Q: Pat, what do you think of me holding the BMO Low Volatility Canadian Equity ETF to lower the overall volatility of my portfolio? Thanks.

A: The BMO Low Volatility Canadian Equity ETF, $33.51, symbol ZLB on Toronto (Units outstanding: 72.8 million; Market cap: $2.4 billion;
www.etfs.bmo.com), provides exposure to a low beta-weighted portfolio of Canadian stocks. The aim is to reduce your exposure to market volatility.
The ETF selects 40 or… Read More

Q: Hi, Pat. I’m looking for your recommendation on AirBoss of America (BOS-T)? The stock has jumped since the COVID-19 crisis started. Do you see more gains ahead? Thanks.

A: AirBoss of America Corp., $18.70, symbol BOS on Toronto (Shares outstanding: 26.9 million; Market cap: $516.9 million; www.airbossofamerica.com), makes rubber-based products used in the automotive, heavy industry, construction and infrastructure, oil and gas, and defence industries.
AirBoss is headquartered in Newmarket, Ontario, and operates manufacturing… Read More

Dividend Advisor Hotline – Friday, February 19, 2021

INTACT FINANCIAL CORP., $144.33, Toronto symbol IFC, is a buy.

The company is Canada’s largest provider of property and casualty insurance. Intact insures more than five million individuals and businesses. Its major brands are Intact Insurance, Canada BrokerLink and belairdirect.

Intact last raised its quarterly dividend by… Read More

5 top Canadian dividend stocks to invest in

5 top Canadian dividend stocks to invest in

Here are 5 Canadian dividend stocks we recommend holding in your portfolio during and after COVID-19
One of the key points in our three-part investment advice is to invest mainly in well-established dividend-paying stocks. The COVID-19 pandemic and the downturn it spurred in March 2020 highlights… Read More

Q: I recently read that the hugely over-priced Tesla has been added to the S&P 500. Since I have a significant portion of my retirement funds in an S&P 500 ETF, I am concerned that the value of the ETF will be dragged down once (I think) the Tesla valuation comes down out of orbit. Should I rebalance my holdings to decrease exposure to the S&P 500? Thanks!

A: Certainly, if one stock becomes an outsized part of a market capitalization-weighted ETF, then you need to consider adjusting your overall holdings. That’s especially so if that ETF also makes up a significant part of your portfolio.
Meanwhile, you always need to keep the “Nortel factor”… Read More