JHVEPhoto/iStock Editorial via Getty Images Note: All amounts discussed are in Canadian Dollars, all prices refer to the TSX. We rated Canadian Utilities Limited (TSX:TSX:CU:CA) a buy earlier this year. We covered the Q3-2023 numbers in that piece, and we came away feeling confident that the company could deliver a 3% earnings growth despite high…
sommart Canadian Western Bank (OTCPK:CBWBF) (TSX:CWB:CA) also known as CWB is a Canadian banking institution based out of Western Canada. As of Dec 31, 2023, its total asset size is approximately $43 billion. This makes CWB the 8th largest bank in Canada by total asset size. A move up from 10th place several years ago….
Jordan Feeg By Garey J. Aitken, CFA, & Michael Richmond, CFA Upgrading Portfolio Quality into Strength – Market Overview After nearly two years of managing through steadily higher policy rates and regular prognostications of economic troubles, investors clearly expected 2024 to be a transition year. Rather than a change, the first quarter of 2024 looked…
zhengzaishuru Article Thesis Canadian Natural Resources (NYSE:CNQ) is a leading Canadian oil sands company that has an excellent track record and strong management. Thanks to superior cash generation, Canadian Natural Resources has recently achieved its net debt target, which will allow the company to return even more cash to its owners. While the share price…
rlesyk Introduction All financial data are reported in Canadian dollars unless otherwise stated. Canadian National Railway (NYSE:CNI) has been my top pick among Class 1 railroads and, as such, it makes up around 7% of my portfolio. Major macroeconomic trends make me consider the whole industry as one poised to keep on growing. The need…
Canadian Natural Resources Limited (NYSE:CNQ) Q4 2023 Results Conference Call February 29, 2024 11:00 AM ET Company Participants Lance Casson – Investor Relations Tim McKay – Vice Chairman Scott Stauth – Chief Operating Officer, Oil Sands Robin Zabek – Chief Operating Officer, E&P Mark Stainthorpe – Chief Financial Officer Conference Call Participants Doug Leggate –…
ThomasVogel Thesis The Canadian oil and gas space is highly fragmented. As such, there are laundry lists of small oil and gas producers that are growing their operations in Western Canada. Land in the region is extremely cheap and located in generally young basins that have not gone through any meaningful amount of consolidation. I…
Jinda Noipho/iStock via Getty Images By Garey J. Aitken, CFA, & Timothy W. Caulfield, CFA Market Overview The S&P/TSX Composite Total Return Index returned 8.1% in the fourth quarter. Benchmark 10-year interest rates in Canada and the U.S. reached 2023 highs of 4.24% and 4.99%, respectively, in October before ultimately giving way in the final…
Canadian Pacific Kansas City Limited (NYSE:CP) Q4 2023 Earnings Conference Call January 30, 2024 4:30 PM ET Company Participants Chris de Bruyn – VP, Capital Markets and Treasurer Keith Creel – President and CEO Mark Redd – EVP and COO John Brooks – EVP and CMO Nadeem Velani – EVP and CFO Conference Call Participants…
Pituk Loonhong/iStock via Getty Images Please note all $ figures in $CAD, not $USD, unless otherwise stated. Introduction I recently covered Hydro One (H:CA) and suggested that the company was likely the worst regulated utility in Canada having higher leverage, a poor dividend yield, and an expensive valuation. Today, I’ll be covering another utility, ATCO…
Canadian National Railway Company (NYSE:CNI) Q4 2023 Earnings Conference Call January 23, 2024 4:30 PM ET Company Participants Stacy Alderson – Assistant Vice President, Investor Relations Tracy Robinson – President and Chief Executive Officer Patrick Whitehead – Executive Vice President and Chief Network Operating Officer Derek Taylor – Executive Vice President and Chief Field Operations…
Marvin Samuel Tolentino Pineda Please note all $ figures in $CAD, not $USD, unless otherwise stated. Investment Thesis If you’re a Canadian like I am, you’re no doubt familiar with Rogers Communications (TSX:RCI.B:CA), one of the largest telecommunications companies in Canada along with Telus (T:CA) and BCE (BCE:CA). In fact, because of the oligopolistic nature…
hapabapa/iStock Editorial via Getty Images Points to note: 1) All values are in CAD unless noted otherwise. 2) Prior to June 17, 2021, Canadian Net operated under the name of Fronsac Real Estate Investment Trust (FRO.UN). Previous Coverage We covered the 2023-Q1 results of Canadian Net Real Estate Investment Trust (TSXV:NET.UN:CA) and came away impressed…
mysticenergy Introduction and Investment Thesis Canadian Natural Resources (NYSE:CNQ) is the largest oil and gas producer in Canada. The stock has returned an impressive ~18% in 2023, despite oil prices experiencing downward pressure, contrasting with other Canadian oil peers who suffered declines in the year. While the company has a strong history of dividend increases…
NicolasMcComber Who are Canadian Tire? Canadian Tire Corporation Limited, (TSX:CTC:CA) listed on the TSX under the ticker (‘CTC’), is a Canadian group of companies that includes a Retail segment, a Financial Services division and a REIT, (CRT.UN:CA) The flagship retail business dates back to 1922 and provides Canadians with products for life in Canada across…
jimfeng Investment thesis Canadian Pacific Kansas City Limited (NYSE:CP) is poised to see improved growth as clients realize the value proposition of the combined CP KCS railroad system and the company benefits from revenue synergies from the merger. Further, nearshoring trends, recovery in automotive and potash markets, bottoming of housing market and market share gains…
miniseries With the holiday shopping season underway, the Canadian consumer is still showing a willingness to spend. However, Maria Solovieva, an Economist at TD, says high inflation is weighing on sentiment. She discusses the economic implications with MoneyTalk’s Greg Bonnell. Transcript Greg Bonnell: The latest Canadian retail sales report suggested the consumer is still spending…
Elijah-Lovkoff Today, we are back to comment on Canadian Solar’s performance (NASDAQ:CSIQ); however, this year, we already analyzed the company twice, commenting on the CSI Solar Co IPO process on the Shanghai Stock Exchange and also on the H1 results, looking at Canadian Solar’s growth coupled with an underappreciated assets portfolio. After the Q3 results,…
Tamas-V Introduction In Q3, I bought more shares of Canadian National Railway Company (NYSE:CNI). Canadian National, in fact, keeps on being the best available railroad if scrutinized with the criteria Warren Buffett uses to assess and invest in railroads (if you still haven’t, please read the article “Learning From Buffett About Investing In Railroads: The…
XtockImages Canada’s inflation cooled to 3.1% in October. Robert Both, Macro Strategist with TD Securities, discusses the latest readings and the implications for the Bank of Canada’s monetary policy with MoneyTalk’s Greg Bonnell. Greg Bonnell: Well, Canadian headline inflation cooled to 3.1% in October, just sitting above that target range for the Bank of Canada….
WichienTep/iStock via Getty Images 2023 has been a particularly challenging year for the solar industry. The solar ETF (TAN) has lost 40% of its value this year, with virtually all those losses occurring over the past three months. One notable example is Canadian Solar (NASDAQ:CSIQ), which has lost nearly half its value since August. However,…
Canadian National Railway Company (NYSE:CNI) Q3 2023 Earnings Conference Call October 24, 2023 4:30 PM ET Company Participants Stacy Alderson – Assistant VP, IR Tracy Robinson – President and CEO Ed Harris – COO Doug MacDonald – CMO Ghislain Houle – CFO Conference Call Participants James McGarragle – RBC Capital Markets Brandon Oglenski – Barclays…
Dilok Klaisataporn/iStock via Getty Images The markets absorbed two shocks last week. The war in Israel that seems to know of no restraint underpinned oil prices and appeared to help boost gold and the Swiss franc, the only G10 currency to appreciate against the dollar. The other was the continued deluge of US Treasury supply,…
The reason behind the decision to leave the Canadian market was not revealed by Bitstamp. Notably, the exchange follows Binance, OKX, and Bybit which announced their exit from Canada earlier. Luxembourg-based crypto exchange Bitstamp is planning to stop providing services in the Canadian market in January 2024. The deadline for withdrawing customers’ funds is January 8….
Pla2na/iStock via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in US$. Introduction Things are developing very quickly – even quicker than I expected. Almost two months ago, I wrote an article titled Canadian Natural Resources Is One Of…
The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin…
Tamas-V It’s been just over two months since I added to my stake in Canadian National Railway Company (NYSE:CNI), and in that time, the shares are down about 7% against a gain of about ½ a percent for the S&P 500. Since my investment here isn’t doing too well, I thought I’d review the name…
lorozco3D Listen to the podcast below or on the go via Apple Podcasts or Spotify. Alan Brochstein and Julian Lin join us to discuss investing in cannabis stocks and mistakes made along the way (3:00). Why companies should be more aggressive in paying down debt (9:00) Investing timelines and federal legalization (19:00) Cannabis REITs and…
Coinbase noted that Tether’s USDT doesn’t meet their listing standards for Canada and thus they decided to suspend the stablecoin. By the end of this month on August 31, crypto exchange Coinbase has decided to suspend the trading of Tether’s USDT stablecoin along with DAI, and RAI, for Canadian users. The crypto exchange sent an…
Editor’s note: Seeking Alpha is proud to welcome Dividend Grower as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » LIVINUS/iStock Editorial via Getty Images Canadian Imperial Bank of…