Investment Q&A

Q: RE: Bank of Canada announcement about the secondary market purchases of Government of Canada securities.

What's your opinion about this?

"The effective start date is 1 April 2020. Program details are as follows:

Purchases will begin with a minimum of $5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway.
Operations will be conducted daily.
The operations will be cash purchases conducted via reverse auctions.
Following the launch of this program, the Bank will discontinue the Government’s repurchase operations (both cash and switch buybacks) and cash management bond buyback operations done as fiscal agent. The Bank`s secondary market purchases will provide significant support to the liquidity and efficiency of the government bond market, reducing the need for these fiscal agent operations."

Q: Hello
Can you suggest an American ETF like VCSH but with a shorter duration for corporate bonds which is also less volatile?
As well, do you know of any American ETFs like SHY but with shorter duration for US Treasuries? SHY includes Treasuries of up to 3 years.
Thanks

Q: hi, dear team
i just got some money for longterm investment. how about this list ?
can you tell me at which price i can buy?appreciate!
best regard
Jacky

Q: Good Evening
On the CDIC website it is stated that an individual is covered for up to $100,000 on the cash account of a CDIC member as well for an additional $100,000 for a TFSA and another $100,000 in a RRSP/RRIF acct. for cash held.

Are the TFSA and RRIF accounts covered if they are registered with a discount broker associated with one of the major Canadian banks?
Thanks

Q: I had trouble explaining tax loss selling to my sister. If I sell a company for a tax loss and buy it back in 30 days and it goes up I have a capital gain that I will have to report sometime that I would have to use the capital loss to cover offset. Tax-wise wouldn't that be the same as not doing anything? That would also be the scenario if I bought a parallel company that went up in a similar manner to the one I sold.
I always hope to have a capital gain on something so the capital loss may come in handy but in this market I probably won't be using the capital loss anytime soon so the tax savings is a bit theoretical. As near as I can see the only way to come out ahead is if I sell a company that is down and buy a similar company that is also down but likely to recover more or faster than the one I sold. In other words, sell a lousy company and buy a quality company. But then should I be doing this all the time anyways. I'm not too sure that I can reduce my taxes in the long run. So I am just standing by in a holding mode hoping for better times because I liked the companies that I had before all this craziness although I don't like the losses. Only if I have or recently had a capital gain is the tax loss selling worthwhile Does that sound about right or am I missing something.

Q: Hi,

Is there an oil stock listed either in Canada or the US or both that does not have any debt on the books? If so, is it possible to name a few.

Thanks

Q: How do I access this video? Searched YouTube. Video is 'Private' and inaccessible.

Thanks

Q: Hi,
I am looking at Slate Retail for my income portfolio. I had gotten sold off a lot and has a 15%+ (depending on the hour) dividend yield. As far as I look at it, they lease to mainly staple grocery stores and drug stores - Kroger for example. Can you address the risk of its tenant base and how risky it truly is? I also think they have a lot of debt as REITs do but it looks like they restructured and carry a big revolver they use. Not sure if you can unpack what's going on there and if it's a huge worry. Thank you

Q: Last year I took a sizeable position in VEE as one of the main parts of my foreign diversification. It has, like so much else, dropped a lot. I am wondering if the prospects for recovery in the emerging markets are not as favourable as the potential in the US or Canada, where economic resources (or the ability to backstop printed money) are stronger. As such, I am inclined to sell this position (and as you point out, harvest a tax loss) and migrate to some North America holding(s). Your comments, pls. Thanks for your excellent service.

Q: Why is A&W income fund 60,000,000 in debt and what were the funds used for?

Q: Hi there, Boyd is under pressure today - I presume based on the COVID update out today. Do you see this as a good entry for a 1/3 position or would you wait a little bit to see how the virus effects its business?

Thank you!

Q: your opinion on this one please and thanks

Q: Hello
I’m looking to take a position on PBL. I owned this stock previously and done well. Is this a good entry point.
Thank You
Al - Mississauga

Q: Hi there, I had 100 Detour gold which was taken over by KL at 0.4343 KL for every Detour. I received 43 Detour and now received $39.94 cash in lieu. I suspect this is payment for the fractional amount of KL shares I did not receive. How do I treat this $39.94 please? Is it a capital gain, dividend? Does it affect the ACB of either? Thank you.

Q: What is the probability that this company would go bankrupt. Could you comment on its financial health.
Thank you

Q: In a relatively prolonged and deep recession,for each grouping of companies,please list in order from least likely to most likely to go bankrupt.
Group One:KEL,NVA,BIR
Group Two:STC,QST,WELL,XBC,GRN
Thanks.

Q: What is your opinion of GM as an investment today.
Yield is very tempting assuming it is not cut.

Q: I have hard time to understand as to why the bid price of a BROOKFIELD ASSET MANAGEMENT bond maturing on 03/08/24 (Cusip 11257ZAD yield 5.04) is only 89.424 today?
Other corporate bonds in my portfolio have not dropped as much. For instance, a Telus bond maturing in 2023 has a bid price of 99.802.

I thought BAM bonds were of high quality since they are rated A -

Are there any issues with respect to the financial strength of BAM bonds?

Would you recommend holding or selling this BAM bond??
Thanks

Q: svi appears to have a defensive business will they continue to pay down their debt. what are the positives and negatives?

Q: I have a large capital gain on Boyd for the 2020 tax year which I am considering offsetting by taking Capital losses which I have on the above mentioned stocks, including BYD. What is the best way to do this? Sell and wait 30 days to re-buy? Sell now and buy proxies (what would they be?)? I’m also considering using stop losses to take advantage of any increase in stock prices I might otherwise miss. Would appreciate you comments and advice. Michael