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.
Buffett spends record US$2.2B buying up Berkshire shares
Warren Buffett kicked his stock-buyback program into high gear, spending $2.2 billion on repurchases in the last three months of 2019, the most ever in a single quarter.
Time for blockades to end, leaders to work with feds: Trudeau
Prime Minister Justin Trudeau says after two weeks, barricades on rail lines and other major transportation routes have to come down.
Mortgage stress test changes are 'not significant': CIBC's Tal
Easing Canada’s mortgage stress tests will not have a material impact on Canada’s hottest housing markets, according to CIBC’s deputy chief economist.
Teck takes nearly $1B hit on Fort Hills, warns of Frontier charge
The Vancouver-based miner disclosed a $910-million, after-tax impairment on its stake in the Fort Hills project, as a result of what it describes as lower market expectations for future oil prices.
BNN Bloomberg Advisor
Paying down debt versus contributing to an RRSP: Sometimes it’s a no-brainer
The push is on to get Canadians to lower their 2019 tax bill by contributing to their registered retirement savings plans (RRSPs) before the March 2 deadline. We sure do love those refunds in the spring, but if you’re one of the growing number of Canadians mired in debt, those dollars are likely better spent paying it down.
'Swimming in debt': How one millennial is fighting to get out of the red
33-year-old Victoria Marck discusses the different kinds of debt she’s dealing with, and the advice she’s give to others who find themselves in a similar situation.
Board games from the ’80s getting reboots for nostalgic Gen Xers
Updated favorites are sweet nostalgia for parents—and they just might separate today’s teens from their smartphones.