Home / Investment / Making sense of the markets this week: March 10, 2024 Mar 8th

Making sense of the markets this week: March 10, 2024 Mar 8th

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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Selling a cottage to a family member: What that means for capital gains Jul 18th

AskMoneySense I shared a cottage property with my brother. I sold my half to my half to my niece. Do I have to pay capital gains tax? If so, how do you calculate this? How do you determine the adjusted cost base? What expenses can be applied? —Terry What happens when you sell your cottage t.... More »
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Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” Jul 31st

Here’s a round-up of news for Canadian investors this week. Air Canada George Weston Lightspeed Bombardier Gildan Activewear TFI Algoma Steel Featured RRSP Accounts featured EQ Bank .... More »
stock exchange

Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st

Housing affordability—while still extremely expensive in many of Canada’s major real estate markets—was all over the map in 2024, as central bank interest rate cuts reduced mortgage rates, and a lack of demand in the first half of the year kept a lid on buyer competition. According to the y.... More »

Are you really ready to retire? Why many Canadians are struggling with retirement planning Mar 24th

Despite best intentions, many Canadians are not financially prepared for retirement. This reality is driven by a combination of factors: rising costs of living, growing debt levels, insufficient personal savings, and a lack of proper planning. Unexpected life events such as health challenges, job lo.... More »

Apple in talks with China’s Baidu as part of generative AI ambitions: Report - The Indian Express Mar 23rd

Apple in talks with China’s Baidu as part of generative AI ambitions: Report  The Indian ExpressApple in Talks to Use Baidu's AI in Chinese iPhones, WSJ Says  BloombergBaidu Stock Gains On Report It Held Talks With Apple For AI In China  Investor's Business DailyExclu.... More »
Making sense of the markets this week: March 10, 2024Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, shares financial headlines and offers context for Canadian investors.

Earnings beat expectations—as expected

As we close out the first quarter’s earnings season, the biggest takeaway is that there were no surprises. Analysts’ expectations were largely met or exceeded. For example, Target reported earnings per share of $2.98 and revenues of $31.92 billion, beating expectations by 23.52% and 0.22%, respectively. (Figures in this section are in U.S. dollars.) It wasn’t just Target—between 70% and 80% of businesses reported first quarter earnings that beat expectations. This is what we usually see at this time of year. 

However, dig a little deeper and the picture isn’t as typical as it may seem. Even though top-line and bottom-line growth beat expectations, when we compare these results to earnings from a couple of years ago, we notice that growth and profitability are slowing in some areas of the market…

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