/biz/ - Business & Finance

Bros, I tries so hard on this and I posted /CTG/ instead of /CIG/ for Canadian Investment General.

>>18375227
BULLISH

>>18375227
Literally a self isolation thread?

>>18375183
Bruh who gives a FUCK about the Canadian markets?

>Canada
kek

>RBC is being a slow ass nigger setting up my direct investing accounts

based leaf good job bro

>>18375183
>not being a permabear on the loonie market

I will hold until I've become rich or am margin called, whichever comes first.

>>18376460
Canadian investment possibilities are too different and closed off from the rest of the world that they can only casually participate to /smg/. Not sure how much it deserves its own thread, but I like it.

>>18375183
I only trade crypto cause I am a retard but I hope this becomes something so here's a bump

>>18377751
>using RBC direct investing
>ever
For
What
Porpoise?
Even if you want to go with a big (((bank))) instead of a good discount broker, there are plenty of better options.

>>18378010
Easiest to set up because my banking is with them. Auto-filled all the forms

ex financial advisor ama

>>18377868
Reminder to use currency neutral indexes so you don't get justed by an increasing oil price.

/smg/ here fuck canadians

>>18378028
Forms take all of 5 seconds to fill from scratch at questrade, for example. Fees are going to rape you on the way up, down, and sideways. They're not outrageously outside the norm but they're on the expensive side among all possibilities. If you want to boomer long, it's fine though of course.

I hope you leaves enjoyed that dump on USD/CAD, we're in control now.

what leaf stocks do you guys like? for me, it's
LIF labrador iron ore
TECK teck, not a tech company, mostly coal mining and some metals
WTE westshore terminals, they own the port that teck sends it's coal out from

>>18376568
me, dealing with foreign currency becomes a headache

>>18375183
Fuck of Canada you already have legal weed and healthcare you don't need trendies too

>>18378104
>Forms take all of 5 seconds to fill from scratch at questrade, for example. Fees are going to rape you on the way up, down, and sideways. They're not outrageously outside the norm but they're on the expensive side among all possibilities. If you want to boomer long, it's fine though of course.
Definitely not day trading with these accounts, I want to make some long trades so it's fine for me

>>18378135
we also don't get the irs short term penalty holding of something for under a year means you pay more in taxes
also effectively a roth ira that you don't even need a job to put money in

>>18378135
Our healthcare is free because there is none, and the weed is legal because it's yet another of our government-backed criminal industries.

"Dear Anon,

While physical distancing is the right thing to do to defeat the COVID-19 virus, coming together to support one another is the most important thing we can do to keep our country strong. In these uncertain times, we need each other more than ever before.

That’s why we’ve created the RBC Client Relief Program. You’ve had many questions and will have many more as events evolve. We want you to know we are listening, and we’ll provide the support you need, especially if you are in challenging circumstances.

First, let me share what we’re doing to relieve some of the day-to-day pressure on your personal finances by:

Deferring payments on mortgages, credit cards, installment loans, and auto loans for up to six months;
Providing access to skipped payments through self-service online banking;
Ensuring credit scores are not impacted by deferred payments; and;
Waiving certain fees, like stop payment fees and ATM statement fees.

Second, we know many of our clients are facing additional pressure from lost employment, a major disruption in their business or unique family circumstances. Our employees are here to connect with you directly to create a personal plan to relieve the pressure you are facing. This may include reducing credit card interest charges by 50% for clients receiving credit card minimum payment deferrals. If you are experiencing more extreme financial hardship, please book a call with an advisor through our online appointment booking service.

Third, for our commercial and small business clients – key engines of the Canadian economy – you can count on RBC to provide immediate relief by enabling payment deferral and temporary limit increases where needed. We are also temporarily waiving setup fees for business client enrollment in electronic cash management and remote cheque processing solutions. We are working closely with government to implement their new programs for business, and our advisors are here to help you."

RBC must be in good shape

>>18375227
We all appreciate your effort, leaf. Thanks for posting something business related and not tranny/porn posting.

Where y'all putting money? Looking at restaurants right now A&W, AW-UN.TO, seems like a safe bet right looking for a few others.

>>18378201
All the banks are in good shape currently if you look at those who've done their Q1 2020 earning reports so far. I think those who've announced Q1 report delays are probably trying to get higher numbers before they announce that they've been fucked.

>>18378128
CTC.A
RUS
IPL
PPL
RNW
I have a good allocation of divvy stocks in general.

And for non-divvies,
KL only for now. I'm waiting to see what happens in RE to get a few REITs on the cheap. I'm on the lookout for other good value/opportunity non-divvies but everything looks pretty meh in general.

>>18378254
>AW-UN
they've already had a 50% upswing from their bottom, should have bought some
if you're looking for dividend paying stuff
https://tsx.exdividend.ca/
is a good site, think boston pizza royalties fund pays out well

>>18378320
>All the banks are in good shape
BMO
>First Quarter 2020 Compared With First Quarter 2019:
>Net income of $1,592 million and adjusted net income of $1,617 million, both up 5%
>Reported EPS of $2.37 and adjusted EPS of $2.41, both up 4%
>Revenue, net of CCPB, of $6,031 million, up 8%
>Provision for credit losses (PCL) of $349 million; includes PCL on performing loans of $25 million
>ROE of 13.3%, compared with 13.6%; adjusted ROE of 13.5%, compared with 13.9%
>Common Equity Tier 1 Ratio of 11.4%
Fuckin meracles.

>>18378320
>RUS
russel metals? I bought some cheap during the oil crash of 2015-6
>RNW
I once screwed up buying transalta and bought the wrong one, I ended up selling it being up 1k, nice mistake I made

do you know highliner, HLF? they sell seafood, mostly nova scotia, seems like a company that's taken a hit and hasn't recovered yet, doubt seafood is going away

>>18378410
The stock screener at tradingview works great to find divvy stocks as well and lets you add more metrics as well as filters.

>>18375183
based leaf bro, based thread.

What province are you all from? Newf here

>>18378648
Ontario - Toronto, originally from London

>>18378584
>HLF
I know the brand, but hadn't looked at their stocks yet.
Finances look really juicy, but stock activity isn't very hopeful in my opinion. I estimate that they're worth no more than $8, which is less than 30% up from the current price. Dividend yield is a bit low for my taste as well. They'll certainly never go bankrupt, but I'd have to investigate further and find a clear sign it has chances to head toward its ath to consider it (change of CEO perhaps).

>>18378665
>Ontario - Toronto
As a rural BCfag, I will have you know that I hate your guts. No hard feelings, though.

>>18378829
I don't like it either, I would rather move back to London but software development is all in Toronto or Waterloo

>>18378860
>software development
Urge to kill... rising...

>>18378829
current state is we rural people need cityfags and immigrants to put up the tax base so we can enjoy rural life far away from them
I lived in vancouver until I was 19, now live in a town of 15k

>>18378884
Hey, nobody ever said you can't hate the people you depend on. Hell, hating the people you depend on is basically the spirit of /biz/.

>>18378410
Damn, Boston Pizza looks like a solid buy right now.

What is your guy's philosophy on individual stock picking for shit like this? >>18378983

Just that the book value looks good? I'm uncomfortable holding stocks from companies I think make a dogshit product.

>>18378983
I'm expecting they'll cut their dividend, and having a liquor license means they're hurting a lot more than a drive through place like a&w

>>18379037
Honestly in this situation, the book value. In all other circumstances I'd rather put my money in something like A&W or another restaurant that I don't actively dislike.

all in on Suncor waiting for OPEC meeting results

>>18375227
NOOB

RBC's P/E is under 10, good buy?

>>18379176
you got big balls, I respect that
but you're kind of dumb and I wouldn't want you anywhere near my money
>>18379406
for me banks are too exposed to canadian housing market, I'm waiting and seeing what happens
ultimatley I think things will work out, but that migh be because government increases immigration to 500k a year to keep the bubble up

>>18378961
It’s the Canadian way!

>>18379494
>globalization and importing immigrants from shitholes exposes us to pandemic risks
>import more immigrants!
We really are fucked, huh?

>>18379406
I'd say most banks are good buys right now. BNS, RY, LB probably some of the stronger choices.

I'm going to ride this bullshit pandemic out with my pizza pizza shares.

PIZZA GANG

>>18380884
I would buy popeyes if I could but it's a part of RBI which includes a bunch of dogshit

>>18380884
>pizza pizza
The only thing I miss about Ontario, that 4-cheese blend and bacon strips instead of bacon bits was a god send when I lived in barracks.

>>18379037
Depends on my goal. For divvies I normally look at many things:
- TTM yield
- TTM gross income
- TTM free cash flow
- MRQ debt vs MRQ assets
- Yield history
- Payout ratio history
- Payout to FCF history
Whether I use fcf or gi against total dividend paid depends on if it's an acquisition-oriented company or not. FCF is better if not.
I don't touch companies which are using debt to pay dividends or that otherwise obviously can't sustain the current dividend level. Increasing dividend history on the other hand is a great buy signal.
But during corona I mostly use MRQ data since TTM is not as informative, so I base my longer-term outlook based on TTM and buy based on MRQ.

For growth potential, I mostly read directly about the company details and look at:
- P/E vs sector P/E
- EBITDA
- Assets and debt
- Generic income statements
- Mid to long-term stock price history
I also don't like holding companies I don't like the offerings of, but I recognize it's not at all a sensible stance if the goal is pure money-making.
Based on these metrics, I'd say BP is an excellent value buy right now.

Any American expats want to share their setup in Canada? I might actually move south because it's such a fucking hassle. I can't really use anything here.

>>18378128
DOO

>>18378320
Based.
One of my biggest holdings is RNW.
Down less than 10%

>>18378983
>>18378410

Boston Pizza already suspended their divy.
Don't do it!

What's everyone's option of ENB?

>>18381778
Div is gone but the stock along with the dividend will be back eventually, I don't see a company as large as BP going under.

>>18375227
It's cool, you're still America's favorite hat. Besides my pot stocks I have a bunch of WY that's mostly Canadian timberland based. Anything else I should look at while you collapse and we annex you?

lol

>>18382117
mother fucking fucky fucker

>>18382117
BUY HIGH SELL LOW

>>18382117
don't worry, China will send back as much, and they're only very slightly defective

>>18382117

Member when China bought and stole Austraila's medical supplies only to be sold back to them? I member. Member when China was willing to give Italy medical masks and tests but only if they bought Huawei's 5g tech? I member.

>>18382117

In case you're too retarded to see what's going on around you allow me to be perfectly clear:

Canada has become a Chinese vassal state under Trudeau's government. Trudeau was compelled to send tribute to emperor Xi Jinping and so now Canada is running out of critical equipment it needs to protect itself against a virus leaked from a biological research facility IN CHINA. Canada is too cucked to do anything about this because it can't admit its crippling dependence on Chinese state power until its material wealth has been transferred to the bugmen empire.

The entire Canadian government is riddled from top to bottom with Chinese apologists/agents. China is slowly increasing its stranglehold of Canadian assets from timber to tech. State propaganda (cbc) is pushing an anti-american narrative harder than ever to try to scapegoat many of the developing problems in the Canadian economy/national power.

If any of this surprises you, I think you should be swiftly put to sleep, because you've been that way for your entire life.

You get the government that you deserve.

>>18382433
wtf trudeau based???

>>18381938
This, and their financials are very solid. I think it's extremely undersold.

>>18382814
oversold***
An excellent buy on stock price increase alone, and the dividend is cool too once it's back.

Anyone else with RBC Direct Investing? I was trying to buy Raytheon Company (RTN) and it wasn't there. What gives? It's on the NYSE. I saw an anon with Questrade that was able to buy it.

>>18383384
try rtx

>>18383384
Raytheon is RTX, not RTN.
No clue why you're using RBC DI but hey, you're canadian, you're used to scams.

anybody know when tastyworks is coming to canada?

>>18382117
Fucking bullish

>>18378135
go back to r*ddit

>>18378128

Buying energy, cheap as fuck.

The only thing worth buying in Canada right now.

>>18385051
Banks

>>18385102
The banks have not yet even begun to feel the pain of the wave of defaults this is going to cause. They’ll be bailed out at taxpayer expense, sure, but there’s no way they’re fairly valued with the shit that’s coming down the pike.

I have been loading up on Enbridge, I believe they are in a good position oil is going to flow through those pipelines no matter what the price of oil is.
Yes there is risk that companies that pay enbridge might run into trouble but there’s a lot of oil companies out there not all of them are retarded and over leveraged.
Also the natural gas division in Ontario is solid and will make money heating homes corona or not.

What’s anons opinion on Enbridge?

>>18385131
O ya I’m with you on that I think they could come down much more.
But this is also clown world so I continue to average in

>>18385173
Fair enough. I’ve been selling these rallies but I’ll move back in when I see opportunities. Quarterly numbers will be a doozie.

>>18384780
Probably never. Good things don't happen in this shithole, only bad things.

>>18385159
I like it. Also IPL and PPL. I think all 3 are very solid.

>>18380884
Lmao did a stock project on this company and getting fucking PTSD. They’re a royalty based stock. Not full financials. Simply cause their pizza tastes like cardboard I’m not gonna invest.

>>18378057
My banks financial advisors laughed at me for switching to wealthsimple instead of using the banks TFSA

>>18385318
Trying to jew you into their outrageous fees of course.

>>18385102

>Banks

Yeah, fuck no.

Ridiculously exposed to bad residential loans in the most leveraged residential real estate market in the world.

No thanks.

And good luck ever trying to understand the balance sheet and debt structure of a bank.

Only retards and absolute financial wizards invest in banks. You're just a retard.

>>18385445
Canadian banks are real estate are hyper-solid because canada is about as corrupt as brazil.

>>18385318
This>>18385417

My favourite preferred share DFN.TO cut their dividends this month.