Full episode: Market Call for Tuesday, November 19, 2019
Barry Schwartz, chief investment and portfolio manager at Baskin Wealth Management
Focus: North American large caps
As we march into 2020, it appears that investors are discounting all the negative headlines they worried about only a few months ago, and for good reason. If we can get a trade agreement between U.S. and China, animal spirits can take over and begin to drive business confidence higher. Central banks continue to be very accommodative and that is the best scenario for equity investors. No question, stocks are at all-time highs. But they should be when earnings are at record levels, unemployment is at near-record-low levels and interest rates are at science fiction lows. We see a major rebound in earnings growth in 2020, which should continue to drive North American stock prices higher. We see no reason to rebalance equities back to bonds in the current environment. We think investors should continue overweight high-quality, profitable companies and focus their attention on ones that win out in a low-interest rate world.
TD raising dividend, plans to buy back up to 50 million shares
TD Bank Group kept pace with its peers in dishing out rewards to its shareholders on Thursday.
CIBC hikes dividend, plans buyback despite Q4 profit miss
Canadian Imperial Bank of Commerce joined its peers on Thursday in rewarding shareholders for their patience.
Vancouver home sales up nearly 12% in November from last year
The Real Estate Board of Greater Vancouver says November home sales increased by almost 12 per cent from last year as demand continued to outpace supply.
Apple falls on iPhone demand report, weighing on suppliers
Apple Inc. shares dropped after the iPhone maker was said to tell suppliers that demand for its flagship product has slowed, taking the shine off their recent record high.
BNN Bloomberg Advisor
Food prices climb closer to record, boosting inflation angst
Food prices climbed closer to a record high, giving consumers and governments around the world an even bigger inflation headache.
Billionaire Weston family agrees sale of Selfridges to Thai Central Group
The billionaire dynasty behind Selfridges & Co. agreed to sell the British department store operator to Thai conglomerate Central Group, according to a person familiar with the situation.
Half of Christmas shoppers finding items out of stock this year: Poll
Retailers and manufacturers have been warning Canadians for months to start their holiday shopping early this year as they struggle with labour shortages, shipping issues and production bottlenecks.
Calgary home sales soar 47% as buyers race to beat rate hikes
“Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise”