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m0psxxm | Sold all my shares today and walking away happy from this latest run! | 3 | Raunchy_pigeon | 2024-12-06T15:08:57 | null | 3 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0psxxm/ | 1 | t3_1h7yvpn | t1_m0ps3iq | false | false |
m0ptiua | The historical average unemployment rate is 8% | 17 | No-Tackle-6112 | 2024-12-06T15:12:11 | null | 16 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0ptiua/ | 1 | t3_1h81kfq | t1_m0pmwdi | false | false |
m0ptj8f | We crippled one of our main exports which is going to impact GDP. Yeah, society is decaying as a whole, but you can't say that the 1.2M population inflows the past 2-3 years has been good for our housing and labour markets. I think we were unique and special at those proportions. I think anyone else would have had a slower rate of decay. Also, the crime lol, you ever read Bill C-75 and Bill C-5? Basically letting repeat offenders back onto the streets for added fun in our major metropolii.
US is chugging along, stock gains great. Canada has been stagnant. I hold gold as well, and that inert metal just trounced the TSX for at least this decade.
We can look forward to the CAD just dying further against the USD. We didn't even bother doing anything about the housing bubble over the past decade. It's too late now. It's absorbing all our capital leaving none for innovation and quality job creation.
The fact that Trudeau still has support astounds me, 6 straight quarters of negative GDP growth, and 0 GDP/capita growth since he was elected nearly 10 years ago. We were at parity with the US in 2010-11, now we are lagging 40%.
But yes, I agree that everything is breaking apart. | 3 | Strategos_Kanadikos | 2024-12-06T15:12:14 | null | 2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0ptj8f/ | 6 | t3_1h81kfq | t1_m0pss57 | false | false |
m0ptp4o | not a bad idea at least some canadians benefit instead of all of us getting boned | 1 | crumblingcloud | 2024-12-06T15:13:08 | null | -4 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0ptp4o/ | 3 | t3_1h81kfq | t1_m0pk4c5 | false | false |
m0ptxu6 | ppl assume it is a 1 to 1 transfer payment where government is 100% efficient wirh our tax dollars and only invest in positive NPV projects | 11 | crumblingcloud | 2024-12-06T15:14:29 | null | 9 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0ptxu6/ | 4 | t3_1h81kfq | t1_m0pqc5d | false | false |
m0pu3xi | not most americans most redditors who never touch grass | 1 | crumblingcloud | 2024-12-06T15:15:24 | null | -3 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pu3xi/ | 6 | t3_1h81kfq | t1_m0pss57 | false | false |
m0pub05 | What you are experiencing is a vibecession. | 71 | peshwai | 2024-12-06T15:16:31 | null | 70 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pub05/ | 1 | t3_1h81kfq | t1_m0pgxoh | false | false |
m0pukyc | Up again today. Crazy! | 5 | RailMillRob | 2024-12-06T15:18:03 | null | 4 | /r/CanadianInvestor/comments/1h77xxb/bmo_misses_expectations_on_higher_credit_loss/m0pukyc/ | 1 | t3_1h77xxb | t1_m0l9zoi | false | false |
m0puwaq | CWB delays earnings release...can't be good, down significantly. | 8 | throwaway1070now | 2024-12-06T15:19:47 | null | 8 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0puwaq/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0pv1dq | Time to buy CNQ? | 9 | skza | 2024-12-06T15:20:33 | null | 8 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0pv1dq/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0pv2wc | I hope all generations remember how bad of a choice he was, not just youth | 3 | Arthur_Jacksons_Shed | 2024-12-06T15:20:47 | null | -2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pv2wc/ | 2 | t3_1h81kfq | t1_m0pi3wn | false | false |
m0pveic | oh don't worry, keep voting for these clowns and we'll get there | 0 | stuffundfluff | 2024-12-06T15:22:33 | null | -9 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pveic/ | 2 | t3_1h81kfq | t1_m0ptiua | false | false |
m0pvemw | BMO is my largest holding so I’m enjoying the bump. I wonder if they’re driving it a bit by filling their issuer bid.
I think it’s also because they’ve been very conservative by taking large loan loss reserves. | 5 | WavyDaveH | 2024-12-06T15:22:34 | null | 4 | /r/CanadianInvestor/comments/1h77xxb/bmo_misses_expectations_on_higher_credit_loss/m0pvemw/ | 2 | t3_1h77xxb | t1_m0pukyc | false | false |
m0pvohk | YES finally someone who understands it.
Most of this country blames Trudeau and "progressives" for things happening in almost every single major economy in the world with various political strategies. | 4 | Singlehat | 2024-12-06T15:24:03 | null | 4 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pvohk/ | 6 | t3_1h81kfq | t1_m0pss57 | false | false |
m0pvp1q | As well the boomers, bud. | 3 | Individual_Visual927 | 2024-12-06T15:24:08 | null | 2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pvp1q/ | 3 | t3_1h81kfq | t1_m0pmijm | false | false |
m0pw0hn | Just funny you point to a below average unemployment rate as evidence the liberals have done a terrible job. | 16 | No-Tackle-6112 | 2024-12-06T15:25:53 | null | 16 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pw0hn/ | 3 | t3_1h81kfq | t1_m0pveic | false | false |
m0pw1md | Almost like it’s winter | 0 | Smoothbronco | 2024-12-06T15:26:03 | null | -6 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pw1md/ | 0 | t3_1h81kfq | t3_1h81kfq | false | false |
m0pwbsh | They had their houses and pension though. And my god, did those houses appreciate in value. They made out like bandits. Can't say the same for millennials or the two generations after lol... | 1 | Strategos_Kanadikos | 2024-12-06T15:27:36 | null | -1 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pwbsh/ | 4 | t3_1h81kfq | t1_m0pvp1q | false | false |
m0pwkj9 | Hahahah, it's funny because they can't afford to do anything about it, except maybe starve. LOL | 1 | ChuckVader | 2024-12-06T15:28:55 | null | -2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pwkj9/ | 4 | t3_1h81kfq | t1_m0ptp4o | false | false |
m0pwpm6 | The story is that the US is trouncing almost everybody economically. There stocks make up 60% of the market cap of the world.
But Canadians compare themselves to the US. In which case our gdp capita use to be on par. Now we are 2/3rds of theirs. Inflation adjusted gdp since 2015 grew by 1.9% compared to 14.7% in the US. Business investment and the private sector fell. Youth unemployment rate is like 15%. Meanwhile inflation and housing prices skyrocketed and record number of canadians are using food banks.
We compare our dollar to the US. We have family and friends there so naturally well compare ourselves to them.
But point taken that the rest of the world isnt doing so hot. That doesnt excuse trudeau though. | 1 | smokeyjay | 2024-12-06T15:29:41 | null | -2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pwpm6/ | 6 | t3_1h81kfq | t1_m0pss57 | false | false |
m0px3ei | What? If I sell my stocks I am not collecting divs which are my income or are you suggesting being a day trader to earn a living? | 1 | Simple_Throat_6523 | 2024-12-06T15:31:46 | null | 0 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0px3ei/ | 6 | t3_1h7yvpn | t1_m0poe9q | false | false |
m0pxjhz | ive swapped to Money market since its paying 3.8 %.. i dont like bond funds anymore. | 2 | cityhunterspeee | 2024-12-06T15:34:12 | null | 2 | /r/CanadianInvestor/comments/1h7pzqe/how_to_diversify_the_fixed_stuff/m0pxjhz/ | 0 | t3_1h7pzqe | t3_1h7pzqe | false | false |
m0pxjt6 | HELP!!! TD STOCK IS crashing what do I do | 1 | tubs777 | 2024-12-06T15:34:15 | null | -6 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0pxjt6/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0pycj4 | the trend is going up and up
youth unemployment is at 15% | 7 | stuffundfluff | 2024-12-06T15:38:36 | null | 3 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pycj4/ | 4 | t3_1h81kfq | t1_m0pw0hn | false | false |
m0pylb9 | Turd Dominion | 3 | DrStrangulation | 2024-12-06T15:39:55 | null | 3 | /r/CanadianInvestor/comments/1h7872s/canadas_td_bank_quarterly_profit_falls_on_us/m0pylb9/ | 0 | t3_1h7872s | t3_1h7872s | false | false |
m0pyro8 | I set TD buy orders at $70, $65, and $60 - DCA until retirement (35 years). Good luck fellow TD holders | 4 | noobstockinvestor | 2024-12-06T15:40:51 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0pyro8/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0pysed | My bank stocks are flying! | 4 | kingofwale | 2024-12-06T15:40:58 | null | 4 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pysed/ | 0 | t3_1h81kfq | t3_1h81kfq | false | false |
m0pyvs0 | CAD becoming worthless and US market climbing... holding cash is too punitive | 3 | uwvirgin | 2024-12-06T15:41:28 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0pyvs0/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0pzg94 | Nope, I'm saying that the proceeds from selling your stock can be your income. It's the same thing. | 2 | IceWook | 2024-12-06T15:44:29 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0pzg94/ | 7 | t3_1h7yvpn | t1_m0px3ei | false | false |
m0pzp1x | 80% of Canada's debt is held by Canada. We are paying that interest back to ourselves. That interest is funding my pension. | 15 | dekusyrup | 2024-12-06T15:45:46 | null | 15 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pzp1x/ | 4 | t3_1h81kfq | t1_m0pmmol | false | false |
m0pztdu | Guess it's not counting people in my position, lost my full time job, and now going from super short contract to super short contract with a lot of gaps and pay cuts. A lot of job insecurity.
I don't blame the government, my job wasn't taken by someone else, it just disappeared.
Government isn't going to save film, vfx, games, no parties can.
Job markets globally seem to be in a bad state, don't assume voting someone else in will fix this. | 20 | cosmic_dillpickle | 2024-12-06T15:46:25 | null | 18 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pztdu/ | 0 | t3_1h81kfq | t3_1h81kfq | false | false |
m0pzxo9 | It’s down since January of this year and the average youth unemployment rate is 15% and is currently 13.9. But go off.
I’m not saying the liberals have done a good job but at least get your evidence straight.
Edit: so it’s a downward trend since this summer? LOL | 7 | No-Tackle-6112 | 2024-12-06T15:47:03 | null | 5 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0pzxo9/ | 5 | t3_1h81kfq | t1_m0pycj4 | false | false |
m0q0dus | [https://www150.statcan.gc.ca/n1/daily-quotidien/240906/dq240906a-eng.htm](https://www150.statcan.gc.ca/n1/daily-quotidien/240906/dq240906a-eng.htm)
>On average from May to August 2024, the unemployment rate for returning students aged 15 to 24 was 16.7%, up from 12.9% in 2023. The unemployment rate for the summer of 2024 was the highest since 2012 (when it was 17.6%), excluding the summer of 2020. | 8 | stuffundfluff | 2024-12-06T15:49:26 | null | 5 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0dus/ | 6 | t3_1h81kfq | t1_m0pzxo9 | false | false |
m0q0geh | Don't forget 65% of 🇨🇦 GDP is directly tied to the neighbors to the south. When they do well, we ~~do well~~ **used** to do well 💡 | 1 | l3luntl3rigade | 2024-12-06T15:49:49 | null | 0 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0geh/ | 7 | t3_1h81kfq | t1_m0pwpm6 | false | false |
m0q0h9t | I hope A.I. will be put in charge of the world. All the data is readily available about the populace now. All the decisions should be data based, not what some person or some politician or prime minister or senator thinks. Down with democracies and socialism we need a new way of governing that is totally data based. For the first time in human history, we will have the capability to monitor every citizen and help them based on their data. | 1 | iicecreammannn | 2024-12-06T15:49:56 | null | -11 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0h9t/ | 3 | t3_1h81kfq | t1_m0pk4c5 | false | false |
m0q0jik | I didn't lose my job because of immigration, the work dried up...
5 years ago homes were still pricey we weren't complaining about immigration then.. | 6 | cosmic_dillpickle | 2024-12-06T15:50:17 | null | 4 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0jik/ | 2 | t3_1h81kfq | t1_m0pnr44 | false | false |
m0q0s5t | Why are people blaming just JT? It's happening globally. | 10 | cosmic_dillpickle | 2024-12-06T15:51:33 | null | 9 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0s5t/ | 2 | t3_1h81kfq | t1_m0prhrv | false | false |
m0q0xn9 | Absolutely, one that is free of democracy and what constituents actually want. I am sure that whomever administers the AI or designs the guardrails can be trusted with what is effectively absolute power. | 6 | ChuckVader | 2024-12-06T15:52:22 | null | 2 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q0xn9/ | 4 | t3_1h81kfq | t1_m0q0h9t | false | false |
m0q14rt | Yeah, I’m feeling it. One of the few in my friend group to own a home thankfully | 1 | Gotl0stinthesauce | 2024-12-06T15:53:25 | null | -5 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q14rt/ | 3 | t3_1h81kfq | t1_m0prucl | false | false |
m0q17xu | You're forgetting the cornerstone of sound fiscal policy: budgets balance themselves. Sunny ways my friends, sunny ways!
https://youtu.be/5VgNEsWx9pI?si=mSleJNtmwCeU6oqF | 11 | Necessary-Shallot976 | 2024-12-06T15:53:53 | null | 11 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q17xu/ | 1 | t3_1h81kfq | t1_m0pgasi | false | false |
m0q1997 | I don't see this mentioned yet, but the article has been updated to say "...since January 2017". Other than during the pandemic we just hit an almost 8 year record. | 5 | hobojoe3rd | 2024-12-06T15:54:05 | null | 3 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q1997/ | 0 | t3_1h81kfq | t3_1h81kfq | false | false |
m0q1h77 | I don't even know why they would consider spinning that off. It's the envy of retailers. | 19 | Decent-Ground-395 | 2024-12-06T15:55:17 | null | 12 | /r/CanadianInvestor/comments/1h82qw6/canadian_tire_to_keep_financialservices_business/m0q1h77/ | 0 | t3_1h82qw6 | t3_1h82qw6 | false | false |
m0q1irz | Yeah, it fucking blows. I've had six figures on the sidelines for a couple of years now, for an eventual house purchase. Hindsight is always 20/20, but I can't help but think I should have just taken my chances and invested it instead. Worst case, I'd have stay in my cheap (for Toronto) rental for another couple of years (although I'm sick and tired of apartment living, and the city in general.) | 5 | ImperialPotentate | 2024-12-06T15:55:30 | null | 4 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q1irz/ | 1 | t3_1h7yvpn | t1_m0pyvs0 | false | false |
m0q1mkk | This post was removed as it provides no real content or information. Personal feelings about stocks and thoughts should definitely be shared but should be done in the Daily Discussion threads.
No penny stocks. | 1 | CanadianInvestor-ModTeam | 2024-12-06T15:56:04 | null | 1 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q1mkk/ | 2 | t3_1h81kfq | t1_m0pisfp | false | false |
m0q1oz8 | If you're losing sleep over it, just sell it and buy something else. I'm considering selling mine cause I'm sick of knowing it exists. | 6 | RedEyeAngel72 | 2024-12-06T15:56:26 | null | 6 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q1oz8/ | 1 | t3_1h7yvpn | t1_m0pxjt6 | false | false |
m0q1rh7 | This comment did not contribute positively to the conversation or community, or was a politically focused comment not related to the topic or investment topics. Please keep the conversation civil and topical. | 1 | CanadianInvestor-ModTeam | 2024-12-06T15:56:48 | null | 0 | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/m0q1rh7/ | 1 | t3_1h81kfq | t1_m0pfuig | false | false |
m0q1yqr | Xeqt been on a steady climb this week. | 13 | Larkalis | 2024-12-06T15:57:51 | null | 13 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q1yqr/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0q20kj | Dude just wait a few years and you'll be able to get a mega yacht for Brookfield and each of its spinoffs. That speaks louder than a tattoo. | 9 | RedEyeAngel72 | 2024-12-06T15:58:08 | null | 8 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q20kj/ | 1 | t3_1h7yvpn | t1_m0prsmp | false | false |
m0q2sso | it's the most short sold bank stock for a while. who knows when the bottom will come.
I sold my retail shares at around $80 and moved my $ into VFV and I'm up 8% since, so people are moving their money, but not necessarily into BMO, although I do hold BMO since 2020 and I don't regret it now. | 2 | JackRadcliffe | 2024-12-06T16:02:16 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q2sso/ | 1 | t3_1h7yvpn | t1_m0pn7z5 | false | false |
m0q31ij | 2022 Gambling Mikkee vs 2024 Gambling Mikkee. | 7 | DustyBowls | 2024-12-06T16:03:34 | null | 6 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q31ij/ | 1 | t3_1h7yvpn | t1_m0pnhu2 | false | false |
m0q35cp | Yup 2022 was the opposite | 2 | GamblingMikkee | 2024-12-06T16:04:08 | null | 1 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q35cp/ | 2 | t3_1h7yvpn | t1_m0q31ij | false | false |
m0q40cl | The average r/CanadianInvestor counting his bags w/ TD, BCE and AQN while logical and easy choices like VFV and TEC are flying to the moon. | 14 | giggy13 | 2024-12-06T16:08:47 | null | 11 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q40cl/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0q43xx | VFV protects you a little bit | 4 | giggy13 | 2024-12-06T16:09:18 | null | 4 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q43xx/ | 1 | t3_1h7yvpn | t1_m0pyvs0 | false | false |
m0q4bby | Hindsight is always 20/20 indeed.
We all would like to go back a year or 2 and buy $BTCC at 5$ knowing it's 20$ today. | 5 | giggy13 | 2024-12-06T16:10:25 | null | 5 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q4bby/ | 2 | t3_1h7yvpn | t1_m0q1irz | false | false |
m0q4dbr | nothing | 4 | giggy13 | 2024-12-06T16:10:42 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q4dbr/ | 1 | t3_1h7yvpn | t1_m0pxjt6 | false | false |
m0q4i12 | The only Canadian thing about them is their HQ is officially in Ottawa but everything else is American, even their book is in $USD. | 5 | giggy13 | 2024-12-06T16:11:24 | null | 4 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q4i12/ | 1 | t3_1h7yvpn | t1_m0psiwm | false | false |
m0q5gn2 | But this craziness could go on for a long long time still or it could all end next week.
Imagine the lost decade scenario when you wanted to buy a house.
You followed the rules and objective to protect your capital with luckily getting better interest rates we have had in years. So not that bad at all. | 3 | goldbergew | 2024-12-06T16:16:31 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q5gn2/ | 2 | t3_1h7yvpn | t1_m0q1irz | false | false |
m0q6nun | Well yeah, at least I'm covered there, since I have the better part of a whole Bitcoin in cold storage, with a cost base under $35K. Stiil, though, I was thinking of getting an ETF inside my TFSA for tax-free gains going forward, but feel like I've missed this cycle. | 1 | ImperialPotentate | 2024-12-06T16:22:54 | null | -1 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q6nun/ | 3 | t3_1h7yvpn | t1_m0q4bby | false | false |
m0q6zpm | Yeah, it could certainly be worse. I mean, I'm beyond coastFIRE with the invested portion of my net worth anyway. My issue is analysis paralysis, I'm having trouble actually executing on the house thing while the cash sits there decaying. I need to buy a damn car first (haven't owned one in 25 years) then start taking road trips to LCOL areas, then actually looking for and buying the house itself... Its all just so daunting for a guy who really hates change, or putting in any effort beyond the minimum, for that matter. | 0 | ImperialPotentate | 2024-12-06T16:24:39 | null | -3 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q6zpm/ | 3 | t3_1h7yvpn | t1_m0q5gn2 | false | false |
m0q7v35 | You will feel much better once you decide to either do it or say no.
I feel suffering in purgatory of analysis paralysis is much worst than the actual change IMO.
Think of the Cash gang, they are torturing themselves for years or some even for decades now waiting for that perfect time like a 50% to 60% crash. A 20% crash is not good enough for them, they want more hah. | 1 | goldbergew | 2024-12-06T16:29:16 | null | 1 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q7v35/ | 4 | t3_1h7yvpn | t1_m0q6zpm | false | false |
m0q7zbu | I sold all of mine yesterday at a 25% profit. I've ridden that stock up and down for too long and decided to get out while I was ahead. | 2 | xena_70 | 2024-12-06T16:29:53 | null | 1 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q7zbu/ | 1 | t3_1h7yvpn | t1_m0ps3iq | false | false |
m0q80ym | Because there is not much room for growth. End of conversation. | 93 | niceee_guyyy | 2024-12-06T16:30:07 | null | 92 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0q80ym/ | 0 | t3_1h85775 | t3_1h85775 | false | false |
m0q877k | Because, in essence, they are money making machines and always have been.
Look at a 10 year chart for any of the banks and they all look like the exact same ski slope heading for the moon with just a few bumps along the way.
Why so many people (and pensions) rely on the "big 5" as a cornerstone of their investments. | 4 | Reddit_Only_4494 | 2024-12-06T16:31:02 | null | 4 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0q877k/ | 0 | t3_1h85775 | t3_1h85775 | false | false |
m0q8fyl | You always have to enter the exact quantity. Also you bought VOO in the CAD side? If so, when you sell it you will go through another FX. You will lose a bit on the spread (probably around $70 - $80 on a $5,000 trade). Have that position moved over to the US side and keep it. | 2 | FinanceExpert1 | 2024-12-06T16:32:18 | null | 1 | /r/CanadianInvestor/comments/1h83sw4/selling_partial_shares/m0q8fyl/ | 0 | t3_1h83sw4 | t3_1h83sw4 | false | false |
m0q8oti | Wonder why the delay. Is it to give the Board and management time to dump holdings.🤣 | 3 | Simple_Throat_6523 | 2024-12-06T16:33:35 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q8oti/ | 1 | t3_1h7yvpn | t1_m0puwaq | false | false |
m0q8xhq | [deleted] | -6 | None | 2024-12-06T16:34:51 | null | -8 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0q8xhq/ | 1 | t3_1h85775 | t1_m0q80ym | false | false |
m0q91ik | META on a monster run. Close to almost 600% since October 2022, you know when this sub said "Who even uses Facebook anymore?" | 5 | goldbergew | 2024-12-06T16:35:25 | null | 4 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q91ik/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0q99ss | So you are saying sell my portfolio and live the rest of my days on my current balance.
Do you understand what dividends are? | 1 | Simple_Throat_6523 | 2024-12-06T16:36:38 | null | 1 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0q99ss/ | 8 | t3_1h7yvpn | t1_m0pzg94 | false | false |
m0q9n5z | What | 3 | LetsGetLitPlease | 2024-12-06T16:38:35 | null | 3 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0q9n5z/ | 2 | t3_1h85775 | t1_m0q8xhq | false | false |
m0q9u96 | And any growth they could have is payed out in dividends. | 17 | CoastingUphill | 2024-12-06T16:39:36 | null | 17 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0q9u96/ | 1 | t3_1h85775 | t1_m0q80ym | false | false |
m0qa22q | 15 is actually high for banks. They're usually at 10 | 47 | Cazmir86 | 2024-12-06T16:40:43 | null | 45 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qa22q/ | 0 | t3_1h85775 | t3_1h85775 | false | false |
m0qa9t1 | Is that universally true? Low p:e could be due to high price matching high earnings (ie little room for growth), or low price matching low earnings (ie lots of room for growth). These banks are mature and stable, so I'd suspect the former. I'm just learning though, so if you could explain I'd appreciate it. | 0 | alwaysleafyintoronto | 2024-12-06T16:41:51 | null | -1 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qa9t1/ | 2 | t3_1h85775 | t1_m0q8xhq | false | false |
m0qahdk | You don't understand.
We are talking about growth in earnings not share price.
If the earnings can't really expand by tapping into additional markets, then people won't pay for speculation. | 5 | Lovv | 2024-12-06T16:42:56 | null | 2 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qahdk/ | 2 | t3_1h85775 | t1_m0q8xhq | false | false |
m0qaq7e | What metric is used to track potential growth in earnings? | 2 | SaffronSamber | 2024-12-06T16:44:14 | null | 1 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qaq7e/ | 3 | t3_1h85775 | t1_m0qahdk | false | false |
m0qaw7r | Try parking your CAD in a US Savings account.
Bank of Canada is about to lower interest rates for sure next week, and there is an increasing chance US FOMC will not lower interest rates in 2 weeks. | 1 | phileo99 | 2024-12-06T16:45:06 | null | 1 | /r/CanadianInvestor/comments/1h7a6gy/where_to_park_cash_for_tfsa_with_rbc/m0qaw7r/ | 0 | t3_1h7a6gy | t3_1h7a6gy | false | false |
m0qawya | P/E ratios will vary greatly between sectors & industries. When comparing ratios, you need to compare apples to apples | 10 | thundermoneyhawk | 2024-12-06T16:45:12 | null | 8 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qawya/ | 0 | t3_1h85775 | t3_1h85775 | false | false |
m0qbapa | There is only forward PE afaik.
You can't really track something that is completely unknown and if you had an accurate number most would keep that to themself. | 1 | Lovv | 2024-12-06T16:47:09 | null | 0 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qbapa/ | 4 | t3_1h85775 | t1_m0qaq7e | false | false |
m0qbk9b | Oh that’s good to know. I was just going off of most sources on the internet saying 20-25 is average. Seems like there’s nothing good to buy right now, there were so many opportunities at the start of the year, Brookfield, Loblaws, VEQT, banks, crypto now it’s all overvalued. | 9 | TungstenEnthusiast | 2024-12-06T16:48:32 | null | 9 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qbk9b/ | 1 | t3_1h85775 | t1_m0qa22q | false | false |
m0qbkx5 | Any rumour? | 3 | le_bib | 2024-12-06T16:48:38 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qbkx5/ | 1 | t3_1h7yvpn | t1_m0puwaq | false | false |
m0qbl0q | So a lower forward PE than the original PE is a good speculative indicator that the price is going to increase? | 2 | SaffronSamber | 2024-12-06T16:48:39 | null | 0 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qbl0q/ | 5 | t3_1h85775 | t1_m0qbapa | false | false |
m0qbwwe | The average PE for the tsx is 14.8 | 8 | somelspecial | 2024-12-06T16:50:20 | null | 7 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qbwwe/ | 0 | t3_1h85775 | t3_1h85775 | false | false |
m0qc6ez | Yes. That’s exactly what I’m suggesting, because it’s the same thing, despite the illusion that dividends are some different type of income.
Dividends are cash flow from the company paid out to you. Instead, you could invest in equities that reinvest the cash flow into the business, and simply sell the amount you need to live off of it.
You might not think it’s the same, but it is. | 2 | IceWook | 2024-12-06T16:51:42 | null | 0 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qc6ez/ | 9 | t3_1h7yvpn | t1_m0q99ss | false | false |
m0qcfia | Does this mean that CIBC is a good buy right now and TD should be avoided? | 1 | TungstenEnthusiast | 2024-12-06T16:53:01 | null | -5 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qcfia/ | 1 | t3_1h85775 | t1_m0qawya | false | false |
m0qco6f | Everything seems to be expensive today so use percaution. Look at the US, they have a forward PE of 22.5 (maybe 23), during the dot com it was 23.5x forward PE. This either means something big is about to happen or we'll have a lost decade.
Also look into credit markets, nothing looks healthy at the moment.
If investing take caution. Still invest, just don't invest anything you might need in the short term and Keep money on hand
Edit: in the short term, use money markets at the very least. This includes down payments or emergency funds. | 9 | Cazmir86 | 2024-12-06T16:54:17 | null | 7 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qco6f/ | 2 | t3_1h85775 | t1_m0qbk9b | false | false |
m0qd3qm | What a week for Transalta | 5 | TheRastafarianRabbi | 2024-12-06T16:56:27 | null | 4 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qd3qm/ | 0 | t3_1h7yvpn | t3_1h7yvpn | false | false |
m0qdaqs | Potentially, but it's very likely if the forward PE is way better than expected then the stock would have already reacted and would be priced accordingly based on the risk it won't make it there.
I would say it's more accurate that if a forward PE is very low and the stock price also does not react then chances are there is something else investors don't love.
Mayne their forward PE is assuming interest rates don't go up and they have a lot of debt heading into a recession. | 3 | Lovv | 2024-12-06T16:57:28 | null | 2 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qdaqs/ | 6 | t3_1h85775 | t1_m0qbl0q | false | false |
m0qdnm1 | U can look into company’s earning guidance for the future which is given out and adjusted quarterly | 1 | niceee_guyyy | 2024-12-06T16:59:21 | null | -1 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qdnm1/ | 4 | t3_1h85775 | t1_m0qaq7e | false | false |
m0qe5yd | Look. Everything is priced in, all the things u see and know, the whole world sees and knows. The idiosyncratic catalysts for driving share prices up is increased guidance and beating earnings expectations. Thats it. | 1 | niceee_guyyy | 2024-12-06T17:02:00 | null | 0 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qe5yd/ | 6 | t3_1h85775 | t1_m0qbl0q | false | false |
m0qete6 | You are assuming the market always goes up. In a flat or down market sellings stocks at a loss to live on is the worst atrategy ever. Dividends are paid regardless of market performance.
I know I am going recieve my divvies next year whether the markets runs or crashes.
Maybe we just splitting hairs😁 | 2 | Simple_Throat_6523 | 2024-12-06T17:05:25 | null | 2 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qete6/ | 1 | t3_1h7yvpn | t1_m0qc6ez | false | false |
m0qfnn9 | True. Our Ottawa tech startup 25 years ago did this. Even the software we sold to Canadian enterprises was in US$ | 1 | Alph1 | 2024-12-06T17:09:47 | null | 0 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qfnn9/ | 2 | t3_1h7yvpn | t1_m0q4i12 | false | false |
m0qgeeb | This isn’t entirely accurate. The reason a stock or industry have low PE multiples isn’t solely tied to lack of growth. It’s a combination of factors cyclicality being another significant factor in determining market multiples. | 10 | Significant_Wealth74 | 2024-12-06T17:13:37 | null | 9 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qgeeb/ | 1 | t3_1h85775 | t1_m0q80ym | false | false |
m0qgysi | The strategy is best for high earners. Based on the most recent tax brackets:
The first 57k or so gets taxed at 15%. 57k-114k gets taxed at 20.5. 114k-177 gets taxed at 26%.
Assume you make 125k. That means that from 114k-125k you'd be taxed 26%.
So if you contribute 11k to an rrsp/fhsa your taxable income would be 114. You save that 11k from being taxed 26%.
Later in life when you buy a home you can withdraw the fhsa tax free or when you retire you can withdraw that 11k when your income would fall into the lower brackets.
The strategy is usually for higher salary earners to defer their income to a point later in life where they make less, therefore get taxed less.
In your case it wouldn't shelter you from higher taxes from brackets because your salary isn't crossing many brackets. If you made over 114 it might make more sense.
you could still contribute some to an rrsp so it's not taxed at 20.5% and when you retire/withdraw it and make less than 53k it would be taxed at a more favorable rate. If you owe taxes, sometimes people will make an rrsp contribution in the first 60 days so they don't owe (or get a refund). Then they take that refund and further invest it.
Rrsp reducing taxable income is an incentive from the government to have people contribute to their rrsp and save for retirement. The issue is that the money gets locked up for house, reeducation or retirement.
For lower earners, usually a tfsa offers more flexibility and let's your money grow tax free. Gains in a tfsa are not taxed, gains in an rrsp will be taxed eventually. | 1 | throwawaysleepvessel | 2024-12-06T17:16:32 | null | 1 | /r/CanadianInvestor/comments/1h6wbyj/strategic_tfsa_withdrawals/m0qgysi/ | 4 | t3_1h6wbyj | t1_m0ot1nv | false | false |
m0qheby | I see now. My next bracket In Quebec would be at 103k. Maybe one day. | 1 | kladen666 | 2024-12-06T17:18:45 | null | 1 | /r/CanadianInvestor/comments/1h6wbyj/strategic_tfsa_withdrawals/m0qheby/ | 5 | t3_1h6wbyj | t1_m0qgysi | false | false |
m0qi9zy | So I bought a dollar amount of VOO in August which wasn’t an exact share amount. I want to sell the entirety of it but I can only put 10 or 11 shares in to the sale so I’m wondering so I sell the whole amount with the partial shares | 1 | Individual-Note-6996 | 2024-12-06T17:23:18 | null | 0 | /r/CanadianInvestor/comments/1h83sw4/selling_partial_shares/m0qi9zy/ | 1 | t3_1h83sw4 | t1_m0q8fyl | false | false |
m0qikt7 | Sounds about right. I regret the day I thought TD was cheap | 8 | DragonScimmy100 | 2024-12-06T17:24:53 | null | 8 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qikt7/ | 1 | t3_1h7yvpn | t1_m0q40cl | false | false |
m0qiltc | Past year + | 6 | Yolo_Swaggins_Yeet | 2024-12-06T17:25:02 | null | 5 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qiltc/ | 1 | t3_1h7yvpn | t1_m0q1yqr | false | false |
m0qj0dv | You are such a cheerful fellow, have a great weekend! | 0 | IMWTK1 | 2024-12-06T17:27:09 | null | 0 | /r/CanadianInvestor/comments/1h76n0j/daily_discussion_thread_for_december_05_2024/m0qj0dv/ | 3 | t3_1h76n0j | t1_m0mbq3a | false | false |
m0qj6le | I sold my tec at 35 thinking it was getting a bit frothy. Oops | 10 | Hoof_Hearted12 | 2024-12-06T17:28:02 | null | 8 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qj6le/ | 1 | t3_1h7yvpn | t1_m0q40cl | false | false |
m0qjdzz | I scanned, couldn't find. Short attack? NA takeover issues? Went down approx 10%, now bounced back, down 5%. No gravy on those Costco fries for 2025. | 1 | throwaway1070now | 2024-12-06T17:29:06 | null | 0 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/m0qjdzz/ | 2 | t3_1h7yvpn | t1_m0qbkx5 | false | false |
m0qjfyj | 20-25 isn’t even average, everything is through. The roof right now | 16 | Arrrrrrrrrrrrrrrrrpp | 2024-12-06T17:29:24 | null | 16 | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/m0qjfyj/ | 2 | t3_1h85775 | t1_m0qbk9b | false | false |
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