What one of the market’s most accurate forecasters thinks will happen in 2023

What one of the market’s most accurate forecasters thinks will happen in 2023

The way Morgan Stanley chief investment officer Michael Wilson describes it, investors in 2023 will feel like they’re treading water in a sea of ​​sharks, with significant returns available to the nimble. Mr. Wilson has been among the most accurate market forecasters in recent quarters. Recently, he accomplished the feat I value most in strategists … Read more

Canada’s Summit Industrial REIT, a major warehouse owner, sold to Singapore’s sovereign wealth fund for $4.5-billion

Canada’s Summit Industrial REIT, a major warehouse owner, sold to Singapore’s sovereign wealth fund for .5-billion

GIC, Singapore’s giant sovereign wealth fund, is swooping into Canada to acquire Summit Industrial Income REIT SMU-UN-T for $4.5-billion, more proof that warehouse properties in major urban centers such as Toronto and Montreal are some of the hottest real estate to own anywhere in the world. GIC’s acquisition, announced Monday, is structured as a joint … Read more

Three personal finance survival tips for the looming recession – including ‘unbudgeting’

Three personal finance survival tips for the looming recession – including ‘unbudgeting’

This year has been financially difficult for many Canadians and with inflation remaining stubbornly high, things are likely to get worse before they get better. We’re heading into a recession, or at the very least an extended period of financial challenges. With that in mind, here are three simple ways to allocate your money to … Read more

An eight-pack of dos and don’ts for surviving and profiting in a world of rising interest rates

An eight-pack of dos and don’ts for surviving and profiting in a world of rising interest rates

Canada’s epic moment of fast-rising interest rates came in 1980. A quick recap of events from back then: The Captain & Tennille had one of the year’s big hits, the Blues Brothers was a top-grossing movie and Canadian diplomats helped six US embassy staff escape from Iran. If these cultural and historical references don’t sound … Read more

What the GIC critics get wrong

What the GIC critics get wrong

Even at rates of 4 to 5 per cent, GICs are disrespected. Not so much by investors. The consulting firm McVay and Associates says balances in guaranteed investment certificates in the banking sector in June were 18.1 per cent higher than the same period last year. It’s more advisers and market strategists who are finding … Read more

BMO expects big bounce-back in TSX stocks. More, why Canadian rails are tempting buys right now

BMO expects big bounce-back in TSX stocks.  More, why Canadian rails are tempting buys right now

The S&P/TSX Composite Index is trading at recessionary valuation levels and that, combined with the extreme breadth of weakness and the dramatic underperformance of cyclical stocks, has BMO chief strategist Brian Belski expecting a strong rally in Canadian stocks. Mr. Belski calculates that Canadian stocks are trading at an average trailing price to earnings ratio … Read more

Why I’m good with not owning oil and gas producers

Why I’m good with not owning oil and gas producers

I have always wondered why your model Yield Hog Dividend Growth Portfolio has no oil and gas producers, which pay higher dividends than some of the other stocks in the portfolio. Why don’t you own these stocks? I chose not to include oil and gas stocks – or resource producers of any kind – for … Read more

It’s time to ponder adding bonds again to your portfolio. Plus, what a $6-billion Scotiabank fund manager is buying and selling

It’s time to ponder adding bonds again to your portfolio.  Plus, what a -billion Scotiabank fund manager is buying and selling

It’s time to start thinking about applying the most basic rule of investing in stocks to bonds: Buy low. Bond prices have plunged this year, which means yields have risen sharply. We are now getting into a zone on yields where investors with a long-term perspective may find some interesting developments, particularly in corporate bonds. … Read more

Need secure retirement income? Rising interest rates have juiced annuity payouts

Need secure retirement income?  Rising interest rates have juiced annuity payouts

Along with GICs, annuities demand a fresh look as interest rates soar. Both are minimal-risk, conservative investments that were long avoided by many people because their returns reflected persistently low interest rates. Rising rates this year have improved returns for both dramatically. Annuities are insurance contracts where you turn a lump sum of money over … Read more

Rising interest rates have brought back the 5 per cent GIC

What the GIC critics get wrong

We’ve hit a milestone in conservative investing – a 5 per cent return from guaranteed investment certificates. Oaken Financial, an online player in financials services, says it will offer 5 per cent for a five-year term starting Friday. The new rate for the one-year term seems a milestone as well: 4.05 per cent. Rising interest … Read more