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[music] >>Hello I'm Greg Bonnell and welcome to MoneyTalk Live, brought to you by TD Direct Investing.
Every day I'll be joined by guests from across TD, many of whom you will only see here.
We'll take you through X moving the markets and answer your questions about investing.
Coming up on today show, Kaylyn Cormier from TD Direct Investing will be our guest taking your questions about the WebBroker platform.
An MoneyTalk's Anthony Okolie will give us an update on the debt ceiling negotiations south of the border and also have a look at a new report on the outlook for the real estate investment trust space. Here's how you can get in touch with us.
Just email MoneyTalk Live it or fill it that viewer response box under the video player in WebBroker.
Before we get to our guest of the day let's get you an update on the markets.
Coming out of a long holiday weekend, we have some modest weakness with the TSX Composite Index down with 36 points, a little shy of 1/5 of a percent. We are seeing some firmness in the price of American benchmark crude. Let's look at some of our big energy names. At nine bucks and 34 bucks and it nine bucks $0.34 a share your Crescent energy making again. We want to check out material stocks including Hudbay minerals. Some selling pressure on this side of the trade.
Down to about six bucks and nine cents a share. A loss of more than 4 3/4 of a percent of the downside.
Now, south of the border, will dig a little deeper in the debt ceiling, the tech heavy NASDAQ, let's see it's holding against the broader market, down about 1/10 of a percent. Still some earnings coming in including from Zoom video Communications.
In reaction to the earnings and the guidance given by the company.
It is pushed the stock a little bit lower. 65, 88 a share.
Your resume down almost 8%.
And that's you market update.
Well of course it's negotiations over the debt ceiling that are continuing. Here to read the tea leaves for us or at least the latest headlines, MoneyTalk Live's Anthony Okolie. This is of great interest to investors.
>> Markets continue to focus on progress in reaching agreements. Biden just returned from a G-7 summit in Japan.
And the US Pres. and House Speaker met again on Monday afternoon but no deal was reached.
But there was some optimism coming from both sides.
Both Biden and McCarthy describing the discussion as "productive" and "professional". Even though they did not get a deal, they did conclude that without, they did say that… They seemed to echo more positive tones of the discussion. There is some optimism that they will get this done.
>> I saw one headline with both of them saying that default was not on the table. I found it interesting that one of the date the things they seem to agree on or they don't seem to agree on rather is when the United States might run out of money. The Treasury Department said June 1.
So even that point about how much more they have left, they can't agree on.
>> Exactly.
You mentioned the treasury did say that June 1 was the real estate for a possible default.
But again, both Biden and Democrats have different views on how they want to come about this. It Biden, sorry, the Republicans rather. Biden and Democrats want freespending in the 2024 fiscal year at the levels adopted in 2023.
This idea was rejected by the Republicans want spending cuts.
So they are somewhat far apart but there is some optimism that both have commented "look, a default is off the table, we want to get this thing done".
>> Definitely one to watch for investors. Definitely what's happening this week?
> In the US we have on Wednesday, the FOMC minutes.
Thursday we have consumption for the first quarter and on Friday we have US personal income and spending as well as US durable goods orders for April. I think the personal income and spending will be interesting given the backdrop of the latest earnings from Walmart and Home Depot and Lowe's. In Canada, and course we have the big banks in the spotlight reporting results starting tomorrow with BM oh and BNS reporting and we also have TD all releasing earnings on Thursday.
>> In terms of the strength of the consumer, it's very interesting.
>> Interesting stuff.
>> Will talk to Anthony later in the show about real estate investment trusts.
We'll get to your questions for Caitlin Cormier about the WebBroker platform in just a moment's time.
A reminder that you can get in touch with us any time by emailing moneytalklive@td.com.
Or fill out that viewer response box under the video player on WebBroker.
Let's get you updated on some of the top stories in the world of business and take a look at how the markets are trading.
Apple says it has a multibillion-dollar deal with Broadcom for chips to be produced in the United States.
CEO Tim Cook says the agreement will deepen Apple's investments in the US economy.
The deal will see Broadcom produce 5G radio frequency components with the tech giant.
Lowe's, as Anthony was intimating, cutting its sales forecast for the year as homeowners slow their spending on "do-it-yourself" renovations.
The news follows an earnings beat for the Home Improvement retailer Lowe's its most recent quarter, despite sales falling nearly 6% year-over-year.
Air Canada says it seeing a strong start to the Summer travel season. The air carrier is reporting some 540,000 passengers flew with them between May 19 and 20 seconds. Air Canada did say it faced several weather-related challenges including those wildfires in Western Canada and a volcano in Mexico.
A quick check on the markets, starting here on Bay Street with the TSX compensate index. Our first trading day of the week.
After coming off a long weekend. A little weakness.
Down 41 points effect of a percent. South of the border, as investors continue to watch negotiations around the US debt ceiling, down again a modest fifth of a percent.
Joining us now is Caitlin Cormier, Client Education Instructor at TD Direct Investing. Great to have you here.
Taking the viewers questions about how to better use the WebBroker platform. Can't think of a better person to ask those questions of so let's get to it!
Ready Caitlin?
>> Absolutely.
>> Let's jump in.
We have a viewer asking "can I buy U.S. Treasury bonds or other US bonds through WebBroker"?
>> Yes bonds. Definitely a hot topic nowadays.
We talk about it fairly often in the DI world.
I'm happy to say we absolutely can buy US bonds within WebBroker. There are two different types.
Treasury bonds and corporate bonds as far as the US side of things go so let's go ahead and happen and see where you can find those types of bonds within the trading platform.
We will click on "research" and go under "investments" and go under "fixed income".
Instead of going through this quick search area we will do our own search. We will do "fixed income search" along the top.
If were looking for U.S. Treasury bonds, we will take this button right here where it says U.S. Treasury bonds.
Click submit. We will see some offerings here.
We can see government of the USA of course showing there.
The coupon rate, the maturity date, the offer quality and the prices here.
So lots of information there. This is where you can find those government bonds.
If we were to go back, we can go back and click back to fixed income search. If you're looking for US dollar bonds, that would be a little bit different as opposed to just the government ones. So that being the case, we would come over to the right hand side and we can go ahead and choose currency US dollar for example. And there is an ability to put in a whole bunch of other criteria if there are other things we want to put in there like, for example, a company name or anything like that. That we want to see. However, let's just click US dollar for now and click "submit"… It will actually show me, sorry one sect here. I have to click on the right-hand side, okay, there we go. Submit.
It will show me all US dollar options available. You can see here there is lots of US dollar type of investments both Nadine and US companies. There is an option for both.
So quite a bit available as far as the US dollar bonds as well as some of the government US bonds as well.
>> Once when the bond part of WebBroker we can create hypothetical bond ladders to see how we might allocate our cash and generate those reports to give an idea to see if we might want to take an actual WebBroker and what that actually might look like?
>> Yeah. You can absolutely build a portfolio of these bonds.
Like you said, it's a way for us to create the portfolio with actually, without actually having to purchase those individual investments and look at them.
And to do that, again, we simply click on, for example, American Honda finance, we can see some information about that bond but if you want to click on this little button beside the name, where it says America Honda finance, we can actually choose to create a new portfolio or we can add it to an existing one here.
And then, here I have some previous bonds that I put together.
Some Canadian as well as US dollar bonds and then all of a sudden, I've got that listed together and that's kind of a portfolio for me. I can create a lot of report and actually get some additional information about these bonds. For example when the payments are going to be, what the duration of the bond portfolio is, different coupon rates, using a lot of bond terminology. Not to go too far but for those of you familiar with fixed income, there is a lot that can be gained from gain from these type of reports and if you're not that familiar with fixed income, we do offer fixed income courses within TD Direct Investing's you can always hop into the learning centre and register for this fixed income courses to learn a bit more about all the different words and thrown out there. In case you're not as familiar.
>> Most definitely. That's the hardest part of the market. They have a pretty good handle on stocks but when it comes to bonds is a whole different game.
Useful information there.
Caitlin, this one suggests that people are watching these tutorials pretty carefully on the daily show.
This year he says (Greg reads the question) >> So very keen eye.
This one is not as great of a response is the last one.
I will show you, if we click under research and under markets, click reports, on my screen you will see something called the monthly preferred share report.
It's a premium reports are not everyone that has WebBroker will actually have access to this report.
Unfortunately, you may be looking for that report and not able to find it. But what I can do is tell you a little bit about some different ways to do research on preferred shares.
We think Greg?
> We gotta give them something right? Take us through that!
>> Okay sounds good.
So what we have is the screeners tool.
That is under research, under tools. Will click "screeners" here.
This tool takes all the different investors or stock investments in this case on the market and actually folders it down based on our specific criteria. So if I click on under "screening" this is where I can create my own screen.
I'm just going to click on "share type" and instead of common shares on the go ahead and click "preferred shares" so that's the first thing that can help me kind of weeded down the market a little bit more.
In this case today, let's go ahead and choose Canadian Securities only. We really want to kind of filter it down.
We saw quite a few. Three a and 38 matches so probably a little too much for what were looking for today.
Let's see some more criteria. Maybe when algae was all choose a specific section industry and let's just go ahead and clear all of these options. I'm going to go with financial services today.
Let's see… We should have a few less options there.
I can go even deeper than that actually.
Let's click on financial services and let's take out some different stuff here.
There we go.
All right.
One of my God, at least a couple less.
I'm going to look at, there we go. Let's go with Manulife financial in this scenario.
What I'm seeing here is if I click on the name of the company, it's going to show me of course, the corporation name but below we see MSC.PR. That PR is telling me it is a preferred share. The doc ? is telling me what series it is. Different preferred shares are different series in the series indicates that it's basically a different, like, what the specifics are of that particular share. Now, on WebBroker we don't actually have a way for investors to go in and see what this means.
The good news is we can suddenly go to the company's website and find out more about this particular share.
So, like we see her today, msc.
pr.
q I'm going to go ahead to Manulife website. And you can go to googles Manulife preferred shares and look at the report.
I'm looking and I'm seeing this, this is what I'm looking for here. This is that particular share offering that I saw on the other screen.
So this is giving me a report, give me the issue date, the power reduction maturity date, I can also click on here get a whole bunch more additional information.
I won't go into that today to go to the details but here is where I can come to get that additional information, to find out here that it's and noncumulative, it has a rate reset, a lot of these technical terms coming up but if you're familiar with preferred shares, this is where you can come to find that additional information about what the ins and outs are that preferred share.
Directly with the corporation website to do that additional research and again, we do one of our fixed income classes about hybrid Securities. So ones that are kind of equity as well as fixed income. Preferred shares are just that. Because we have a regular dividend coming out of the regular basis.
But there is still equity Securities and stocks.
So that courses and other family to take and if you want to learn a little bit more.
>> Helpful information for people doing their homework.
(Greg reads the question) >> Yeah, excellent question again. Within TD Direct Investing, you're only able to actually invest in Canadian and US dollars. We don't have any accounts within TD Direct Investing the you can invest, for example, and Moroccan currency.
If you're just looking to buy for a trip, like you said, you have you can actually buying go into easy web if you have banking with TD and you can order currency.
That way and kind of pick it up in a TD branch. But if it's more that you're looking to invest outside of Canada, evenly can purchase Securities and international markets necessarily, especially not there WebBroker, you can speak with our international trading desk by calling them or choosing a type of investment that has more international exposure.
So if you want to look at what international exposure within the portfolio looks like, that's where we can jump into a product like an ETF. Let's take a peek at WebBroker again and well-run screeners, let's go ahead and click the ETF category here.
So the ETF screener is, we can go ahead and put in specific information about the type of security were looking for.
I did just click they are to create our own custom screen.
You'll notice again the company we have is only Canadian and US. All the ETF's. Looking at are based in companies within Canada and the US. That being said, we can click on "fund type.
And then we can actually have some additional criteria.
So for example, international equity.
I could add it as a fund type. I also click mutual funds just for today. 600 matches.
That's quite a bit of matches that we have available to us. We could choose to add management expense ratio as an option that we want to filter down maybe that is important to us. We could also choose for example, if we wanted to have an index type of ETF, maybe were looking for something that follows the benchmark is supposed to kind of a more actively managed type of fund. I can click "show only" index funds. We have a lot of results but to get an idea what that looks like, and then to go ahead and view will see as I go through here you will be showing me both US both and outside of the US here we can see, let's see if we can get some more.
Here's an international equity ETF.
Lots of different options again. It is showing us because of course it makes sense because there are partners below the board if you will.
They are we can see Asia-Pacific, all country, world developed countries so there's lots of ability investing outside of the US. This is one way we can kind of filter and get close to them and again adding more information or what you're looking for specifically in filtering down those results, narrower and narrower as you go.
>> Interesting stuff is always at home make sure you do your own research before you make any investment decisions. We will get back to your questions with the WebBroker platform with Caitlin Cormier just moments time.
A reminder of course you can get in touch with us any time.
Hello I'm Greg Bonnell and welcome to MoneyTalk Live, brought to you by TD Direct Investing.
Do you have a question about investing, or what is driving the markets? Our guests are eager to answer your questions so send them to us here at MoneyTalk Live. You can send your questions two ways: you can send us an email any time at moneytalklive@td.com or you can use the question box at the bottom screen right here on WebBroker just type your question and hit "send". We will see if one of our guests can get you the answer right here at MoneyTalk Live!
We are back with Caitlin Cormier from TD Direct Investing taking your questions with the WebBroker platform. Plenty coming in.
Let's keep going through them. (Greg reads the question).
A year ago, I bet we would not of gotten anything close to a question like this but people are talking about these things.
>> You're right, it's a completely different world.
Then it was a year ago talking about inflation. These things are become much more attractive and were looking at parking money for a short period of time, waiting for opportunities that some investors might be doing.
When that's the case, these types of products certainly will come up in conversation. I'm not sure exactly what this particular viewer is talking about when they talk about cash mutual funds but I think what they may be talking about is the investor savings account.
I just want to kinda quickly compare and contrast the money market mutual funds and what it is compared to a investment savings account.
A money market mutual fund is exactly as it sounds. You are invested in an actual mutual funds. Issued by a fund company.
Any different fund company that has this mutual fund.
And the underlying investments or market products. More short-term fixed income investments. The ideas try to produce a little bit of interest over short-term and keep it relatively low risk.
There is no guarantee with mutual funds.
Nobody is backing it other than the issuer. So whatever company is actually issuing that mutual fund, they are saying "your money is good and we will make sure, it's their guarantee essentially whatever company are investing in but there is no government backing or guarantee beyond that it's just a fund company guaranteeing your money.
An investor savings account is a little different. It's not a mutual fund. At the different type of product.
So let me just type of hop let me just topping here and I will go back instead into WebBroker, when you're with TD Direct Investing, you do have the option to invest through a TD Asset Management.
And that's the investor savings account. As well go on TD Asset Management's webpage.
I'm clicking on additional solutions under mutual funds. This where you can find out about the investment savings account.
It shows here, an income option with different interest rates. So it is a deposit of a Canadian Bank. It's more like a savings account than it is. It's not a mutual fund. It's a savings account. It's only for Canadian residents in your minimum is $100. It shows that there are four different issuers.
TD, TD mortgage, Pacific mortgage core and the all my goodness I'm tripping over words today. So those are the four different issuers we have and maybe that's kind of reminding our viewers that with the issuers comes CDI C coverage.
So you can see here that there is deposit insurance by the Canada deposit insurance Corporation for this investor savings account.
So unlike the money market mutual funds, these deposits actually do have CDI C coverage which can be important to different investors. So that means of course, if the Bank were to no longer be in business, CDI C will cover those deposits up 200 path up 200,000 per issuer per registration periods of definitely chicken CDI C website to understand the coverage better.
This is showing us different rates.
Showing us the Canadian and US rates and again the different issuers available and the minimum and maximum you can invest. Again, with CDI C, if you invest 5 million, they will only cover up 200,000 per registration.
Even though you can invest up to 5 million, only that first 100,000 per issuer registration will be covered as far CDI C goes. So again, just a little bit different. They both pay interest to the investor. But they just have some different features.
Yeah.
They both are based on the return of the Bank rate.
So the Bank rate changes these are fluctuating rates as well. They are variables.
They will not be consistent like a GIC. Both of them will be variables.
>> Very instructive. I didn't know that.
You probably heard me clicking on my mouse making a few bookmarks myself on that one. I'm learning along with the audience Caitlin. Let's take another question.
(Greg reads the question).
> Alright I will do my best.
I'm assuming that could be the case with the trail and stop before we get into that let's get back to the basics and talk about what a trailing stop is for those viewers that may not be familiar.
So essentially what a trailing stop is as a way to kind of put a protection in place on your investments so that you can basically, kind of, keep the growth within your portfolio, however set an exit point. So if the market reverses and starts going down, then you can actually have some sort of security in place to ensure that, if the market starts dropping that you were out.
You have to keep an eye on your portfolio and you are not constantly monitoring.
It will go ahead automatically and put in a sell order if the market reverses. The trailing part of it essentially means it will continue to follow the market price of the security periods of the market price of the security goes up, this particular stock will move up with the price. That is one of my colleagues said, I think it's an interesting way to think about it, if you think about if someone gets married and they have those beer cans or pop cans hanging off the back of their truck and their driving forward, those cans are going to be bouncing along behind the truck.
As soon as the truck reverses, they get driven over. So as soon as the price reverses in this type of investment or rather order, and they get run over.
So that's, that's stop is where it stops. It will go forward any further.
If the vehicle starts reversing they won't reverses well. The cans are gonna stay there, it's going to go ahead and execute the order. So let's look at an order ticket for this type of investment.
I'm just gonna click on "buy and sell" here.
I'm gonna go ahead and type in a security here. Let's go with Apple.
Just for simplicity sake. Will go with a sell order because that's what because that's what people would typically use for this type of order.
I'm going to do a trailing stop market. So what this means is that I have a security. I own Apple right now.
Air to have Apple shares, I bought it for a particular price.
As Apple continues to go up in price I want to stay invested but if Apple starts going down, then I want to get out. So how far down does Apple have to go before I decide that I want to kind of, hit the road? In this case, let's just say that I want to have a two dollar trigger Delta.
If you look, it says I'm basically following a price of Apple by two dollars. So if Apple, if it's from here, if it goes down by two dollars, it will actually automatically trigger a sell at market price for this particular security.
The other side of this is if Apple goes up instead, to 175, my trigger price will go up to 173.
So I'm always staying two dollars behind whatever the current price of Apple is. Then again, as soon as the price starts going down, my trigger will stay the same and if I cross the trigger price, all of a sudden, it's going to put in a sell order. With this particular client I think it might happen as they may put the trigger Delta a little too close to the market price.
They may have put in $0.
10 or something small. As far as a price there and that would be considered too aggressive because, as we know, stocks can fluctuate in price all the time, they can go up and down, within a couple seconds. We can see huge jumps in price.
Because that's the case there's kind of a bit of a buffer built in their to say that you have to have a bigger trigger buffer there to ensure that it's not going to be automatically triggered right away. Make sure that it's going to kind of, be there for at least a little bit of time.
>> If I follow your earlier analogy, the cans were placed a little too close to the bumper is that right?
>> They were not hitting the pavement yeah. They were kind of hanging in the air under the bumper.
>> I never heard it explained that way before I like it with the cans behind the waiting car.
We have a question for Caitlin: maybe we want to know what the street thinks of certain investments.
>> I feel like were keeping with this road analogy here.
I like it Greg. I like what you're doing there.
So analyst information, we have two different areas where we can get analyst information.
The first area is on the market as a whole.
In order to get there we will click on "research" within WebBroker.
We will go under markets and click on "analyst Centre" so like I said, the market as a whole will show us some information.
What were seeing her first is the most recently rated stocks. It's showing us all of these stocks that had these updates today.
Showing us the company name, what the rating is, the analyst name and their ranking, meaning how successful they've been in the past with their ratings.
And then there price target's. We can also go in here and choose to see, for example, only bias.
So we want to see only different Securities and analysts have said our bodies. Maybe want to see only four or five star analyst.
The upper echelon if you will of the analysts.
We can choose a specific company that rather sorry company rather country will invest in so lots of different criteria here to filter down these results.
Again, giving us a place to look around and see what analysts are currently rating as of today or making changes on those ratings. There are a couple of pages of results there.
We can also go under trending stocks. Trending stocks will show us for example, right now, showing us the most rated Securities.
So META Platforms is at the top there then Amazon and salesforce, Nvidia.
We can also choose best and worst rated.
To know which company has the best ratings overall, we can do that.
Again, taking it all with a grain of salt because there only six analysts covering these wins versus the most rated which have 37. So over 40 ratings as well. It just kind of keeping all of that in mind.
We can see different time periods, again, different countries and we can filter beyond that.
So lots of information that we can see under the market as a whole.
If were just looking to see what's going on with a particular company.
Lastly, we can see followed analysts.
We've actually gone in and said "this is an analyst I want to see additional information about them moving forward.
I want to see different stocks that they cover.
See anything coming up. We can also do that." The other type of report we have is the analyst Centre on the specific security.
So under "research" and then if I choose "stocks", we will see.
We will go with that for security, if we go to these tabs below I will click on "analysts" here.
So what this is going to do is it will actually show me what analysts think about this particular company.
Not just any company. Giving us the specifics about what analysts are saying about this company.
So this first chart here is showing me the last 12 months of price performance for Disney.
It's showing us what analysts project the price to be within the next 12 months.
So the high average and low.
It's also showing the rank rating, what these analysts are saying whether it's a sell, hold or buy.
And then down below we can see those particular individuals that are making these types of ratings. So showing us the rating, when the rating was made, the name of the analyst and their price target.
This is where we can actually go into following individual analysts. Again, if I click on an individual, let's just click here, we can see that this particular individual has gotten 116 out of the last 198 successful ratings.
So we can get an idea of whether they are, you know, usually on the marker not and make her decision.
We can also follow different analysts if we view their profile.
Then we can see the different other companies that they cover. So this individual covers as well as global class B shares. A bit more insight of that individual in seeing the other companies that they cover.
>> Another place for users of the platform to do their homework.
We will get back to your questions for Caitlin Cormier on how to better use the WebBroker platform. Always do your own resource before making investment decisions and a reminder that you can get in touch with us at any time.
Do you have a question about investing, or what is driving the markets? Our guests are eager to answer your questions so send to us you can use the question box at the bottom screen right here on WebBroker just type your question and hit "send". We will see if one of our guests can get you the answer right here at MoneyTalk Live!
>> Canadian real sector delivered strong Q1 results despite higher interest costs and increased scrutiny amid followed from the US banking crisis.
Anthony Okolie joins us for more.
>> Yes TD Securities came out more and overall Q1 results met TD Securities expectations with what they call weighted average sector adjustment funds from operations coming in at 2.2%. That's just 10 basis points below their forecast. They also noted that the impact of high interest costs which were up 31% year-over-year, on their index was not enough to offset the very strong Q1 growth.
TD Securities said that Q1 in the first quarter, same property income growth was exceptional exceptionally strong at nearly 6%.
When they break it down by sector in the first quarter industrials perform the best.
With the highest growth followed by residential's.
Now, within industrials, TD Securities points to some strong leasing momentum.
That remain strong during the quarter.
Market rents are continuing to climb high now, not at the same pace that we saw in 2022. But there is virtually no pushback on asking rent so that's a very positive sign for the industrial sector.
For the residential sector, strong demand remains for apartment rentals across Canada.
Most of the ones recording double digits and TD Securities expects this trend to continue.
Meanwhile retail leasing continued at a strong pace despite macroeconomic concerns.
And they also noted that the quick uptake rather uptake in both and most Bed Bath & Beyond leases was encouraging. We know for example Canadian tire was acquired by 10 of the Bed Bath & Beyond leases. Another company called rooms plus spaces acquired another 21 retail locations. So that's very encouraging for that sector.
Meanwhile sentiment in the senior sector in the first quarter improved leading to TD Securities increase confidence for a potential return to a normalized operating environment in 2024.
> Interesting quarters. Some strength there. Perhaps some doubt before. One of the risks going forward for real estate?
>> Things like economic slowdown, potential recession, if inflation remains sticky, rates have to stay elevated for longer than I can weigh on financial results throughout this year.
They also pointed out in previous reports that office-based remote work still persists today about 30% of a five day work weeks.
Still spent away from the traditional work office. Also some 60,000,000 ft.8 of new office space set to come online by the end of the year boosting an already saturated market. So that is something that could weigh on the office space REITs going forward.
> Tuesday morning after a long week and I thought maybe the train to be a little bit busy.
There were people there but I got my seat. Very interesting stuff thanks Anthony.
>> My pleasure.
>> MoneyTalk Live's Anthony Okolie. Let's give a quick check of the market.
Right now we are down, what is that? 95 points, about half a percent.
Fading a bit through the lunchtime session for the S&P 500.
We did notice that Suncor here and price of American crude, 3955 on Suncor. Almost 2%.
Interesting some of the movements there, talking about supply and demand.
The Saudi energy Minister, ahead of their next OPEC+ meeting next month, investments were investors were perhaps bidding against oil. The word ouch was used.
Take from that what you will. The price of oil a little bit higher in the wake of that in a few other factors.
Canadian National Railway, 157 bucks and change down more than 2% of the name. In south of the border, the negotiations with the debt ceiling, they continue. As Anthony was telling us at the top of the show, most of the noise is being made on either side of the divide is constructive. They are not there yet and talks continue. The S&P 500 fading little during the session down a little shy than half percent.
The tech heavy NASDAQ, how is he doing against the broader market, a little shy the third of a percent.
One of those US regional banks, PacWest some pressures to the downside as of late.
A little more than 12%. While we were away in the week and we found out that they're selling about $2.6 billion of construction loans.
It does have a bit of money moving back towards the name.
We are back now with Kaylyn Cormier, Client Education Instructor at TD Direct Investing.
Taking questions on how to get more out of the WebBroker platform.
Plenty are coming in. This Winchester's "price of lumber?" Maybe how to find on the platform?… >> I'm hoping that's the case. I don't know the price of lumber >> I was just at Home Depot over the weekend that's what how much does it cost for 2 x 4?
>> I can show you what we have on the platform as far as different pricing information.
So let's go ahead and hop in and look at the research of the market overall. I'm gonna go markets and overview. Again, not only is this where you can find MoneyTalk Live, there is also a lot of other information available.
We will skip through that video of me showing there.
On the left-hand side of the screen, we can see different prices of commodities.
We have energy prices Have metals agriculture. So that's what we can find.
We don't actually have lumber here.
We have other different types of agricultural information available, as I said, as well as metals and energy.
But unfortunately me on the price of lumber specifically available within WebBroker.
>> Okay while knowing we don't have answers just as useful as knowing what we do. We've been talking a little bit about the CDIC and what it will cover.
So he wants to know what's the maximum that the Canada deposit insurance Corporation will cover for us.
>> Absolutely it's coverages become a lot more of a topic since things and gone on in the US with different banks, obviously it's important to know what coverage we have in Canada.
So what I want to do is help show the viewers where you can find that information. Because all the information on CDIC is available on their website. A medical and share. I have it on my screen screen here. What I did is I came to the site CDIC.
ca.
As I had mentioned before, it is in the rare event that a financial institute faces failure.
up to a maximum of 100,000 per share category.
So there isn't a topic where it's like "this is so much coverage you can have" as long as you're with a different member institution and you have that maximum of 100,000 per insured category per institution, then you should be able to have all the coverage that you want.
So for example within TD Direct Investing, you have different member institutions with GICs for example.
You can buy 10 different company GICs for $100,000 and they could all be covered under CDI see, for example, because there with different issuers.
And within each category that is the case.
So you certainly can get quite a bit of coverage if you're really being Strategic with it. But again, just come to the webpage and go through their FAQs. It really goes into the details.
Another thing I didn't mention but it's important to know, you don't have to apply for coverage or do anything like that.
It's automatic. If there's a failure you would be covered. So it's not something you have to worry about listing or getting in contact with anyone.
That's an automatic coverage in place.
>> Caitlin, always so informative and instructive. The show has flown by.
I look forward to the next time we can do a nice long format like this.
>> Sounds good thank you so much Greg happy to answer questions for the viewers.
>> Our thanks to Caitlin Cormier, Client Education Instructor with TD Direct Investing. Stay tuned on Wednesday, Greg Barnes, head of Mining Equity Research at TD Securities will be our guest take your questions about mining stocks.
A reminder to get in touch with us at moneytalklive@td.com.
That's all her time for today take care.
[music]
Every day I'll be joined by guests from across TD, many of whom you will only see here.
We'll take you through X moving the markets and answer your questions about investing.
Coming up on today show, Kaylyn Cormier from TD Direct Investing will be our guest taking your questions about the WebBroker platform.
An MoneyTalk's Anthony Okolie will give us an update on the debt ceiling negotiations south of the border and also have a look at a new report on the outlook for the real estate investment trust space. Here's how you can get in touch with us.
Just email MoneyTalk Live it or fill it that viewer response box under the video player in WebBroker.
Before we get to our guest of the day let's get you an update on the markets.
Coming out of a long holiday weekend, we have some modest weakness with the TSX Composite Index down with 36 points, a little shy of 1/5 of a percent. We are seeing some firmness in the price of American benchmark crude. Let's look at some of our big energy names. At nine bucks and 34 bucks and it nine bucks $0.34 a share your Crescent energy making again. We want to check out material stocks including Hudbay minerals. Some selling pressure on this side of the trade.
Down to about six bucks and nine cents a share. A loss of more than 4 3/4 of a percent of the downside.
Now, south of the border, will dig a little deeper in the debt ceiling, the tech heavy NASDAQ, let's see it's holding against the broader market, down about 1/10 of a percent. Still some earnings coming in including from Zoom video Communications.
In reaction to the earnings and the guidance given by the company.
It is pushed the stock a little bit lower. 65, 88 a share.
Your resume down almost 8%.
And that's you market update.
Well of course it's negotiations over the debt ceiling that are continuing. Here to read the tea leaves for us or at least the latest headlines, MoneyTalk Live's Anthony Okolie. This is of great interest to investors.
>> Markets continue to focus on progress in reaching agreements. Biden just returned from a G-7 summit in Japan.
And the US Pres. and House Speaker met again on Monday afternoon but no deal was reached.
But there was some optimism coming from both sides.
Both Biden and McCarthy describing the discussion as "productive" and "professional". Even though they did not get a deal, they did conclude that without, they did say that… They seemed to echo more positive tones of the discussion. There is some optimism that they will get this done.
>> I saw one headline with both of them saying that default was not on the table. I found it interesting that one of the date the things they seem to agree on or they don't seem to agree on rather is when the United States might run out of money. The Treasury Department said June 1.
So even that point about how much more they have left, they can't agree on.
>> Exactly.
You mentioned the treasury did say that June 1 was the real estate for a possible default.
But again, both Biden and Democrats have different views on how they want to come about this. It Biden, sorry, the Republicans rather. Biden and Democrats want freespending in the 2024 fiscal year at the levels adopted in 2023.
This idea was rejected by the Republicans want spending cuts.
So they are somewhat far apart but there is some optimism that both have commented "look, a default is off the table, we want to get this thing done".
>> Definitely one to watch for investors. Definitely what's happening this week?
> In the US we have on Wednesday, the FOMC minutes.
Thursday we have consumption for the first quarter and on Friday we have US personal income and spending as well as US durable goods orders for April. I think the personal income and spending will be interesting given the backdrop of the latest earnings from Walmart and Home Depot and Lowe's. In Canada, and course we have the big banks in the spotlight reporting results starting tomorrow with BM oh and BNS reporting and we also have TD all releasing earnings on Thursday.
>> In terms of the strength of the consumer, it's very interesting.
>> Interesting stuff.
>> Will talk to Anthony later in the show about real estate investment trusts.
We'll get to your questions for Caitlin Cormier about the WebBroker platform in just a moment's time.
A reminder that you can get in touch with us any time by emailing moneytalklive@td.com.
Or fill out that viewer response box under the video player on WebBroker.
Let's get you updated on some of the top stories in the world of business and take a look at how the markets are trading.
Apple says it has a multibillion-dollar deal with Broadcom for chips to be produced in the United States.
CEO Tim Cook says the agreement will deepen Apple's investments in the US economy.
The deal will see Broadcom produce 5G radio frequency components with the tech giant.
Lowe's, as Anthony was intimating, cutting its sales forecast for the year as homeowners slow their spending on "do-it-yourself" renovations.
The news follows an earnings beat for the Home Improvement retailer Lowe's its most recent quarter, despite sales falling nearly 6% year-over-year.
Air Canada says it seeing a strong start to the Summer travel season. The air carrier is reporting some 540,000 passengers flew with them between May 19 and 20 seconds. Air Canada did say it faced several weather-related challenges including those wildfires in Western Canada and a volcano in Mexico.
A quick check on the markets, starting here on Bay Street with the TSX compensate index. Our first trading day of the week.
After coming off a long weekend. A little weakness.
Down 41 points effect of a percent. South of the border, as investors continue to watch negotiations around the US debt ceiling, down again a modest fifth of a percent.
Joining us now is Caitlin Cormier, Client Education Instructor at TD Direct Investing. Great to have you here.
Taking the viewers questions about how to better use the WebBroker platform. Can't think of a better person to ask those questions of so let's get to it!
Ready Caitlin?
>> Absolutely.
>> Let's jump in.
We have a viewer asking "can I buy U.S. Treasury bonds or other US bonds through WebBroker"?
>> Yes bonds. Definitely a hot topic nowadays.
We talk about it fairly often in the DI world.
I'm happy to say we absolutely can buy US bonds within WebBroker. There are two different types.
Treasury bonds and corporate bonds as far as the US side of things go so let's go ahead and happen and see where you can find those types of bonds within the trading platform.
We will click on "research" and go under "investments" and go under "fixed income".
Instead of going through this quick search area we will do our own search. We will do "fixed income search" along the top.
If were looking for U.S. Treasury bonds, we will take this button right here where it says U.S. Treasury bonds.
Click submit. We will see some offerings here.
We can see government of the USA of course showing there.
The coupon rate, the maturity date, the offer quality and the prices here.
So lots of information there. This is where you can find those government bonds.
If we were to go back, we can go back and click back to fixed income search. If you're looking for US dollar bonds, that would be a little bit different as opposed to just the government ones. So that being the case, we would come over to the right hand side and we can go ahead and choose currency US dollar for example. And there is an ability to put in a whole bunch of other criteria if there are other things we want to put in there like, for example, a company name or anything like that. That we want to see. However, let's just click US dollar for now and click "submit"… It will actually show me, sorry one sect here. I have to click on the right-hand side, okay, there we go. Submit.
It will show me all US dollar options available. You can see here there is lots of US dollar type of investments both Nadine and US companies. There is an option for both.
So quite a bit available as far as the US dollar bonds as well as some of the government US bonds as well.
>> Once when the bond part of WebBroker we can create hypothetical bond ladders to see how we might allocate our cash and generate those reports to give an idea to see if we might want to take an actual WebBroker and what that actually might look like?
>> Yeah. You can absolutely build a portfolio of these bonds.
Like you said, it's a way for us to create the portfolio with actually, without actually having to purchase those individual investments and look at them.
And to do that, again, we simply click on, for example, American Honda finance, we can see some information about that bond but if you want to click on this little button beside the name, where it says America Honda finance, we can actually choose to create a new portfolio or we can add it to an existing one here.
And then, here I have some previous bonds that I put together.
Some Canadian as well as US dollar bonds and then all of a sudden, I've got that listed together and that's kind of a portfolio for me. I can create a lot of report and actually get some additional information about these bonds. For example when the payments are going to be, what the duration of the bond portfolio is, different coupon rates, using a lot of bond terminology. Not to go too far but for those of you familiar with fixed income, there is a lot that can be gained from gain from these type of reports and if you're not that familiar with fixed income, we do offer fixed income courses within TD Direct Investing's you can always hop into the learning centre and register for this fixed income courses to learn a bit more about all the different words and thrown out there. In case you're not as familiar.
>> Most definitely. That's the hardest part of the market. They have a pretty good handle on stocks but when it comes to bonds is a whole different game.
Useful information there.
Caitlin, this one suggests that people are watching these tutorials pretty carefully on the daily show.
This year he says (Greg reads the question) >> So very keen eye.
This one is not as great of a response is the last one.
I will show you, if we click under research and under markets, click reports, on my screen you will see something called the monthly preferred share report.
It's a premium reports are not everyone that has WebBroker will actually have access to this report.
Unfortunately, you may be looking for that report and not able to find it. But what I can do is tell you a little bit about some different ways to do research on preferred shares.
We think Greg?
> We gotta give them something right? Take us through that!
>> Okay sounds good.
So what we have is the screeners tool.
That is under research, under tools. Will click "screeners" here.
This tool takes all the different investors or stock investments in this case on the market and actually folders it down based on our specific criteria. So if I click on under "screening" this is where I can create my own screen.
I'm just going to click on "share type" and instead of common shares on the go ahead and click "preferred shares" so that's the first thing that can help me kind of weeded down the market a little bit more.
In this case today, let's go ahead and choose Canadian Securities only. We really want to kind of filter it down.
We saw quite a few. Three a and 38 matches so probably a little too much for what were looking for today.
Let's see some more criteria. Maybe when algae was all choose a specific section industry and let's just go ahead and clear all of these options. I'm going to go with financial services today.
Let's see… We should have a few less options there.
I can go even deeper than that actually.
Let's click on financial services and let's take out some different stuff here.
There we go.
All right.
One of my God, at least a couple less.
I'm going to look at, there we go. Let's go with Manulife financial in this scenario.
What I'm seeing here is if I click on the name of the company, it's going to show me of course, the corporation name but below we see MSC.PR. That PR is telling me it is a preferred share. The doc ? is telling me what series it is. Different preferred shares are different series in the series indicates that it's basically a different, like, what the specifics are of that particular share. Now, on WebBroker we don't actually have a way for investors to go in and see what this means.
The good news is we can suddenly go to the company's website and find out more about this particular share.
So, like we see her today, msc.
pr.
q I'm going to go ahead to Manulife website. And you can go to googles Manulife preferred shares and look at the report.
I'm looking and I'm seeing this, this is what I'm looking for here. This is that particular share offering that I saw on the other screen.
So this is giving me a report, give me the issue date, the power reduction maturity date, I can also click on here get a whole bunch more additional information.
I won't go into that today to go to the details but here is where I can come to get that additional information, to find out here that it's and noncumulative, it has a rate reset, a lot of these technical terms coming up but if you're familiar with preferred shares, this is where you can come to find that additional information about what the ins and outs are that preferred share.
Directly with the corporation website to do that additional research and again, we do one of our fixed income classes about hybrid Securities. So ones that are kind of equity as well as fixed income. Preferred shares are just that. Because we have a regular dividend coming out of the regular basis.
But there is still equity Securities and stocks.
So that courses and other family to take and if you want to learn a little bit more.
>> Helpful information for people doing their homework.
(Greg reads the question) >> Yeah, excellent question again. Within TD Direct Investing, you're only able to actually invest in Canadian and US dollars. We don't have any accounts within TD Direct Investing the you can invest, for example, and Moroccan currency.
If you're just looking to buy for a trip, like you said, you have you can actually buying go into easy web if you have banking with TD and you can order currency.
That way and kind of pick it up in a TD branch. But if it's more that you're looking to invest outside of Canada, evenly can purchase Securities and international markets necessarily, especially not there WebBroker, you can speak with our international trading desk by calling them or choosing a type of investment that has more international exposure.
So if you want to look at what international exposure within the portfolio looks like, that's where we can jump into a product like an ETF. Let's take a peek at WebBroker again and well-run screeners, let's go ahead and click the ETF category here.
So the ETF screener is, we can go ahead and put in specific information about the type of security were looking for.
I did just click they are to create our own custom screen.
You'll notice again the company we have is only Canadian and US. All the ETF's. Looking at are based in companies within Canada and the US. That being said, we can click on "fund type.
And then we can actually have some additional criteria.
So for example, international equity.
I could add it as a fund type. I also click mutual funds just for today. 600 matches.
That's quite a bit of matches that we have available to us. We could choose to add management expense ratio as an option that we want to filter down maybe that is important to us. We could also choose for example, if we wanted to have an index type of ETF, maybe were looking for something that follows the benchmark is supposed to kind of a more actively managed type of fund. I can click "show only" index funds. We have a lot of results but to get an idea what that looks like, and then to go ahead and view will see as I go through here you will be showing me both US both and outside of the US here we can see, let's see if we can get some more.
Here's an international equity ETF.
Lots of different options again. It is showing us because of course it makes sense because there are partners below the board if you will.
They are we can see Asia-Pacific, all country, world developed countries so there's lots of ability investing outside of the US. This is one way we can kind of filter and get close to them and again adding more information or what you're looking for specifically in filtering down those results, narrower and narrower as you go.
>> Interesting stuff is always at home make sure you do your own research before you make any investment decisions. We will get back to your questions with the WebBroker platform with Caitlin Cormier just moments time.
A reminder of course you can get in touch with us any time.
Hello I'm Greg Bonnell and welcome to MoneyTalk Live, brought to you by TD Direct Investing.
Do you have a question about investing, or what is driving the markets? Our guests are eager to answer your questions so send them to us here at MoneyTalk Live. You can send your questions two ways: you can send us an email any time at moneytalklive@td.com or you can use the question box at the bottom screen right here on WebBroker just type your question and hit "send". We will see if one of our guests can get you the answer right here at MoneyTalk Live!
We are back with Caitlin Cormier from TD Direct Investing taking your questions with the WebBroker platform. Plenty coming in.
Let's keep going through them. (Greg reads the question).
A year ago, I bet we would not of gotten anything close to a question like this but people are talking about these things.
>> You're right, it's a completely different world.
Then it was a year ago talking about inflation. These things are become much more attractive and were looking at parking money for a short period of time, waiting for opportunities that some investors might be doing.
When that's the case, these types of products certainly will come up in conversation. I'm not sure exactly what this particular viewer is talking about when they talk about cash mutual funds but I think what they may be talking about is the investor savings account.
I just want to kinda quickly compare and contrast the money market mutual funds and what it is compared to a investment savings account.
A money market mutual fund is exactly as it sounds. You are invested in an actual mutual funds. Issued by a fund company.
Any different fund company that has this mutual fund.
And the underlying investments or market products. More short-term fixed income investments. The ideas try to produce a little bit of interest over short-term and keep it relatively low risk.
There is no guarantee with mutual funds.
Nobody is backing it other than the issuer. So whatever company is actually issuing that mutual fund, they are saying "your money is good and we will make sure, it's their guarantee essentially whatever company are investing in but there is no government backing or guarantee beyond that it's just a fund company guaranteeing your money.
An investor savings account is a little different. It's not a mutual fund. At the different type of product.
So let me just type of hop let me just topping here and I will go back instead into WebBroker, when you're with TD Direct Investing, you do have the option to invest through a TD Asset Management.
And that's the investor savings account. As well go on TD Asset Management's webpage.
I'm clicking on additional solutions under mutual funds. This where you can find out about the investment savings account.
It shows here, an income option with different interest rates. So it is a deposit of a Canadian Bank. It's more like a savings account than it is. It's not a mutual fund. It's a savings account. It's only for Canadian residents in your minimum is $100. It shows that there are four different issuers.
TD, TD mortgage, Pacific mortgage core and the all my goodness I'm tripping over words today. So those are the four different issuers we have and maybe that's kind of reminding our viewers that with the issuers comes CDI C coverage.
So you can see here that there is deposit insurance by the Canada deposit insurance Corporation for this investor savings account.
So unlike the money market mutual funds, these deposits actually do have CDI C coverage which can be important to different investors. So that means of course, if the Bank were to no longer be in business, CDI C will cover those deposits up 200 path up 200,000 per issuer per registration periods of definitely chicken CDI C website to understand the coverage better.
This is showing us different rates.
Showing us the Canadian and US rates and again the different issuers available and the minimum and maximum you can invest. Again, with CDI C, if you invest 5 million, they will only cover up 200,000 per registration.
Even though you can invest up to 5 million, only that first 100,000 per issuer registration will be covered as far CDI C goes. So again, just a little bit different. They both pay interest to the investor. But they just have some different features.
Yeah.
They both are based on the return of the Bank rate.
So the Bank rate changes these are fluctuating rates as well. They are variables.
They will not be consistent like a GIC. Both of them will be variables.
>> Very instructive. I didn't know that.
You probably heard me clicking on my mouse making a few bookmarks myself on that one. I'm learning along with the audience Caitlin. Let's take another question.
(Greg reads the question).
> Alright I will do my best.
I'm assuming that could be the case with the trail and stop before we get into that let's get back to the basics and talk about what a trailing stop is for those viewers that may not be familiar.
So essentially what a trailing stop is as a way to kind of put a protection in place on your investments so that you can basically, kind of, keep the growth within your portfolio, however set an exit point. So if the market reverses and starts going down, then you can actually have some sort of security in place to ensure that, if the market starts dropping that you were out.
You have to keep an eye on your portfolio and you are not constantly monitoring.
It will go ahead automatically and put in a sell order if the market reverses. The trailing part of it essentially means it will continue to follow the market price of the security periods of the market price of the security goes up, this particular stock will move up with the price. That is one of my colleagues said, I think it's an interesting way to think about it, if you think about if someone gets married and they have those beer cans or pop cans hanging off the back of their truck and their driving forward, those cans are going to be bouncing along behind the truck.
As soon as the truck reverses, they get driven over. So as soon as the price reverses in this type of investment or rather order, and they get run over.
So that's, that's stop is where it stops. It will go forward any further.
If the vehicle starts reversing they won't reverses well. The cans are gonna stay there, it's going to go ahead and execute the order. So let's look at an order ticket for this type of investment.
I'm just gonna click on "buy and sell" here.
I'm gonna go ahead and type in a security here. Let's go with Apple.
Just for simplicity sake. Will go with a sell order because that's what because that's what people would typically use for this type of order.
I'm going to do a trailing stop market. So what this means is that I have a security. I own Apple right now.
Air to have Apple shares, I bought it for a particular price.
As Apple continues to go up in price I want to stay invested but if Apple starts going down, then I want to get out. So how far down does Apple have to go before I decide that I want to kind of, hit the road? In this case, let's just say that I want to have a two dollar trigger Delta.
If you look, it says I'm basically following a price of Apple by two dollars. So if Apple, if it's from here, if it goes down by two dollars, it will actually automatically trigger a sell at market price for this particular security.
The other side of this is if Apple goes up instead, to 175, my trigger price will go up to 173.
So I'm always staying two dollars behind whatever the current price of Apple is. Then again, as soon as the price starts going down, my trigger will stay the same and if I cross the trigger price, all of a sudden, it's going to put in a sell order. With this particular client I think it might happen as they may put the trigger Delta a little too close to the market price.
They may have put in $0.
10 or something small. As far as a price there and that would be considered too aggressive because, as we know, stocks can fluctuate in price all the time, they can go up and down, within a couple seconds. We can see huge jumps in price.
Because that's the case there's kind of a bit of a buffer built in their to say that you have to have a bigger trigger buffer there to ensure that it's not going to be automatically triggered right away. Make sure that it's going to kind of, be there for at least a little bit of time.
>> If I follow your earlier analogy, the cans were placed a little too close to the bumper is that right?
>> They were not hitting the pavement yeah. They were kind of hanging in the air under the bumper.
>> I never heard it explained that way before I like it with the cans behind the waiting car.
We have a question for Caitlin: maybe we want to know what the street thinks of certain investments.
>> I feel like were keeping with this road analogy here.
I like it Greg. I like what you're doing there.
So analyst information, we have two different areas where we can get analyst information.
The first area is on the market as a whole.
In order to get there we will click on "research" within WebBroker.
We will go under markets and click on "analyst Centre" so like I said, the market as a whole will show us some information.
What were seeing her first is the most recently rated stocks. It's showing us all of these stocks that had these updates today.
Showing us the company name, what the rating is, the analyst name and their ranking, meaning how successful they've been in the past with their ratings.
And then there price target's. We can also go in here and choose to see, for example, only bias.
So we want to see only different Securities and analysts have said our bodies. Maybe want to see only four or five star analyst.
The upper echelon if you will of the analysts.
We can choose a specific company that rather sorry company rather country will invest in so lots of different criteria here to filter down these results.
Again, giving us a place to look around and see what analysts are currently rating as of today or making changes on those ratings. There are a couple of pages of results there.
We can also go under trending stocks. Trending stocks will show us for example, right now, showing us the most rated Securities.
So META Platforms is at the top there then Amazon and salesforce, Nvidia.
We can also choose best and worst rated.
To know which company has the best ratings overall, we can do that.
Again, taking it all with a grain of salt because there only six analysts covering these wins versus the most rated which have 37. So over 40 ratings as well. It just kind of keeping all of that in mind.
We can see different time periods, again, different countries and we can filter beyond that.
So lots of information that we can see under the market as a whole.
If were just looking to see what's going on with a particular company.
Lastly, we can see followed analysts.
We've actually gone in and said "this is an analyst I want to see additional information about them moving forward.
I want to see different stocks that they cover.
See anything coming up. We can also do that." The other type of report we have is the analyst Centre on the specific security.
So under "research" and then if I choose "stocks", we will see.
We will go with that for security, if we go to these tabs below I will click on "analysts" here.
So what this is going to do is it will actually show me what analysts think about this particular company.
Not just any company. Giving us the specifics about what analysts are saying about this company.
So this first chart here is showing me the last 12 months of price performance for Disney.
It's showing us what analysts project the price to be within the next 12 months.
So the high average and low.
It's also showing the rank rating, what these analysts are saying whether it's a sell, hold or buy.
And then down below we can see those particular individuals that are making these types of ratings. So showing us the rating, when the rating was made, the name of the analyst and their price target.
This is where we can actually go into following individual analysts. Again, if I click on an individual, let's just click here, we can see that this particular individual has gotten 116 out of the last 198 successful ratings.
So we can get an idea of whether they are, you know, usually on the marker not and make her decision.
We can also follow different analysts if we view their profile.
Then we can see the different other companies that they cover. So this individual covers as well as global class B shares. A bit more insight of that individual in seeing the other companies that they cover.
>> Another place for users of the platform to do their homework.
We will get back to your questions for Caitlin Cormier on how to better use the WebBroker platform. Always do your own resource before making investment decisions and a reminder that you can get in touch with us at any time.
Do you have a question about investing, or what is driving the markets? Our guests are eager to answer your questions so send to us you can use the question box at the bottom screen right here on WebBroker just type your question and hit "send". We will see if one of our guests can get you the answer right here at MoneyTalk Live!
>> Canadian real sector delivered strong Q1 results despite higher interest costs and increased scrutiny amid followed from the US banking crisis.
Anthony Okolie joins us for more.
>> Yes TD Securities came out more and overall Q1 results met TD Securities expectations with what they call weighted average sector adjustment funds from operations coming in at 2.2%. That's just 10 basis points below their forecast. They also noted that the impact of high interest costs which were up 31% year-over-year, on their index was not enough to offset the very strong Q1 growth.
TD Securities said that Q1 in the first quarter, same property income growth was exceptional exceptionally strong at nearly 6%.
When they break it down by sector in the first quarter industrials perform the best.
With the highest growth followed by residential's.
Now, within industrials, TD Securities points to some strong leasing momentum.
That remain strong during the quarter.
Market rents are continuing to climb high now, not at the same pace that we saw in 2022. But there is virtually no pushback on asking rent so that's a very positive sign for the industrial sector.
For the residential sector, strong demand remains for apartment rentals across Canada.
Most of the ones recording double digits and TD Securities expects this trend to continue.
Meanwhile retail leasing continued at a strong pace despite macroeconomic concerns.
And they also noted that the quick uptake rather uptake in both and most Bed Bath & Beyond leases was encouraging. We know for example Canadian tire was acquired by 10 of the Bed Bath & Beyond leases. Another company called rooms plus spaces acquired another 21 retail locations. So that's very encouraging for that sector.
Meanwhile sentiment in the senior sector in the first quarter improved leading to TD Securities increase confidence for a potential return to a normalized operating environment in 2024.
> Interesting quarters. Some strength there. Perhaps some doubt before. One of the risks going forward for real estate?
>> Things like economic slowdown, potential recession, if inflation remains sticky, rates have to stay elevated for longer than I can weigh on financial results throughout this year.
They also pointed out in previous reports that office-based remote work still persists today about 30% of a five day work weeks.
Still spent away from the traditional work office. Also some 60,000,000 ft.8 of new office space set to come online by the end of the year boosting an already saturated market. So that is something that could weigh on the office space REITs going forward.
> Tuesday morning after a long week and I thought maybe the train to be a little bit busy.
There were people there but I got my seat. Very interesting stuff thanks Anthony.
>> My pleasure.
>> MoneyTalk Live's Anthony Okolie. Let's give a quick check of the market.
Right now we are down, what is that? 95 points, about half a percent.
Fading a bit through the lunchtime session for the S&P 500.
We did notice that Suncor here and price of American crude, 3955 on Suncor. Almost 2%.
Interesting some of the movements there, talking about supply and demand.
The Saudi energy Minister, ahead of their next OPEC+ meeting next month, investments were investors were perhaps bidding against oil. The word ouch was used.
Take from that what you will. The price of oil a little bit higher in the wake of that in a few other factors.
Canadian National Railway, 157 bucks and change down more than 2% of the name. In south of the border, the negotiations with the debt ceiling, they continue. As Anthony was telling us at the top of the show, most of the noise is being made on either side of the divide is constructive. They are not there yet and talks continue. The S&P 500 fading little during the session down a little shy than half percent.
The tech heavy NASDAQ, how is he doing against the broader market, a little shy the third of a percent.
One of those US regional banks, PacWest some pressures to the downside as of late.
A little more than 12%. While we were away in the week and we found out that they're selling about $2.6 billion of construction loans.
It does have a bit of money moving back towards the name.
We are back now with Kaylyn Cormier, Client Education Instructor at TD Direct Investing.
Taking questions on how to get more out of the WebBroker platform.
Plenty are coming in. This Winchester's "price of lumber?" Maybe how to find on the platform?… >> I'm hoping that's the case. I don't know the price of lumber >> I was just at Home Depot over the weekend that's what how much does it cost for 2 x 4?
>> I can show you what we have on the platform as far as different pricing information.
So let's go ahead and hop in and look at the research of the market overall. I'm gonna go markets and overview. Again, not only is this where you can find MoneyTalk Live, there is also a lot of other information available.
We will skip through that video of me showing there.
On the left-hand side of the screen, we can see different prices of commodities.
We have energy prices Have metals agriculture. So that's what we can find.
We don't actually have lumber here.
We have other different types of agricultural information available, as I said, as well as metals and energy.
But unfortunately me on the price of lumber specifically available within WebBroker.
>> Okay while knowing we don't have answers just as useful as knowing what we do. We've been talking a little bit about the CDIC and what it will cover.
So he wants to know what's the maximum that the Canada deposit insurance Corporation will cover for us.
>> Absolutely it's coverages become a lot more of a topic since things and gone on in the US with different banks, obviously it's important to know what coverage we have in Canada.
So what I want to do is help show the viewers where you can find that information. Because all the information on CDIC is available on their website. A medical and share. I have it on my screen screen here. What I did is I came to the site CDIC.
ca.
As I had mentioned before, it is in the rare event that a financial institute faces failure.
up to a maximum of 100,000 per share category.
So there isn't a topic where it's like "this is so much coverage you can have" as long as you're with a different member institution and you have that maximum of 100,000 per insured category per institution, then you should be able to have all the coverage that you want.
So for example within TD Direct Investing, you have different member institutions with GICs for example.
You can buy 10 different company GICs for $100,000 and they could all be covered under CDI see, for example, because there with different issuers.
And within each category that is the case.
So you certainly can get quite a bit of coverage if you're really being Strategic with it. But again, just come to the webpage and go through their FAQs. It really goes into the details.
Another thing I didn't mention but it's important to know, you don't have to apply for coverage or do anything like that.
It's automatic. If there's a failure you would be covered. So it's not something you have to worry about listing or getting in contact with anyone.
That's an automatic coverage in place.
>> Caitlin, always so informative and instructive. The show has flown by.
I look forward to the next time we can do a nice long format like this.
>> Sounds good thank you so much Greg happy to answer questions for the viewers.
>> Our thanks to Caitlin Cormier, Client Education Instructor with TD Direct Investing. Stay tuned on Wednesday, Greg Barnes, head of Mining Equity Research at TD Securities will be our guest take your questions about mining stocks.
A reminder to get in touch with us at moneytalklive@td.com.
That's all her time for today take care.
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