Category: Interest Rates

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Rick Stuchberry on BNN – January 21, 2019

[vc_row][vc_column][ultimate_spacer height=”30″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Rick Stuchberry returned for Market Call on BNN Bloomberg this week, on January 21st.

He discusses Canadian large caps and international ADR’s while providing his market outlook, top picks, and answering viewer questions.

Full Episode | 46:08

See clips below:[/vc_column_text][ultimate_spacer height=”50″][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1473″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-market-outlook~1468097″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Rick Stuchberry’s Market Outlook 4:26

Rick discusses his outlook on the markets | 4:17[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1502″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-top-picks~1468425″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Top Picks – January 21, 2019 

Rick discusses his Top Picks:  Tencent, Alibaba and Teck Resources | 6:57[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1503″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-past-picks~1468334″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Past Picks – January 21, 2019

Rick reviews his past picks: ING Groep, Royal Bank of Canada and SpinMaster | 4:56[/vc_column_text][/vc_column_inner][/vc_row_inner][ultimate_spacer height=”30″][vc_column_text]Click on the links below for Rick’s outlook on select company stocks:

Canadian Tire | 1:21

Maxar Technologies  | 1:20

Crombie REIT| 1:23

AltaGas| 2:52

Magna International| 1:15

Franco Nevada | 0:44

Crescent Point Energy | 3:20

Open Text | 1:05

HSBC | 0:45

Precision Drilling| 1:21

Lloyds Banking Group | 1:47

Pizza Pizza Royalty | 2:09

BCE| 1:19[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″][vc_column_text]If you have investment-related questions, feel free to give us a call, always happy to chat.

The Stuchberry Group

647.484.3111[/vc_column_text][/vc_column][/vc_row]

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Rick Stuchberry on BNN – November 6, 2018

[vc_row][vc_column][ultimate_spacer height=”30″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Rick Stuchberry returned for another market call on BNN Bloomberg this week, on November 6th.

He discusses Canadian large caps and international ADR’s while providing his market outlook, top picks, and answering viewer questions.

Full Episode | 46:08

See clips below:[/vc_column_text][ultimate_spacer height=”50″][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1473″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-market-outlook~1468097″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Rick Stuchberry’s Market Outlook

Rick discusses his outlook on the markets | 4:17[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1502″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-top-picks~1468425″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Top Picks – November 6, 2018

Rick discusses his Top Picks:  Teck Resources, Bank of America and Home Depot | 5:10[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_single_image image=”1503″ img_size=”full” img_link_target=”_blank” onclick=”custom_link” link=”https://www.bnnbloomberg.ca/video/chris-stuchberry-s-past-picks~1468334″][ultimate_spacer height=”30″][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text]

Past Picks – November 6, 2018

Rick reviews his past picks: Royal Bank of Canada, Tencent Holdings and Alimentation Couche-Tard | 4:52[/vc_column_text][/vc_column_inner][/vc_row_inner][ultimate_spacer height=”30″][vc_column_text]Click on the links below for Rick’s outlook on select company stocks:

Loblaw | 1:10

Banco Santander | 1:09

Maxar Technologies| 1:06

AltaGas| 2:12

Scotiabank| 0:54

Vermillion Energy | 1:50

Lloyds Bank versus ING Groep | 2:16

WSP Global | 0:41

Dollarama | 2:06

Pembina Pipeline| 1:21

Keyera | 1:25

Spin Master | 1:35

Citigroup | 1:28

National Bank | 1:26

Bombardier | 1:03

Interest Rates and Utility Stocks | 1:58

Marijuana Stocks | 3:14

Shopify| 1:03[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_spacer height=”30″][vc_column_text]If you have investment-related questions, feel free to give us a call, always happy to chat.

The Stuchberry Group

647.484.3111[/vc_column_text][/vc_column][/vc_row]

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Interest Rates and Mortgages (1 Year Later)

 

We think rates will continue to go higher. Locking in your mortgage rate may be more expensive now, but not likely in 3-5 years.

A little over a year ago we blogged and reached out to our clients to lock in mortgages.  Since that time, the Bank of Canada overnight lending rate has moved from 50bps to 1.5% a move up of 200%!  We are constantly encountering people asking what to do now, with rates increasing.

5-year Bank of Canada lending rate up 200% since July 2017:

Source: Bloomberg

A 200% move over one year is likely the largest percentage move of all time, but it is still not close to “back- to-normal”.  If we go back to a normal environment we are looking at a further move of at least 100% higher.

Source: Bloomberg

For many years, the curve gravitated from 2% to 6%, with an average level of 2.87% over nearly 30 years.  We think there is a likely scenario that over time we will gravitate back into that range from our current 1.5%.

Source: Bloomberg

Ultimately the yield on bonds remains un-investable to us. The central banks in North America are currently hiking interest rates. However, in Europe and Japan, central banks are not only holding interest rates at zero, but are also buying bonds to force yields lower.  When this ends, we think we will see a much larger move higher in both bonds and interest rates.

Source: Bloomberg

Over time interest on US Government Ten Year Bonds has spent more time in the 4-7% range than under or over, we think there is a likely scenario they go back into that range.

 

Feel free to reach out at 647.484.3111 to chat.

 

Chris Stuchberry