Investment Q&A

• Bank of Nova Scotia (The) (BNS $103.21)
  • $103.21 P/E (TTM): 25.74X Cap: $128.22B
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• Manulife Financial Corporation (MFC $49.74)
  • $49.74 P/E (TTM): 16.16X Cap: $82.05B
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• Power Corporation of Canada Subordinate Voting Shares (POW $64.61)
  • $64.61 P/E (TTM): 13.38X Cap: $40.72B
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• goeasy Ltd. (GSY $119.10)
  • $119.10 P/E (TTM): 8.83X Cap: $1.95B
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• Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK $9.57)
  • $9.57 P/E (TTM): 13.41X Cap: $874M
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• Toronto Dominion Bank (The) (TD $94.84)
  • $94.84 P/E (TTM): 11.29X Cap: $163.26B
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.21)
  • $16.21 P/E (TTM): 14.15X Cap: $2.03B
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Q: I'm thinking to rotate some profits in BNS, MFC, POW & TD into GSY for a long term value/income and BANK or HMAX to add some extra income.

What do you think of the move and how would you rank BNS, MFC, POW & TD, are all worth keeping a position in?

Of BANK/ HMAX which would you prefer or is there a better name for a banking & insurance extra yield ETF.

Upvote 5

Read Answer Asked by Robert on January 12, 2026

• BCE Inc. (BCE $35.14)
  • $35.14 P/E (TTM): 5.23X Cap: $32.74B
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• TELUS Corporation (T $18.21)
  • $18.21 P/E (TTM): 25.1X Cap: $29.35B
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Q: I own both.
I would appreciate if you could compare telus to BCE at the same point before BCE cut it's dividend with regards to similarities / differences , position, cash flow, ability to pay dividend. I am worried that Telus will do the same and cut it's dividend in 2026. Is Telus at the same teetering point or better off ?

Upvote 4

Read Answer Asked by Ernest on January 12, 2026

• BMO S&P 500 Index ETF (ZSP $102.16)
  • $102.16 P/E (TTM): 25.89X Cap: $21.07B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $52.52)
  • $52.52 P/E (TTM): 14.32X Cap: $25.21B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.35)
  • $65.35 P/E (TTM): 13.44X Cap: $6.22B
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• Vanguard U.S. Dividend Appreciation Index ETF (VGG $105.44)
  • $105.44 Cap: $2.31B
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• Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY $45.24)
  • $45.24 P/E (TTM): 9.92X Cap: $1.54B
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Q: I am a retired investor of 60 living comfortably off my pension. I have done very well with your advice over the years, but want to be a more passive investor.. I have read many of your answers regarding etf's. I am thinking of moving my investments towards etfs in the future. For US ZSP and VGG 40% XIC/VDY Canada 40% and International 20% VIDY. Thoughts on my choices and percentages. Any other suggestions? Thank you for your great service over the years. Also any thoughts or preference between BMO vs Vanguard. Thanks Stephen Deduct a few extra credits if needed.

Upvote 13

Read Answer Asked by Stephen on January 12, 2026

• Pembina Pipeline Corporation (PPL $59.96)
  • $59.96 P/E (TTM): 20.79X Cap: $34.48B
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• ARC Resources Ltd. (ARX $24.04)
  • $24.04 P/E (TTM): 5.99X Cap: $13.72B
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• Tourmaline Oil Corp. (TOU $61.59)
  • $61.59 P/E (TTM): 17.65X Cap: $23.94B
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• Freehold Royalties Ltd. (FRU $16.83)
  • $16.83 P/E (TTM): 20.79X Cap: $2.72B
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• Obsidian Energy Ltd. (OBE $10.17)
  • $10.17 Cap: $679M
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• PagerDuty Inc. (PD $7.07)
  • $7.07 P/E (TTM): 4.44X Cap: $622M
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• Headwater Exploration Inc. (HWX $11.46)
  • $11.46 P/E (TTM): 16.22X Cap: $2.71B
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Q: Would it be prudent to reduce energy exposure at this time? My wives RRIF account holds ARX, TOU, & FRU they represent 21.8% of the portfolio. My RRIF account holds ARX, TOU, HWX, PPL, OBE, & PD they represent 33.3 % of the portfolio, PPL alone is 15% of the total portfolio. I know I should reduce this exposure what would you suggest?

Upvote 4

Read Answer Asked by lance on January 12, 2026

• Constellation Software Inc. (CSU $2,330.00)
  • $2,330.00 P/E (TTM): 53.17X Cap: $48.75B
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Q: Greetings
I currently own 8 shares of Constellation Software with a total cost of $3,877 in my RRIF. I am considering contributing $7,000 to my TFSA for the current year versus leaving the funds as a cash deposit, and I would appreciate your opinion on this decision.

In addition, I hold more than $40,000 in cash and would welcome your perspective on whether it would be prudent to invest a portion of these funds or to continue holding them in a money market account while awaiting further market volatility or unforeseen events.

Rick

Upvote 10

Read Answer Asked by Rick on January 12, 2026

• Topicus.com Inc. (TOI $86.18)
  • $86.18 P/E (TTM): 754.5X Cap: $7.20B
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Q: I am a long time holder of CSU and received a small amount of Topicus shares when they were spun off a few years ago. I am planning to seek the shares as they make up a very small part of my portfolio.
How is the cost base calculated for these shares? Is it based on my CSU cost base? My brokerage account shows a cost of zero which doesn’t seem right.
Thanks

Upvote 5

Read Answer Asked by David on January 12, 2026

• Suncor Energy Inc. (SU $75.37)
  • $75.37 P/E (TTM): 17.73X Cap: $89.12B
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• Canadian Natural Resources Limited (CNQ $54.51)
  • $54.51 P/E (TTM): 17.4X Cap: $113.38B
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Q: Good morning,

Regarding WTI and expectations for continued price pressures for H1 2026 for reasons we all know well, I want to get your thoughts on China demand for Venezuelan oil. China has been the largest buyer of Venezuelan oil, and following the events of last weekend with Maduro and comments yesterday from Trump regarding the US “taking” ~$2bn in sweet crude from Venezuela, do you think China leans on Iran and Russia for their crude requirements near term? Or do you think there is potential for Canada to play more of a role?

I am at a bit of an inflection point on names like CNQ/Suncor at the moment, and would appreciate your views.

Thanks as always.

Upvote 4

Read Answer Asked by Trevor on January 12, 2026

Q: Everyone, the first week of trading is now complete, what have you gleaned from the week? Clayton

Upvote 9

Read Answer Asked by Clayton on January 12, 2026

Q: Peter; Do you think the political risk (Trump) is already in Aris and other SA miners? Thanks.
Rod

Upvote 2

Read Answer Asked by Rodney on January 12, 2026

• Alumis Inc. (ALMS $27.52)
  • $27.52 Cap: $2.79B
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Q: it has had a significant move upward recently. what do you see it doing in the future?

Sy

Upvote 1

Read Answer Asked by Sy on January 12, 2026

• Tamarack Valley Energy Ltd. (TVE $9.37)
  • $9.37 Cap: $469M
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Q: What is the investment thesis behind TVE and why should investors be considering this stock in their energy portfolio?

It seems 5i is quite positive on the stock w/ a good holding in their Growth portfolio as well as making some of their top picks for energy names.

Curious to learn more about why this company makes a good investment ?

Upvote 8

Read Answer Asked by Michael on January 12, 2026

• Amazon.com Inc. (AMZN $198.27)
  • $198.27 P/E (TTM): 28.46X Cap: $2.14T
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• Microsoft Corporation (MSFT $400.57)
  • $400.57 P/E (TTM): 25.29X Cap: $2.98T
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• Constellation Software Inc. (CSU $2,330.00)
  • $2,330.00 P/E (TTM): 53.17X Cap: $48.75B
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Q: Hi Folks,
I am looking at adding to either CSU, MSFT or AMZN in my RRSP. May I have your opinion as too which one you would recommend today, all things being equal.
Thanks,

Upvote 7

Read Answer Asked by JOHN on January 12, 2026

• Ciena Corporation (CIEN $292.17)
  • $292.17 P/E (TTM): 349.71X Cap: $41.26B
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Q: Do you consider Cien to be a buy, sell or hold for the long term?

Upvote 2

Read Answer Asked by Steven on January 12, 2026

• TELUS Corporation (T $18.21)
  • $18.21 P/E (TTM): 25.1X Cap: $29.35B
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Q: Hi, for CRA and my own accounting, when is a dividend taxable? When ex-dividend or when dividend received?

For example, TELUS was ex-dividend Dec11, 2025 but payout date is Jan2, 2026. Have a great 2026 and take care.

Upvote 4

Read Answer Asked by Denise on January 09, 2026

• 5N Plus Inc. (VNP $26.80)
  • $26.80 P/E (TTM): 40.7X Cap: $2.33B
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• Aritzia Inc. Subordinate Voting Shares (ATZ $117.82)
  • $117.82 Cap: $13.23B
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• MDA Space Ltd. (MDA $34.74)
  • $34.74 P/E (TTM): 41.2X Cap: $4.24B
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Q: Hello,
Out of the three stocks, which ones would rank the highest in terms of strong buys at this point? Thanks very much

Upvote 7

Read Answer Asked by umedali on January 09, 2026

• Kraken Robotics Inc. (PNG $7.46)
  • $7.46 P/E (TTM): 132.67X Cap: $2.21B
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• HIVE Digital Technologies Ltd. (HIVE $3.03)
  • $3.03 P/E (TTM): 18.27X Cap: $727M
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• Zedcor Inc. (ZDC $5.87)
  • $5.87 P/E (TTM): 444.29X Cap: $624M
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• Vitalhub Corp. (VHI $7.97)
  • $7.97 P/E (TTM): 152.35X Cap: $494M
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• CECO Environmental Corp. (CECO $77.20)
  • $77.20 P/E (TTM): 53.65X Cap: $2.67B
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• EnerSys (ENS $179.72)
  • $179.72 P/E (TTM): 21.92X Cap: $6.67B
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• Galaxy Digital Inc. Class A common stock (GLXY $29.14)
  • $29.14 Cap: $10.70B
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• Zoomd Technologies Ltd. (ZOMD $0.96)
  • $0.96 P/E (TTM): 4.23X Cap: $99M
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• VPN Technologies (VPN)
  • Cap: $5M
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• Tantalus Systems Holding Inc. (GRID $5.27)
  • $5.27 Cap: $284M
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• Sportradar Group AG (SRAD $15.89)
  • $15.89 Cap: $5.10B
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• Telesat Corporation Common and Variable Voting Shares (TSAT $36.62)
  • $36.62 Cap: $1.29B
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• Nebius Group N.V. (NBIS $100.09)
  • $100.09 Cap: $21.36B
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Q: Hello Team,

Can you please rank the below companies based on long term growth over the next 3 years.
No need to worry about size/industry etc. Looking at deploying some cash.
Thanks.

Upvote 32

Read Answer Asked by Kevin on January 09, 2026

• Brookfield Corporation Class A Limited Voting Shares (BN $65.35)
  • $65.35 P/E (TTM): 91.0X Cap: $145.52B
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Q: Hi guys,

In a balanced portfolio, when would you trim Brookfield (Bn) above 8%, 7%???

Thanks

Jim

Upvote 10

Read Answer Asked by jim on January 09, 2026

• Caldwell Partners International Inc. (The) (CWL $0.96)
  • $0.96 P/E (TTM): 10.78X Cap: $28M
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Q: After a strong fiscal 2025, the momentum seems to be continuing into fiscal 2026. What is your opinion of fiscal 2026 Q1 results and despite the recent gains in stock price is it still a buy?

Upvote 2

Read Answer Asked by Charles on January 09, 2026

• Endeavour Mining plc Ordinary Shares (EDV $84.32)
  • $84.32 P/E (TTM): 36.66X Cap: $19.25B
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Q: Reason for the move down today? Add more?

Upvote 1

Read Answer Asked by Dale on January 09, 2026

• Touchstone Exploration Inc. (TXP $0.16)
  • $0.16 Cap: $55M
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Q: TXP has been doing well lately. Probably related to some drill results. What is it about the drill results that has resulted in the increase price?. Is there any other reason for the increase in price?

Upvote 2

Read Answer Asked by Irwin on January 09, 2026