Author: Alexander Lee

Investing is a significant step towards securing your financial future, and determining where to allocate your funds is a crucial decision. As a beginner, starting with a globally diversified, low-cost index exchange-traded fund (ETF) can be a suitable option. An index ETF allows individuals, particularly those new to investing, to own a fully diversified portfolio without the need for extensive investment knowledge or active management. By investing in thousands of stocks worldwide, spanning various market sectors and company sizes, an index ETF provides both growth and dividend returns. Additionally, these ETFs include bonds issued by governments and corporations globally, enhancing…

For over four years, the Canadian entertainment company, Cineplex, has experienced significant challenges that have impacted its operations and profitability. Factors such as pandemic lockdowns, indoor capacity restrictions, and Hollywood strikes have contributed to the undervaluation of Cineplex stock. Investors have been eagerly awaiting a recovery for Cineplex post-pandemic, but delays in Hollywood content production and industry-wide strikes have hindered this process. However, with the release of several Hollywood blockbusters this year and more scheduled for the future, there is optimism that Cineplex stock may finally gain momentum. Despite these positive developments, concerns remain about the economic environment and market…

The largest company in East Africa is facing challenges in Ethiopia due to the recent devaluation of the country’s currency after five decades of being pegged. This devaluation has caused a significant depreciation of the birr against the dollar, impacting the financial performance of Safaricom Plc’s subsidiary in Ethiopia. Safaricom Telecommunications Ethiopia Plc (STE) had initially aimed to break even within four years of entering the Ethiopian market, attracted by the large population and the monopoly in the wireless industry. However, analysts believe that the devaluation of the birr may delay this target as it increases debt-servicing costs and local-currency…

The largest company in East Africa may face challenges in achieving profitability in Ethiopia following the recent decision to allow the country’s currency to float freely for the first time in fifty years, leading to a significant depreciation of the birr against the dollar. Since the devaluation at the end of July, the birr has lost more than 44% of its value against the dollar, which will increase debt-servicing costs for Safaricom Plc’s local unit and raise local-currency expenses such as leases. Safaricom Telecommunications Ethiopia Plc (STE), a Kenya-based telecommunications operator, entered the Ethiopian market nearly two years ago, attracted…

Year-over-year inflation in July hit its lowest level in over three years, indicating a slowdown in the steep price hike experienced over the past four decades. This trend suggests a potential interest rate cut by the Federal Reserve in September. The latest report from the Labor Department revealed a modest 0.2% increase in consumer prices from June to July, with a 2.9% rise from a year earlier, marking the smallest gain since March 2021. The gradual decline in inflation could impact the upcoming presidential campaign, with former President Donald Trump criticizing the Biden administration for its handling of inflation and…

The Tax-Free Savings Account (TFSA) is recognized as a powerful wealth-building tool in Canada. By shielding dividends, interest, and capital gains from taxation, a TFSA can significantly enhance overall returns compared to holding investments in a taxable account. While the Registered Retirement Savings Plan (RRSP) also offers some tax benefits, RRSP funds become taxable upon withdrawal, whereas TFSA funds remain tax-free as long as the account rules are followed. This unique feature makes the TFSA an attractive account for holding investments, effectively transforming a portfolio into a tax-free source of passive income. To establish a TFSA “gold mine” with an…

Investing in the future potential of artificial intelligence (AI) can come with both risks and rewards. When considering whether AI stocks are overvalued, it is important to take a long-term view, such as looking at a 10-year horizon. In past instances, like during the mobile revolution of 2008, a company like Apple surpassed market leaders like BlackBerry, despite being perceived as overvalued at the time. The success of Apple’s disruptive iPhone proved that technology can defy traditional fundamentals and market expectations. This demonstrates that even companies with limited experience can outperform industry giants by harnessing the power of technology. Based…

Coppernico Metals, a mineral exploration company focused on world-class copper-gold deposits in South America, has commenced trading its shares on the Toronto Stock Exchange under the ticker symbol “COPR”. The company recently initiated drilling at its Sombrero copper-gold project located in Ayacucho, Peru. The shares of Coppernico Metals opened trading at C$0.30 on Tuesday and have experienced a 15% increase, reaching $0.345 as of 11:43 am ET on Wednesday. The company’s listing on the Toronto Stock Exchange follows the receipt of conditional approval from Canada’s leading exchange in July. Coppernico Metals’ drilling campaign at its Sombrero project in Peru involves…

On August 5, the stock markets experienced their largest decline in nearly two years, further exacerbating the previous week’s downturn that pushed the Nasdaq Composite Index into correction territory. Sectors including mining and healthcare witnessed a widespread decline, but it was the technology sector that bore the brunt of the sell-off. The high-performing stocks known as the “Magnificent Seven” collectively lost billions in market value in a single day as investors rushed to take profits amidst fears of a looming recession. The Market Online had the opportunity to speak with Albert Mason from Raymond James to gain insights into the…

Investors seeking stable income may consider Canadian dividend-paying stocks as a reliable option. The Toronto Stock Exchange (TSX) offers a variety of companies with appealing dividend yields and strong fundamentals to sustain their payouts over the long term. In this article, we will discuss three undervalued Canadian stocks that currently offer a minimum yield of 6%. These companies operate in various sectors of the Canadian economy, providing a hedge against market volatility. With the anticipation of declining interest rates, now could be an opportune time to secure these attractive high yields. SmartCentres Real Estate Investment Trust is a prominent choice…