The Globe and Mail Media Bias

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BMO strategist updates his list of top picks for dividend growth stocks - The Globe and Mail

investing

“Our base case for 2023 continues to see the Canadian banks muddle through a mild recession as a challenging year for revenue growth is not expected to spill over into a ‘recession-style’ spike in loan loss provisions despite rapidly rising rates. That relatively benign macro outlook underpins our EPS estimates for F2023, and we believe Street numbers as well. However, it also means that the outlook for credit is in fact the key risk to bank estimates for the year ahead … Our analysis shows that on average there is about 10 per cent downside to numbers if PCL ratios end up double our current estimates.
The Globe and Mail     Jan 13, 2023

Wednesday's upgrades and downgrades - The Globe and Mail

investing

Despite a “weak” finish to 2022, energy equity analysts at National Bank Financial are optimistic about the fortunes for Canada’s energy industry this year, seeing it as “down, but not out” and expecting macro tailwinds to mitigate potential concerns moving forward.
The Globe and Mail     Jan 13, 2023

U.S. junk loan investors brace for increase in downgrades and defaults

investing

Collateralized loan obligation (CLO) vehicles own roughly two-thirds of the U.S.’s low-grade corporate loans – but may be forced to reduce their exposure because of credit downgrades, which could unsettle the markets and make it harder for companies to obtain financing.
The Globe and Mail     Jan 12, 2023

Future of Canadian space company Telesat uncertain as concerns rise over ability to pay off debts - The Globe and Mail

business

After half a century of operation, Telesat – one of Canada’s largest and oldest communications companies – is trying to transform itself with a new constellation of satellites. But after years of delays, analysts are increasingly concerned about the former Crown corporation’s ability to pay off its debts.
The Globe and Mail     Jan 11, 2023

A Canadian stock is among Morgan Stanley's top North American ...

investing

“Friday Not a Short-Covering Rally. The Wells Fargo ‘Most-Shorted’ Portfolio (WFSSHORT) underperformed on Friday, as did higher-risk stocks. Value factors outperformed. This suggests Friday’s rally may be more durable than some expect, as it was driven by a pro-cyclical post-jobs report reaction—not by risk/short-covering. Oddly, this market action probably creates some positive investor sentiment since long-only’s are making money and short-sellers are faring better than one might expect.”
The Globe and Mail     Jan 11, 2023

Landslide reshapes popular climbing spire in B.C.

Snowpatch Spire, one of the granite peaks sprouting out of a glacier in Bugaboo Provincial Park, shed part of its northeast face in a landslide last month. “The Bugs” are revered among the mountaineering set and the Snowpatch rockfall wiped out nearly two dozen rock-climbing routes, including the well-known Sunshine Crack.
The Globe and Mail     Jan 11, 2023

Energy price volatility to continue in 2023 amid geopolitical ... - The Globe and Mail

business

Other major factors for oil prices have included OPEC-plus production cuts and moves to cap the price of Russian crude which Deloitte says could lead to disturbances in global supply, while natural gas prices have been influenced by regional weather forces and storage levels, especially in Europe.
The Globe and Mail     Jan 11, 2023

Most workers are distracted by financial anxiety and it is hurting ...

business

The study found 61 per cent of respondents are more worried about their finances than they were a year ago. Furthermore, 82 per cent of those who are feeling stressed say those concerns are affecting workplace productivity, with nearly a quarter spending an hour or more distracted by money problems. Based on Canada’s average hourly wage, that amounts to nearly $50-billion a year in lost productivity alone.
The Globe and Mail     Jan 10, 2023

Knix founder says sale of a majority stake in her women's underwear ...

business

So last year’s sale of the underwear and apparel brand she founded, Knix Wear Inc., to Swedish hygiene products giant Essity – a deal that valued the company at roughly $500-million – was public confirmation of what Ms. Griffiths had always believed: namely, that period-proof underwear and other products targeted to women’s needs could generate real value. As she looks back on 2022, she’s feeling vindicated.
The Globe and Mail     Jan 10, 2023

Home of the Week: The horse farm slowly turned vineyard - The Globe and Mail

lifestyle

Ironically, they had wanted to buy the acreage for lifestyle and practical reasons: there was a horse barn on site and they were hoping to save on boarding fees for their 12-year-old daughter’s increasing needs as she pursued equestrian sports and acquired new mounts.
The Globe and Mail     Jan 10, 2023

2023 is shaping up to be the year of the multi-family house - The Globe and Mail

Multiple generations of families living together on the same property has become a growing trend the last few years, particularly during the pandemic. In response, governments have stepped up with policies designed to aid the multigenerational ownership process along.
The Globe and Mail     Jan 10, 2023

New Canadian laws for 2023 and how they'll affect you - The Globe and Mail

A new year brings new rules. As of Jan. 1 and throughout the year, a slew of new laws will come into effect, including changes on who can buy homes in Canada, increases to hourly minimum wages, and new limits on tax-free savings account contributions.
The Globe and Mail     Jan 10, 2023