Cardinal Update – February 2023
When Inflation is in Fashion – What’s Driving Rising Prices and What Will It Take to Rein It In? The countdown to spring has begun and we’re optimistic that forecasts for lower inflation will continue to ring true. There’s still some work to do to get to the Bank of Canada’s target inflation rate of 2.0 per cent but at least things are moving in the right direction. While there are some positive signs that commodities are coming down, the fact remains that our dividend-focussed investment approach seems to be in fashion these days with the world looking for ways to keep pace with longer term inflation.
Our company focus this month: Sony Group – the Japan-based electronics giant that many of us have known since our Walkman days. Sony has three undervalued world-class businesses which have been enjoying high growth: Music, Gaming, and Imaging. And speaking of dividend growth, four of our companies increased their dividends in January, led by NXP Semiconductors at 20 per cent.
Click here to read more: Cardinal Update – February 2023
Cardinal Quarterly – January 2023
Market Outlook – BULLS ARE BACK IN 2023 – We believe the challenges of 2022 will
lead to opportunities in 2023.
There’s no question that a rash of negative economic news and political unrest dragged global stock markets down for much of last year. A year ago, the virtual consensus among economists and central bankers was that inflation would be transitory but instead rising prices picked up speed. Russia’s invasion of Ukraine was certainly one of the contributing factors but it also created more geopolitical instability.
Click here to read more: Cardinal Quarterly – January 2023
DM Monthly Report – January 2023
DIFFICULT DISRUPTION – According to Fintech Labs, there were recently 332 financial technology unicorns in the world, with the largest members of the group geared toward the lucrative payments segment of the financial services ecosystem. Unlike Kodak when digital photography arrived, or Blockbuster when streaming supplanted video rental, the incumbents in this industry seem to have been largely unaffected by the incursion of novel upstarts.
FEATURE STOCK: Element Fleet Mgmt. (EFN)
Click here to read more: DM Monthly Report – January 2023
Cardinal Update – Nov 2022
Your Year End Financial Planning Checklist – You still have a few weeks to follow through on your New Year’s resolutions for 2022. Sure, you may not have thought of them since we turned the calendar on 2021 but some deadlines are in play here so it’s important to take action on a number of financial fronts. If you think any items on our checklist may apply to you, now would be a great time to speak with your financial advisor: Cash Flow and Income / Employee Benefit Plans / Tax Planning / Material Changes Within Your Family / Planning for the Year Ahead.
Click here to read more: Cardinal Update – November 2022
