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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: FYI. I was listening to the chief economist at RBC the other day and she said the CUSMA renegotiations are to determine what the trade agreement will be starting in 2036 , 10 years from now. This means the current agreement terms would remain for a significant period of time ( unless Trump totally throws the whole thing out ). Can you confirm this ?

This important point doesn’t seem to get recognized by the media. Thanks. Derek.
Read Answer Asked by Derek on September 23, 2025
Q: Hello Team 5i & Everyone!

What do you think the likelihood of the tariffs being cancelled by the US administration is if they become too unpopular with their fan base and wealthy friends? (I’ve heard that historically tariffs take 4 - 18 months to fully work their way on to the consumer, so I’m open minded to the idea that the US consumer hasn’t felt the full impact of them yet.)

What would the market reaction maybe be if tariffs were cancelled?

Is the goal of lowering interest rates via the US administration undermining the independence of the US Fed (and stacking it with ‘yes people’) simply so lower interest rates will offset the tariffs affect on the US economy and lower the cost of the US refinancing its debt? Are there any more reasons you think apply here?

Appreciate your big brains,

Thanks!


(Hopefully this question isn’t a repeat, I got timed out when I first wrote it.)
Read Answer Asked by Sandra on September 04, 2025
Q: Trump tariffs... impact on e commerce with non US countries. I see US analysts starting to reduce profit targets. I do hold the stock and I see 5i staff also hold the stock. What is your recommended course of action at this point... should I reduce my exposure? What would you do if you owned the stock? I do own GOOG and MSFT considering reducing my AMZN position and allocating it to MFST. Your thoughts would be appreciated. Thank you.
Read Answer Asked by Dick on September 03, 2025
Q: It was announced today that Trump fired a Federal Reserve governor (Lisa Cook). Jerome Powell's term will end in May 2026. It seems Trump is really pushing for lower interest rates, and my question are::
1) If bond investors start to lose faith that the Fed will be able to control inflation, can the Fed still lower rates?
2) If inflation starts to take off again, is it better to be in stocks? If so, what sectors should people hide in?
3) Would you make any big changes to portfolio weightings or cash positions at this time?
Read Answer Asked by Mike on August 27, 2025
Q: Good morning - With the market rising so nicely, it's timely for me to do some re-balancing. For fixed income, I have positions I xlb, xbb and XHY. What fixed income investments do you suggest these days. I could add to the above and/or to corporate bonds, if that makes sense. But, I am nervous about the prospects for Canadian companies as the Trump tariffs take their toll. What does your crystal ball reveal? Many thanks.
Read Answer Asked by alex on August 26, 2025
Q: I think Trump is headed down the wrong road with his goal to isolate the American economy from the rest of the world and bring back manufacturing to the United States.
I believe that globalization is the better economic system. This leads me to my question: Can you please provide me with a list of your top 10 Canadian companies that have developed their companies into successful, profitable, global operations and have the most possibility of continuing that success?

If you could list them in order of most profitable to least it would be most helpful.
Read Answer Asked by Les on August 25, 2025
Q: There are two questions here, the first relates to the abandonment of science, a policy issue. I note that HHL has recovered significantly and reportedly follows the prospects of leaders in medical science, in which Crisper also participates, that issue is now lagging and down. While this appears to be an extraordinarily cruel hit to an essential industry, question I have - is there a reason which might be ordinarily attributed to each of these related issues, and how do you perceive the outcome?



The second question relates to the price of Lithium. It is my understanding that China has closed a major supplier of Lithium and that this briefly sent the price soaring. It is my guess that this has occurred because salt has replaced Lithium as an energy storage mechanism for major - grid related - energy storage facilities, despite its lower energy density and because of its availability and cost to produce, but that Lithium is expected to be used in cars, bikes, and hand held devices because of its higher energy density/ capacity. Does this coincide with your view of the lithium industry's prospects and do you have an opinion for the trajectory for the price of Lithium?
Read Answer Asked by Mike on August 22, 2025
Q: Could you please provide your analysis of GE Vernova.

We have been interested in the Co, for exposure to Power Infrastructure sector/Nuclear. However, stock has continued to march to new highs, except for past 2 weeks, following a general weakness in most momentum names.

Do you like the Company and would you be comfortable buying at current levels, say $600. after the pull back ? ( More so, stock exhibiting a little bit of support around $585-$595, in Wednesday's trading ).

Thank You
Read Answer Asked by rajeev on August 21, 2025
Q: I hold HHL in my RRIF which is primarily focused on income. I am considering switching HHL to
HHLE. This would increase my income by approximately 30% on this money and allow me to keep the same list of healthcare stocks. Does this make sense; any downsides ; am I missing anything?

As an aside , I am at breakeven with HHL as the sector is under pressure from Trump and also United Healthcare has dampened the sector. But with Trump wanting lower drug prices , the companies will be going overseas to compensate for lower US revenue as witnessed by Eli Lilly raising international prices for Mounjaro.
Thanks .Derek
Read Answer Asked by Derek on August 20, 2025
Q: at todays prices and looking forward for dividends and growth which stock would you buy today , bip.un or ppl or none. do you think we are overbought in this market [tsx and dow] and will have a pullback come fall?
Read Answer Asked by hans on August 12, 2025