Finance

Apr 7, 2021
Pacific Trader: Will Westport Fuel Systems finally deliver on its carbon-cutting promise?
Michael McCullough

The stock: The markets bottomed out on March 23 last year amid the shock of COVID-19’s first wave. As a thought exercise, the Globe and Mail ’s David Milstead ran a screen on the performance of the 231 members of the TSX...

Mar 31, 2021
Pacific Trader: Mogo stock has been on a tear. But can the B.C. fintech realize its digital wallet dream?
Michael McCullough

The stock: Bitcoin! Free stock trades! Cash back on mortgages! Local fintech Mogo (TSX:MOGO) certainly seems to be pressing all the right buttons for investors surfing the froth of the past year’s asset rally. And those who’ve held its stock over during that time have definitely been rewarded, with returns in...

Mar 26, 2021
2021 Investment Guide: How to survive the financial apocalypse
Michael McCullough

If you’re at a loss as to where to allocate your savings in 2021, you’re not alone. All the mainstream financial asset classes seem set for a fall. There’s a glaring disparity between the recent performance of the stock market and that of the underlying economy, leading many market veterans...

Mar 24, 2021
COVID has left British Columbians stressed and confused about their taxes: survey
By the Editors

What is the difference between a taxidermist and a tax collector?” Mark Twain wrote. “The taxidermist takes only your skin.” British Columbians can relate, especially after the strange year we’ve had. Thanks to COVID-19, more than a third of us think this tax season is among the most stressful ever. That’s one of the takeaways from a new national survey for TurboTax Canada...

Mar 24, 2021
Pacific Trader: Why West Fraser Timber could keep on growing—whatever happens with housing
Michael McCullough

The stock: It’s a truism that commodity price spikes benefit the marginal producer more than the quality one; the former’s profits, modest to begin with, increase by a higher order of magnitude than the latter’s. Hence West Fraser Timber Co. (TSX:WFG) has only tripled in value over the past 12 months...

Mar 17, 2021
Pacific Trader: Does Premium Brands warrant its premium share price?
Michael McCullough

The stock: Richmond-based Premium Brands Holdings Corp. (TSX:PBH) proves that the consumer staples sector doesn’t have to be dull and defensive. The company is an acquisitor and consolidator, doing for the specialty food processing industry what CGI does for B2B software or Stantec for engineering and architecture. In 2019, PBH attracted...

Mar 16, 2021
Tax the rich—well, the richest of them, anyway: report
Nick Rockel

Alex Hemingway isn’t the first person to call for a wealth tax on the rich. But he has a modest proposal that would let most affluent Canadians off the hook. Hemingway, an economist and public finance policy analyst with the B.C. office of the Canadian Centre for Policy Alternatives (CCPA), just published a paper laying out his argument. Drawing on the latest data and academic research, he shows that a 1-percent tax on Canadians with wealth over $20 million could generate...

Mar 12, 2021
You Had Me at IPO: It’s all coming up green for Leaf Mobile
Nathan Caddell

We take a sometimes weekly and always tongue-in-cheek look at some B.C. companies making noise with big-money raises. Don’t take this too seriously. Unless you make money off it—then we want some. As annoying as the Toronto-based NHL team’s recent success has...

Mar 10, 2021
Pacific Trader: Is Aritzia the TSX’s best retail reopening play?
Michael McCullough

The stock: Since Aritzia (TSX:ATZ) debuted on the Toronto and New York stock exchanges in 2016, the best time to buy its shares always seemed to be a year ago. If there was an exception, it came, well, a year ago, when...

Mar 9, 2021
The Innovators: Trulioo establishes trust in a socially distanced, digital-first world
Nick Rockel

To say the least, Trulioo had already carved out a niche before COVID-19 kicked its business up a notch. Launched in 2011, the Vancouver-based identity verification specialist covers five billion people and 330 million businesses in roughly 200 nations. By...

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