Bank of Canada Faces Increasing Pressure to Continue Rate Cuts
The significant risk tariffs pose to Canada’s economy is increasing the chances that the Bank of Canada won’t be pausing its interest rate cuts anytime soon. Analysts suggest that the uncertainty surrounding the size, scope, and timing of tariffs, alongside domestic economic indicators, will require multiple, even supersized, rate cuts this year to allow the […]
Barrick Considers Relocating to the U.S., According to CEO Mark Bristow
The relocation could also position Barrick for inclusion in the S&P 500 index, which would trigger automatic purchases from numerous mutual funds and exchange-traded funds that track the index. Currently, Colorado-based Newmont Corp. is the only gold mining company in the S&P 500. Barrick’s presence in the US and Canada Barrick Nevada Gold Mines joint […]
Fortis Earnings: ITC Remains the Top Performer…
Key Morningstar Metrics for Fortis What We Thought of Fortis’ Earnings Fortis reported 2024 operating earnings per share of $3.28, up from $3.09 in 2023 and in line with our full-year expectations. During the year, Fortis increased the dividend by 6.1%, in line with earnings growth. Why it matters: Fortis’ regulated operations supported a 6% […]
Did Vanguard’s Fee Reductions Impact Its Canadian ETFs?
Vanguard announced its broadest round of fee cuts in its history on Monday, Feb. 3. The reductions applied to 168 share classes of 87 US mutual funds, ETFs, and money market funds. Collectively, Vanguard estimated the total cost will amount to about USD 350 million in lost revenue this year. Two of the cuts have […]
Gold Prices Drop During India’s Wedding Season as China Introduces Discounts
“A lot of customers want to buy gold for the wedding season, but they’re holding off because prices keep going up. They keep calling us, asking when the prices will drop and when’s the right time to buy,” B Muthuvenkatram, a Coimbatore-based jeweller said. Weddings are a major driver of gold purchases in India, with […]
Did Vanguard’s Fee Reductions Affect Its Canadian ETFs?
Vanguard announced its broadest round of fee cuts in its history on Monday, Feb. 3. The reductions applied to 168 share classes of 87 US mutual funds, ETFs, and money market funds. Collectively, Vanguard estimated the total cost will amount to about USD 350 million in lost revenue this year. Two of the cuts have […]
Gold Price Surge Stalls as Traders Analyze Data and Powell’s Comments
Meanwhile President Donald Trump called for lower interest rates as Powell continued with his second-day testimony before the House Financial Services Committee. The US central bank “will make decisions about interest rates as we go,” said Powell during the testimony, adding that Wednesday’s inflation print shows “we’re close but not there on inflation.” He told […]
Is This Highly Rated Concentrated Stock Fund Poised for a Comeback?
Concentrated stock funds (ones with relatively few stocks) can offer outsized returns when their bets pay off. However, when one hits a slump, investors can feel the downside of this approach more than they would with a broadly diversified portfolio. That’s been the case for BMO Concentrated Global Equity F, a USD 2.6 billion 3-star […]
Shopify Earnings: Demand Trends Show Continued Strength
Key Morningstar Metrics for Shopify What We Thought of Shopify’s Earnings We are raising our fair value estimate of Shopify SHOP to C$172 per share after the firm reported good results and provided first-quarter guidance that was once again better than our expectations. Management commented that it thought the company was the right size to […]
Record Gold Prices: A Challenge for Leading Miners
Gold’s rally is adding pressure for the two to perform: the precious metal has hit repeated record highs already this year, on a steady march toward $3,000 an ounce, thanks to increased demand for the safe-haven asset. “Gold is at $2,900 so the market is now saying ‘Show me the money’,” said Imaru Casanova, a […]