebound? Why the sudden surge? Its been going sideways for a long time so after a huge 2 day run up is there much more upside? Thanks.

Upvote 1

Read Answer Asked by Neeraj on January 22, 2026

• iShares 1-10 Year Laddered Government Bond Index ETF (CLG $17.49)
  • $17.49 Cap: $858M
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• iShares Core Canadian Short Term Bond Index ETF (XSB $27.05)
  • $27.05 Cap: $3.68B
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.31)
  • $28.31 Cap: $9.46B
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Q: Last week I sent you a question about etfs and my portfolio. You answered my question and suggested I put some money in fixed income because I am 60 and retired. GICs currently appear to yield about 2.5%. Bonds seem to vary greatly. Can you suggest a fund where I would get a steady return.
Thanks Steve

Upvote 2

Read Answer Asked by Stephen on January 22, 2026

• Amaroq Ltd. (AMRQ $2.28)
  • $2.28 Cap: $1.02B
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• Critical Metals Corp. (CRML $11.97)
  • $11.97 Cap: $1.53B
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• Greenland Resources Inc. (MOLY)
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Q: Your views on this molybdenum mining company ? A good buy now ? Other potential good buys in Groenland ?

Gratefully,

Jacques IDS

Upvote 1

Read Answer Asked by Jacques on January 22, 2026

• Total Energy Services Inc. (TOT $17.28)
  • $17.28 P/E (TTM): 10.72X Cap: $629M
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Q: Total just increased the dividend 20%! it is at a New high ! Is it a good buy thanks

Upvote 4

Read Answer Asked by arie on January 22, 2026

• iShares 1-10 Year Laddered Government Bond Index ETF (CLG $17.49)
  • $17.49 Cap: $858M
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• iShares Core Canadian Universe Bond Index ETF (XBB $28.31)
  • $28.31 Cap: $9.46B
  • View XBB Profile
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Q: what or your opinion is a good bond fund?

Upvote 2

Read Answer Asked by elgin on January 22, 2026

• Broadcom Inc. (AVGO $343.94)
  • $343.94 P/E (TTM): 70.09X Cap: $1.63T
  • View AVGO Profile
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• Meta Platforms Inc. (META $677.37)
  • $677.37 P/E (TTM): 29.29X Cap: $1.71T
  • View META Profile
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• Taiwan Semiconductor Manufacturing Company Ltd. (TSM $355.41)
  • $355.41 P/E (TTM): 49.39X Cap: $1.84T
  • View TSM Profile
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Q: I’m considering selling Meta to purchase either AVGO or TSM in the tech sector of my portfolio. This is within my RRIF account.
Thoughts for a three year hold??

Upvote 4

Read Answer Asked by Dennis on January 22, 2026