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Blog2019-05-16T12:45:55-04:00

The 2021 Federal Budget Speech

By |May 29th, 2020|

LOUIS XIV’S finance minister, Jean-Baptiste Colbert, famously declared that “the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.” While spending continues in response to the COVID pandemic, at some point the government will need to pluck some more feathers by finding ways to increase revenues to cover the debt. David drafts what the 2021 budget speech might possibly, but not hopefully, look like.

Shrug off your home country bias

By |May 19th, 2020|

It is easy for an investor to have home country bias: I live in Canada, I get paid in Canadian dollars, and I know and understand Canadian companies—as a result, my portfolio contains mostly Canadian assets. Even if you are stuck within Canadian borders until the Covid-19 pandemic slows down, it doesn’t mean your portfolio has to remain 100% Canadian.

How much is the Canadian dollar worth?

By |May 19th, 2020|

The COVID-19 pandemic is upending a lot of assumptions and giving forecasters fits as they try to assess what life is going to look like going forward. One area that is of interest to us as investors is the relative value of the Canadian dollar against the US dollar.High on the list of things that are hard to predict is the value of currencies. Forecasters, traders and economists spill oceans of ink and spend hours of time trying to guess (really, it is a guess) if the yen, the pound or the euro will go up or down, and how much. It is tempting just to ignore the whole question, but in order to do our job, we can’t.

Alternative Investing: no free lunch

By |April 15th, 2020|

On April 14th, two more alternative lenders announced that they were freezing all redemptions on their products, that cash distributions would likely fall and perhaps end, and that they would undoubtedly be taking substantial losses on some of their mortgages. As interest rates on savings accounts and GICs fell over the last few years, yield seeking investors searched high and low for more rewarding places to put their money.

Four questions investors need to ask

By |April 13th, 2020|

In March 2009, right in the middle of the great financial crisis, the S&P 500 stopped its decline and began rallying higher in a big way. However, pundits were still raising concerns and discouraging investment, and this continued well into 2010 when it was clear the economy had recovered. Barry reiterates in this article that predicting short-term market direction is a losing proposition and that the focus needs to be on finding value in high-quality companies.

Can looking backward help us look forward?

By |April 1st, 2020|

The market conditions that we have witnessed in the last month are unprecedented, simply because the current circumstances in the world are unprecedented in the modern era. Since the last global pandemic, over 100 years ago, we have added instantaneous world-wide communication, social media, electronic trading and much more.

Baskin Wealth Management Update – COVID – 19

By |March 24th, 2020|

Following the recent announcement by the Ontario government to close all non-essential businesses, we have confirmed that Baskin Wealth Management is considered an essential business. However, we expect to see an impact to some services, particularly in regard to physical cheques and the mail. This update provides guidance on steps you can take to minimize the impact.

Coronavirus Crisis and Market Meltdown

By |March 23rd, 2020|

The North American stock markets went up more or less steadily from March, 2009 to March, 2020. There were spurts and bumps along the way, but as many noted, it was the longest period without a recession in US economic history. Many market watchers predicted that, sooner or later, we would get a significant market pullback. Now, they are right.

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