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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Cryptocurrency investing offers new and exciting opportunities, but it’s also rife with scams and tech-savvy con artists. And, as the money invested in crypto grows, so do the scams. “Crypto investments are the top type of investment scams reported to CAFC (the Canadian Anti-Fraud Centre).”.... More »

Investing in GICs? Here’s why to buy them from an online bank Jul 14th

In today’s harsh investing climate, it’s nearly impossible to avoid volatility. What’s been particularly painful about the instability of this past year is the range of different asset classes hit. Whether you’ve been investing in stocks, gold or cryptocurrencies, your portfolio has likely s.... More »
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Six key concepts to help you weather the investment storms Jul 25th

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Making Sense of the Markets this week: June 26 + MORE Jun 24th

It was the week of April 3, 2022, when I signed off from writing the “Making sense of the markets” column. It is wonderful to be back filling in for Kyle Prevost (he’s on vacation), who took over the column. Kyle’s insights and writing give the column a nice jolt. I am so glad to see it in g.... More »

Making sense of the markets this week: July 10 Jul 8th

This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. The first half of 2022 asset scorecard—not good The S&P 500 entered a bear market last month and recorded its worst first half since 1962, down 20.6%. Th.... More »
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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