Investment Q&A

• Bank of Nova Scotia (The) (BNS $84.98)
  • $84.98 P/E (TTM): 16.71X Cap: $99.05B
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• Hamilton Enhanced Canadian Bank ETF (HCAL $29.74)
  • $29.74 P/E (TTM): 12.49X Cap: $629M
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Q: I have held BNS in my cash account for several years and the stock has been essentially flat. I am looking to replace it with HCAL. There would be minimal capital gains tax and they have essentially the same yield. HCAL has 1.25 leverage to the big Cdn banks. Thinking of the tendency of individual banks reverting to the mean , am I selling BNS at the wrong time as it does seem to be participating in the industry’s strength of late. What do you think of this move ?
Thanks. Derek.

Upvote 4

Read Answer Asked by Derek on August 25, 2025

• Invesco Aerospace & Defense ETF (PPA $149.20)
  • $149.20 P/E (TTM): 92.17X Cap: $6.14B
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• iShares U.S. Aerospace & Defense ETF (ITA $199.98)
  • $199.98 P/E (TTM): 102.62X Cap: $9.05B
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• SPDR S&P Aerospace & Defense ETF (XAR $220.36)
  • $220.36 P/E (TTM): 92.97X Cap: $3.95B
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• iShares Global Industrials ETF (EXI $169.88)
  • $169.88 P/E (TTM): 54.43X Cap: $1B
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• First Trust RBA American Industrial Renaissance ET (AIRR $92.51)
  • $92.51 P/E (TTM): 34.05X Cap: $5.02B
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• Global X Defense Tech ETF (SHLD $62.68)
  • $62.68 P/E (TTM): 78.8X Cap: $3.44B
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• Select STOXX Europe Aerospace & Defense ETF (EUAD $42.20)
  • $42.20 P/E (TTM): 158.99X Cap: $1.07B
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Q: I'm looking for an industrial US or global ETF in USD. I searched and discovered the aforementioned ETFs, which include defense ETFs. Which one or two ETFs would you recommend for diversification, and why? What proportion of my portfolio should consist of defense/industrial ETFs?

Upvote 5

Read Answer Asked by Dev on August 25, 2025

• Corby Spirit and Wine Limited Unlimited Voting Common Shares (CSW.A $14.82)
  • $14.82 P/E (TTM): 22.12X Cap: $411M
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Q: Can provide relevant metrics for the most recent 4th Q reported? Do you think it is becoming more of a growth company with its RTD portfolio? Is it a buy ? Thank you.
John

Upvote 3

Read Answer Asked by John on August 25, 2025

• CGI Inc. Class A Subordinate Voting Shares (GIB.A $131.63)
  • $131.63 P/E (TTM): 17.71X Cap: $29.78B
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• Lumine Group Inc. (LMN $47.69)
  • $47.69 P/E (TTM): 186.23X Cap: $12.16B
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Q: If I buy the dip in gib.a, will I get more growth vs buying LMN for a 3-5 year hold? Thank you

Upvote 8

Read Answer Asked by Richard on August 25, 2025

• Berkshire Hathaway Inc. (BRK.B $492.21)
  • $492.21 P/E (TTM): 16.76X Cap: $1.04T
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Q: with Berkshire being down 10% is it a good entry point when you look at the trend of the market?

Upvote 6

Read Answer Asked by Wade on August 25, 2025

• Tamarack Valley Energy Ltd. (TVE $5.39)
  • $5.39 P/E (TTM): 11.68X Cap: $2.76B
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Q: Hi 5i
Whats driving the price of TVE these days? Possibility of buyout? or russia - Ukraine uncertainty?
Would these be same forces driving pipeline prices?
Do you see continue upside? Would you continue to hold or would you be a buyer?

thx

Upvote 5

Read Answer Asked by jim on August 25, 2025

• Constellation Software Inc. (CSU $4,393.00)
  • $4,393.00 P/E (TTM): 112.85X Cap: $94.74B
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• Descartes Systems Group Inc. (The) (DSG $135.53)
  • $135.53 P/E (TTM): 61.32X Cap: $11.80B
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• Kinaxis Inc. (KXS $190.03)
  • $190.03 P/E (TTM): 164.27X Cap: $5.43B
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• Thomson Reuters Corporation (TRI $242.16)
  • $242.16 P/E (TTM): 49.64X Cap: $110.39B
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• Shopify Inc. Class A Subordinate Voting Shares (SHOP $194.86)
  • $194.86 P/E (TTM): 80.15X Cap: $253.20B
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• Topicus.com Inc. (TOI $175.90)
  • $175.90 P/E (TTM): 84.24X Cap: $14.73B
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• Nvidia CDR (CAD Hedged) (NVDA $41.68)
  • $41.68 P/E (TTM): 59.52X Cap: $6.14T
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• Alphabet CDR (CAD Hedged) (GOOG $33.93)
  • $33.93 P/E (TTM): 24.95X Cap: $3.48T
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Q: My tech component of my portfolio is 43% and want to rebalance my portfolio so tech is about 33%. In tech CSU is 33% NVDA 20% Shop 15% Rest are about 6% to 8%. Is there 1 or 2 I should sell due to overlap? What should I do?
Also is there an argument that shopify fits into the consumer discretionary space?
Also am I missing a tech name?
Thanks take more credits if needed

Upvote 11

Read Answer Asked by Stephen on August 25, 2025

Q: Hello 5i team; I have recently retired and switching my portfolio to income. I have serious overweight to Canadian dividend payers, ENB,NTR, BNS,ZWU etc. for preferential tax treatment.Is this okay? Risky? Should US be growth to avoid withholding tax.Own VGG, suggestions? Tia Mike

Upvote 5

Read Answer Asked by michael on August 25, 2025

• British American Tobacco p.l.c. (BTI $57.33)
  • $57.33 P/E (TTM): 32.3X Cap: $127.89B
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Q: Can I get your opinion on BAT…I’ve held it for many years…mainly for the fat dividends paid in US dollars…sort of like a bond proxy. But this year the share price has risen sharply and considering it’s in the tobacco industry, I’m not sure what to make of it…my plan is to hold it for the long haul but I’m awfully tempted to take some profits.

Upvote 1

Read Answer Asked by Scott on August 25, 2025

• ARC Resources Ltd. (ARX $26.14)
  • $26.14 P/E (TTM): 6.37X Cap: $15.52B
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• Tourmaline Oil Corp. (TOU $57.98)
  • $57.98 P/E (TTM): 14.35X Cap: $21.58B
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Q: Would you have recommendations to add to Tou and Arx to capitalize on growing demand for nat gas for lng projects in Canada? Thanx.

Upvote 6

Read Answer Asked by Steve on August 25, 2025

• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.97)
  • $14.97 P/E (TTM): 12.67X Cap: $1.48B
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Q: HMAX ETF pays a dividend of 12%, payout ratio of over 200%, reduces the asset value by the overpayment and unit value is also increased. We would apreciate your comments on the prospects of this ETF and their trading history.

Thanks for your valuable insight.

Thomas

Upvote 7

Read Answer Asked by Thomas on August 25, 2025

• Alphabet Inc. (GOOG $207.95)
  • $207.95 P/E (TTM): 22.04X Cap: $2.52T
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• NVIDIA Corporation (NVDA $181.77)
  • $181.77 P/E (TTM): 57.42X Cap: $4.38T
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• United Rentals Inc. (URI $943.70)
  • $943.70 P/E (TTM): 24.09X Cap: $60.44B
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• Axon Enterprise Inc. (AXON $769.02)
  • $769.02 P/E (TTM): 185.35X Cap: $59.93B
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• Nebius Group N.V. (NBIS $70.48)
  • $70.48 Cap: $16.67B
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Q: Trimming down some NVDA to reduce weightings after big returns. What would be your top 2 stocks picks to add with the profits. Large - mid cap US stocks, any sector.

Upvote 14

Read Answer Asked by Kyle on August 25, 2025

• Franco-Nevada Corporation (FNV $257.04)
  • $257.04 P/E (TTM): 45.64X Cap: $48.78B
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• Agnico Eagle Mines Limited (AEM $193.14)
  • $193.14 P/E (TTM): 28.3X Cap: $95.19B
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• Aris Mining Corporation (ARIS $10.99)
  • $10.99 P/E (TTM): 2250.0X Cap: $2.06B
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Q: I have done nicely holding Agnico Eagle, Aris Mining and Franco Nevada. I want to sell a bit and lock in some profits, But, I do want to have a good percentage in gold stocks. What name would you recommend?. Many thanks

Upvote 3

Read Answer Asked by Patricia on August 25, 2025

• Robinhood Markets Inc. (HOOD $108.80)
  • $108.80 P/E (TTM): 55.78X Cap: $95.25B
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Q: In 5i's recent video, it was suggested that - because of extreme volatility - an initial investment in crypto shouldn't exceed 1%. About six weeks ago, I took a 3% position in HOOD, reasoning that its diverse areas of business should insulate it somewhat from the wild crypto swings. Up 9% now in a TFSA. Given HOOD's high beta (>2.3), the likelihood that markets will go down in September, and the size of my current holding, if this were your portfolio, would you be inclined to take the small profit and reduce exposure down to the suggested 1%? I recognize you cannot provide personal advice, so hope I am not crossing the line with this question. Thank you.

Upvote 5

Read Answer Asked by Maureen on August 25, 2025

• ARC Resources Ltd. (ARX $26.14)
  • $26.14 P/E (TTM): 6.37X Cap: $15.52B
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• Peyto Exploration & Development Corp. (PEY $18.77)
  • $18.77 P/E (TTM): 11.53X Cap: $3.75B
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• Tourmaline Oil Corp. (TOU $57.98)
  • $57.98 P/E (TTM): 14.35X Cap: $21.58B
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• Vermilion Energy Inc. (VET $10.42)
  • $10.42 Cap: $1.61B
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• Whitecap Resources Inc. (WCP $10.26)
  • $10.26 P/E (TTM): 6.99X Cap: $12.53B
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• Advantage Energy Ltd. (AAV $10.88)
  • $10.88 Cap: $1.81B
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• Birchcliff Energy Ltd. (BIR $6.29)
  • $6.29 P/E (TTM): 22.5X Cap: $1.72B
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• Kelt Exploration Ltd. (KEL $6.91)
  • $6.91 P/E (TTM): 19.33X Cap: $1.37B
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• NuVista Energy Ltd. (NVA $14.23)
  • $14.23 P/E (TTM): 8.69X Cap: $2.88B
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• Paramount Resources Ltd. Class A Common Shares (POU $20.15)
  • $20.15 P/E (TTM): 2.02X Cap: $2.89B
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Q: Please rank these natural gas producers from buy, hold and sell and your reasons why.

Upvote 14

Read Answer Asked by Jean on August 25, 2025

• Dream Industrial Real Estate Investment Trust (DIR.UN $12.10)
  • $12.10 P/E (TTM): 25.85X Cap: $3.58B
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• Nexus Industrial REIT (NXR.UN $7.84)
  • $7.84 Cap: $765M
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Q: Hello 5i

I already own DIR for the dividend. Which is the better choice: adding to NXR with a higher dividend or just adding to my existing DIR holdings?

Thanks guys
Ken

Upvote 6

Read Answer Asked by Kenneth on August 25, 2025

• Thomson Reuters Corporation (TRI $242.16)
  • $242.16 P/E (TTM): 49.64X Cap: $110.39B
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• Alimentation Couche-Tard Inc. (ATD.A)
  • P/E (TTM): 9.8X
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Q: In your opinion which of Atd.b or Tri would offer the best return over the next 5 years.

Upvote 5

Read Answer Asked by Terry on August 25, 2025

• TerraVest Industries Inc. (TVK $144.39)
  • $144.39 Cap: $3.10B
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Q: Strong NCIB announced to buy back 10% of the shares - understand no action has to be taken but do you view this a management is confident buying at today's price will be rewarding?

Upvote 6

Read Answer Asked by Sal on August 25, 2025

• iShares Core Canadian Universe Bond Index ETF (XBB $27.89)
  • $27.89 Cap: $8.14B
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• PIMCO Active Bond ETF (BOND $92.45)
  • $92.45 P/E (TTM): 13.55X Cap: $5.76B
  • View BOND Profile
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Q: I do not have bonds in my portfolio but would like to add some balance to my well diversified stocks only portfolio. Interested in Canadian and possibly US bonds. What would you recommend to start considering..

Upvote 3

Read Answer Asked by dave on August 25, 2025

• BMO Canadian Dividend ETF (ZDV $24.81)
  • $24.81 P/E (TTM): 27.97X Cap: $1.22B
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• BMO Equal Weight Utilities Index ETF (ZUT $24.39)
  • $24.39 P/E (TTM): 40.82X Cap: $723M
  • View ZUT Profile
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• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $33.00)
  • $33.00 P/E (TTM): 3.19X Cap: $2.66B
  • View XDIV Profile
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.97)
  • $14.97 P/E (TTM): 12.67X Cap: $1.48B
  • View HMAX Profile
  • View Questions on HMAX
• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.74)
  • $13.74 P/E (TTM): 65.72X Cap: $819M
  • View UMAX Profile
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• Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.54)
  • $9.54 P/E (TTM): 51.57X Cap: $126M
  • View UTES Profile
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Q: Hi,

I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.

My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.

Thanks,

Upvote 3

Read Answer Asked by Richard on August 25, 2025