While you are celebrating with your family or you simply enjoy the gentle snow falling on the street (the view from my home office is marvelous right now), well… I’m doing exactly the same! I’m taking a week off from this buzzing world to play Lego with my little one, to cook with my daughter, and to (still) beat my oldest son at NHL 2018 (Gotta love the Preds with PK!). I’m then leaving you with the Best of the Blog separated in three categories: The end of my one year trip Between June …
Investing is like Cooking – An Investing Guide for a Good Recipe
I like to describe myself as a man of many passions. In fact, I rarely do something if I’m not passionate about it. My passions include (but are not limited to!) investing and cooking. I just love my Fridays and Saturdays when I have the time to cook a good meal and accompany it with some music and a delicious bottle of wine. Interestingly enough, there are a lot of lessons to learn from cooking that can be applied to investing. Today, I want to use this analogy a little bit further to simplify …
Continue Reading about Investing is like Cooking – An Investing Guide for a Good Recipe
Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think
Wealthsimple holds $155.6 billion for 3.6 million clients. Assets are up 84% in one year. The second quarter alone added $30.8 billion, with roughly $17 billion of that arriving as net inflows. Now open Power Corporation's second quarter and look for the Wealthsimple line. You will find Great-West Lifeco at $871 million. You will find IGM Financial at $211 million. You will find Sagard at $33 million. You will not find Wealthsimple. That gap between the story and the statement is the …
Continue Reading about Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think
BMO and Scotiabank Earnings: Great Results at a 39% Premium
Scotiabank grew earnings per share 21% last quarter. BMO grew 22%. Both used the word record. Neither was exaggerating. This is the best week of the summer if you own Canadian banks, and it started about as well as it could have. I went through both quarters line by line looking for a problem. In the operations, I could not find one. I found something else instead. It is not in the results. It is in the price. Here is the short version. The growth is real. Most of it came from two …
Continue Reading about BMO and Scotiabank Earnings: Great Results at a 39% Premium
Two Quality Stocks Showing an Entry Point: Trane Technologies and AltaGas
Every building has to stay warm in winter and cool in summer. That never changes. What is changing is how much heating and cooling this economy demands, and who gets paid when that demand shows up. Data centers run hot, and the AI buildout is adding cooling load nobody planned for five years ago. At the same time, older homes and offices keep replacing aging furnaces and air conditioners, and that spending does not wait for a good economy. A furnace that dies in January gets replaced in …
Continue Reading about Two Quality Stocks Showing an Entry Point: Trane Technologies and AltaGas
Telus Stock: Can an 11% Dividend Turn This Story Around?
On December 3rd, 2025, Telus froze its dividend growth. Seven months later, the stock sits near a decade low, and the yield has climbed above 11%. That number looks like a gift. It is closer to a warning. If you still hold Telus (T.TO), you are probably nursing a hangover. Since the freeze, the stock is down about 11% including the dividend, while the broad Canadian market (XIU) is up 13.5%. That is a gap of more than 20 percentage points in seven months. So let me revisit the story, look …
Continue Reading about Telus Stock: Can an 11% Dividend Turn This Story Around?
