Making sense of the markets this week: June 12 Jun 10th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.

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Making sense of the markets this week: June 12

– moneysense.ca

Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Five-Dollarama

In an otherwise quiet North American earnings week, investors looked to the Dollarama (DOL/TSX) earnings call to get the latest information on which way consumer winds were blowing.

It turns out that they’re blowing towards deep-discount dollar stores.

Dollarama announced a blistering 20.9% increase in adjusted earnings for its first quarter, to $300 million. Diluted net earnings per share were up 32.4%. The company also took the opportunity to announce a 9.9% dividend increase. Share prices were up roughly 3% on Wednesday.

When we combine Dollarama’s quarter with the excellent first-quarter earnings announced by Dollar General (DG/NYSE) and Dollar Tree (DLTR/NASDAQ) a few weeks ago, as well as the recent troubles at large retailers like Target, it’s clear that consumers are becoming much more budget-conscious when buying everyday goods during this inflationary period…

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