The Canadian Investor - The 10 Most Traded Stocks by Canadian

Episode Date: June 26, 2023

We start this episode by talking about TD’s Investor Sentiment Index and which stocks were the most bought and sold according to TD’s data. We then look at data showing that the yield between equities, bonds and US treasuries is almost identical. We finish the episode by looking at the TSX return this year and the best performing TSX stocks over the last 5 years. Symbols of stocks discussed: TD.TO, ASE.TO, PMET.TO, FIL.TO, WELL.TO, BLU.TO, HWX.TO, KNT.TO, FOM.TO, CS.TO, TSU.TO, XENE.TO, SLI.TO, IVN.TO, LAC.TO, OLA.TO, RUP.TO, SHOP.TO, TFII.TO, NOA.TO, TRI.TO, GSY.TO, EQB.TO, CSU.TO, HCG.TO, ATS.TO SVI.TO, ATD.TO, ATZ.TO, L. TO, IFC.TO, CPX.TO, UNS.TO, ENB.TO, TSLA, SU.TO, NVDA, BNS.TO, CM.TO, BMO.TO, RY.TO, AC.TO, AMD, AAPL, AMZN Symbols of ETF discussed: XIC.TO, VFV.TO, VSP.TO, RSP, XFN.TO, XEG.TO, ZIN.TO, XMA.TO, XIT.TO Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor  Spotify - The Canadian Real Estate Investor  Sign up to Stratosphere for free 🚀 our platform for self-directed stock investing research. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

Welcome back into the show. This is the Canadian Investor Podcast, made possible by our friends and show sponsor, EQ Bank, which helps Canadians make bank with high interest and no fees on everyday banking. We also love their savings and investment products like GICs, which offer some of the best rates on the market. I personally, and I know Simone as well, is using the GICs, which offer some of the best rates on the market. I personally, and I know Simone as well, is using the GICs on a regular basis to set money aside for personal income taxes in April of every year. Their GICs are perfect because the interest rate is guaranteed, and I know I won't be able to touch that money until I need it for tax time. Whether you're looking to set some money aside for a rainy day or a big purchase is

coming through the pipeline or simply want to lower the risk of your overall investment portfolio, EQ Bank's GICs are a great option. The best thing about EQ Bank is that it is so easy to use. You can open an account and buy a GIC online in minutes. Take advantage of some of the best rates on the market today at eqbank.ca forward slash GIC. Again, eqbank.ca forward slash GIC. This is the Canadian Investor, where you take control of your own portfolio and gain the confidence you need to succeed in the markets. Hosted by Brayden Dennis and Simon Bélanger. The Canadian Investor Podcast. Welcome into the show. My name is Brayden Dennis. As always with the dynamic Simon Bélanger. Let's get into it. We have tons of good content. We have a fan favorite topic, which is basically what are Canadians investing in lately? How are they feeling? What's the sentiment?

Let's kick it off with the TD Investor Sentiment Index. Yeah. Yeah. So I sold that one for you. I know you normally do these, but I think it's still, we haven't done in a while. We should try to do it like maybe quarterly or something because it's always super fascinating to look at. Now the index, I'll give a little overview because we actually, I don't think we've ever done that before. So the index they use goes from minus 100 to plus 100, minus 100 being the most bearish, and then plus 100 being the most bullish with around zero being like more neutral. There is four criteria they use. They look at bought, sold, and balanced,

so which is the net activity of equities that were bought or sold during the period. Second thing, chasing trends, which shows what was bought on the way up and what was bought on the way down. Equities, the third one is equities that were bought at extremes. It looks at equities that were bought at or close to their 52-week highs and those that were bought at or close to their 52-week lows. And then the flight to safety or risk on slash risk off, it looks at investors moving to safer investments like cash, GICs, and fixed income. So the index can also be broken down in categories like sectors, which investors felt the most bullish, bearish about, sentiments by trading styles, traders versus long-term

investors, and even sentiment by province or by age. Now for May 2023, I think, yeah, they do this every single month. The overall sentiment is somewhat bearish, so it's minus 18 on that plus 100 to minus 100 scale. And overall, it's been, I would say, relatively bearish for the last 13 months because they have a little graphic showing that with the peak optimism in the past year or so being around January of this year. And now we'll look at some of the names because I think it's really interesting. So you have it up. You beat me to it. I was going to do you want to do most bought? let's do uh most bought and it's really interesting

just to see the jumps too uh that we've saw we've seen for those names all right kick it off here we got uh first oh yeah yeah i didn't want to you had it up so i i'll just go ahead and do it and so the first you're like you're doing this right i'm like no this is this is your section i don't want to steal steal your thunder i'll have some takes later. So the first one, Moe's bought TD up from number two, which is always interesting because TD is always pretty high up there and it's something from TD. It's because it's their platform, their customers. They're very bank biased, dude.

Like, Canadians are weirdly like uh what's the right term like loyal to their bank and i don't know why it makes no sense yeah i know it's just like whatever your parents gave you yeah it's always anyways it's always interesting to look at these so the second one here on the list up from number 10 is enbridge. I'm going to go on a limb and say that probably has to do with their dividend being quite juicy. I think right now it's at around 7% and it's been stock hasn't been doing all that well. So the yield's pretty juicy. So I'm assuming that has something to do here um tesla is number three down from number one sun core no change at number four shopify down three spots to number five this one is not

a surprise i probably not to anyone so number six nvidia uh surprise surprise i'm assuming it probably got most of its gains and this towards the end of may yeah this is may data too so like we're it's probably even higher yeah exactly probably the last couple i think what was it like a few days before the end of the month right that they came out with their earnings yeah uh bank of nova scotia another kind of high yielding canadian bank at number number seven, up from number eight. CIBC, which is number eight, down from number seven. BMO, up from number 12, at number nine. You go on a bank run here, no pun intended. A bank run. So Royal Bank, the last one, up from number 18.

So definitely, you know, Canadians love their banks, and this keeps showing it. Enbridge, Shopify, banks, and Tesla. NVIDIA. NVIDIA is the new Tesla, man. It's the new trade the stock for no reason. For people who are so loyal to Tesla stock, and they're like fanboys of the stock, they make it their personality.

Why do you trade it so much? If you're so loyal to the stock, why are you trading in and out of it so much? Because Simone, good segue, it was the number two most sold stock as well, down from number one. So it's always you know, it's always in the top, like three to five most traded, both on buys and sells. So most people are just in and out of this thing all the time. Not most people, but clearly the data shows people are in and out of it constantly.

Yeah, I think it's really popular with traders, especially. I remember listening to another podcast, maybe a year and a half, two years ago, and the guy was a trader and was talking about Tesla and was saying how it's so liquid and the price movements, it's very volatile in terms of stock too. Super volatile. So it attracts a lot of options traders as well because that's usually where you'll get some of the kind of best potential returns from options too. So I think it may have something to do with that um i've always the thing is here folks don't be using a ten

dollar a trade buy and sell platform to be trading stuff you have other options yeah yeah exactly uh now so the most sold uh which is interesting comparing to the, yeah, the names on the most bought list. But first one, Shopify. And I won't say from where they were up. I'll just go down the list. Tesla, number two. Nvidia, number three. So it's like a lot of people bought it, but a lot of people are taking some profits here, it feels like. Air Canada, number four, TD. Again, interesting to see it here. Number five, AMD. Wow, that one's a big jump. So it was highly sold during the month up from number 28. Number seven, Apple. Number eight, Amazon. Nine, Suncor. And then number 10, Enbridge. So it's funny that there's a lot of overlapping names in both of the lists in terms of most bought and most sold.

Yeah, a lot of these are just super high traded. And it looks like some people are locking in some semis gains with the designers, AMD and Nvidia. I'll also rifle through the most hold most held and it's hilarious because it's td enbridge bank of nova scotia royal bank bell telus cibc suncor apple the first us name and bmo dude, this list is Canadian bias in a nutshell. Yeah. It's Canadian bias. And that brings me to the next point. Call it 53% of assets are held in Canadian equities, more than double allocation to U.S. equities. International equities at only 4%. Very little bonds being held.

That's fine. You know, some cash. That's no big deal. The big thing here is Canadian equities basically is double U.S. and international equity exposure combined. And that is not a good statistic, folks. That's not one we should be particularly proud of. The Canadian home bias is very, very strong here. Very clearly, especially in the most held nine out of the top 10 names are high dividend yielding, low growth banks,

telecom and energy. We got to get a little bit more creative. This list, I think this is why I stopped talking about this list is it's triggering. It's a triggering list. Do self-directed investors do better. This is sad. I think it's important to keep things into context. I don't know what percentage of the Canadian self-directed market TD has, but it's not a huge sample size. I'm pretty confident at saying that because TD, I'm sure they have a decent part of the market, but there's a lot of competition in there. There's cheaper brokers, even like a Wealthsimple that has, I think, no cost. So does National Bank.

So it's just a snapshot. It's very possible that the overall market is slightly different, but I think it's still insightful. I think it's still insightful. The asset class studies align with studies done across all the brokerages. Yeah, and one part I'll be super interested at seeing is the kind of cash and cash equivalent to see if that starts going up. if that starts going up because I referenced the last episode. Next week, I'll be doing a segment on what Canadians in terms of the inflows for Canadian listed ETFs. And that has been, there's been a lot of inflows in money market funds, just not in, not just in the US, but Canada too. And so that one is really interesting. I know you have a segment kind of touching on that a bit later today too. I'm going to talk about something kind of similar around asset allocation.

I got a tweet here from Holger. Oh God, I'm not even going to try to say his last name. That is way too many Zs and Ss and H's together. That's impossible. Do you want to take a crack at that one? Holger Schepitz, something like that. And the first letter of his last name is a Zed. The first and last letters of his name are Zed. Last name is Zed S-C-H-A-E-P-I-T-Z. So we apologize for butchering the name.

Simone, if you could do last names in Scrabble, oh baby. I could do almost anything. This guy's last name. This guy's last name would, you throw that on triple word score, this guy's last name, you flip the board and say, we're done here. As do-it-yourself investors, we want to keep our fees low. That's why Simone and I have been using Questrade as our online broker for so many years now. Questrade is Canada's number one rated online broker by MoneySense. And with them, you can buy all North American ETFs, not just a few select ones, all commission-free so that you can choose the ETFs that you want.

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Get to see our beautiful faces and our graphics. Um, and you can see here the top line, the S&P index earnings yield, which is just the inverse of the PE ratio of the market, uh, gives you a percentage. And you can see it's come down a little bit with valuations gone up here in 2023, took a big, a big dip in 2021 as expected rose in 2022. This is just because the prices went down, right? Prices went down and earnings yields, or earnings and forward earnings looked pretty good because that's what this is, forward earnings. U.S. corporate government investment grade bonds,

sorry, not government. U.S. corporate investment grade bonds have risen dramatically, not government. U.S. corporate investment-grade bonds have risen dramatically, of course, and so has the U.S. three-month treasury rate. And they basically all meet at about five and a half, just under. And apparently this hasn't happened in multiple decades, apparently, from not only this graphic and the comments below on Twitter. So I thought this was quite interesting. This is not a, hey, run for the exit sign on equities and get into

fixed income. But it is interesting to see how different the environment is that we are now in compared to the very, very low interest rate phenomenon that we've been under for the better part of 15 years before this. Yeah, exactly. And earning zeal, typically the higher it's going to be, the better potential returns that you'll have, at least for the medium term, at least I would say, but even into the long term. But having more possibilities, I think it's really interesting because I've been saying that quite a bit and my portfolio I've been allocating a little bit that same way is that it's so attractive now you can park in one to three months US treasury bills and you

get over 5%. And it's backed by the US government. So it's, it's, you, I don't know, there has to be a bigger gap for it to make a whole lot of sense to invest in equities. Obviously, if your dollar cost average, it kind of alleviates some of that issue that people might have. But again, you know, you do have this other option where, you know, you don't need to do one or the other. But again, you know, you do have this other option where, you know, you don't need to do one or the other. But like, what I'm doing is just I'm doing kind of a split between both of them. Because, you know, it's kind of nice to have some dry powder that's yielding 5% plus right now in my portfolio. And if I do see some really good opportunity,

then I'm ready to pounce on them. Yeah, good point. There's like an implied IRR and having the ability to act on opportunity. And for those who are listening at home and you hear the talking heads on financial media websites and TV stations, you'll hear earnings yields or free cash flow yields. It is just the inverse of the price to earnings ratio. So price to earnings ratio is price over earnings. So price of the share versus earnings per share as the denominator. This is flip it. So earnings up top, price on the bottom. And it sounds more fancy, right? Because now you're in a percentage and you get like, you know, the earnings yield, the implied earnings yield. And this one's 12 months forward. So looking at

next year's earnings. So don't get tripped up when you hear fancy words on the internet and in TV. Oftentimes, it is a refreshed version of something that you already know. But you got to sound smart. So you got to use words that people are not as familiar with. Using the good old PE ratio, that's too elementary. I got to sound smarter than that. Earnings yield. It's like the Win winnie the pooh

bear yeah it's like the the the basic winnie the pooh price to earnings ratio on the bottom he's got his like top hat and sophisticated earnings yield yeah i mean it it is useful here because you can compare like percentage to percentages it would be really weird to try and compare yeah price to earnings but for sure often times it may sound complicated and unfortunately the talking heads they never or very rarely explain it they just assume that either

they think people already know it or they know that those who don't probably won't check and they'll listen to everything they say I feel like it's usually the two ways they kind of approach things. Yeah, don't get me wrong. For this graph that I showed,

you got to throw it in an earnings yield so that you can compare things on a percentage like for like basis. And that's why it's used and useful. But like what you said, there are a lot of terms. My point is there's a lot of terms that are used that sound complex but aren't. And they're renewed lot of terms. My point is there's a lot of terms that are used that sound complex but aren't.

And they're renewed version of terms that you might already know and understand. But if you use fancy terms, it describes your need. Because often these people are money managers and collect management fees. And if your customers, your clients don't know what you're talking about, then it means that you're needed, right? You're so far and above smarter than me. I need to keep paying you for these fees. I'm not hating on money management. It's a very worthwhile industry that helps a lot of people. I'm just letting you all know it's often not as complicated as it seems. All right, on to the next topic here.

Yes, I wanted to look back at how the TSX has performed so far this year because we talked quite a bit about the S&P 500. And as a general rule, there's also just more data available for the S&P 500. I don't think I'm breaking that to anyone. So it's much easier to find pretty easily some data where the TSX, there's not as much and you have to look for it a bit more. It's a bit harder or you have to do it yourself in some instances. But I wanted to have a look at it because first, you know, how has the TSX performed as a whole compared to the S&P 500? Is it doing better or worse? I feel like

Brayden, you probably already know how it's doing. So it's doing definitely a bit worse than the S&P So what I use is I actually use four ETFs. So I use VFV.TO, which is an S&P 500 non-hedge ETF, VSP.TO, which is the Canadian hedge, the RSP, which is the S&P 500, again, but equal weighted, and then XIC.TO, which is the BlackRock S&P TXX capped ETF. Now, in order, the best performing one which is a little surprising but it is kind of short term right year to date is the Canadian hedge at 15% year to date total returns. VFV.TO the non-hedge 12%. The equal weighted S&P 500 at 6% and then trailing in the back the S&P TSX cap ETF at 4%. So it's definitely

trailed from that perspective. However, I wanted to look at the different sectors if it's being dragged down by certain sectors or pulled up and how it looks because we've talked about it this year. Obviously, the S&P 500 has been pulled up big time by tech specifically. Without those big, you know, top 10, 15 market cap companies, most of them being in tech, you know, the S&P 500 would be not performing all that much better than the S&P TSX. So let's look at the top five sector of the S&P TSX to see how they've performed. Together, these five sectors represent about 80% of the index. So I'm looking here at financials, energy, industrials, materials, and information technology. So financial, it's roughly 30% weighting. So using the iShares S&P TSX financials

ETF, ticker XFN.TO, it has 2% returns this year. Energy, 17% weighting. So again, using the iShares S&P TSX energy index ETF, this one is XEG.TO, 0% return. So it's pretty much flat. I'm assuming this one is being pulled by the dividends because obviously energy has not performed all that well and to get back to the financials actually before i move on to industrials um surprised me that there it's actually performing above water considering everything that's happened in banks and in the u.s um what are your thoughts on that one did you expect financials to be performing a little worse than they are i think that they got so beat up when was the

when was the svb collapse uh march 10th 8th 10th around there yeah okay so fairly fairly recently i think that they just got so beat up maybe. Yeah, I know. It's possible. I think obviously Canadian banks are not US regional banks, but I still was expecting probably a little bit underwater for the year. But I mean, I know a lot of people hold banks. So thankfully for, I'm sure a lot of our listeners are doing pretty well. So help me understand. This financials is just for the S&P TSX, right? Yeah, exactly.

Because I see on your graphic here that there's also the S&P 500. Okay, as a comparison. So I compared. Okay, I'm with you. So I compared the whole TSX composite versus the S&P 500. And then I'm just kind of drilling down the S&P, sorry, these S&P TSX in terms of the different weightings and sectors in Canada. Because as everyone knows, we're heavily weighted towards especially financial energy, but also industrials, materials, and IT are the big five sectors in Canada. Look at tech.

Yeah, I'll go over that. So now the next one here, industrial. So the weighting here is 14%. I use the BMO Equal Weight Industrial ETF. It's the only one I could find that made sense. Ticker ZIN.TO. And this one has had 12% returns this year. So I'm not surprised industrials have actually performed quite well.

Materials, 12% weighting. Obviously, a lot of the mining companies here. And using the iShares Cap Material Index, XMA.TO. This one is a bit underwater, so minus 1% returns. Not surprising, commodities have not performed all that well so far this year. And then the one you referenced, information technology, 8% weighting. And I use the iShare cap information tech ETF, XIT.TO, which not a lot of names, obviously, because Canada is not a major player in tech. It's Shopify and Constellation.

Yeah, 50% of the index is those two. And this one has returned 35%. So it's been, I guess it aligns with the U.S., what we're seeing, because I've also pulled some information from sector SPDR. And it's actually, you know, obviously in the U.S., there's definitely more of a sample size. But, you know, it gives people an idea of what it looks like in the U.S. and they have more names in the index. So, of course, I think the data is a little bit better

because there's such a limited amount of names, especially for certain sectors in Canada. But it still, you know, aligns pretty quickly. If you look at tech in the US, it's up 39% and 35% for the TSX. And all the other sectors, I think, are pretty in alignment. Obviously, communication services, that interjects a lot with tech, you have like a Google, for example, or Alphabet, which is typically in that sector. So keep that in mind, if people are kind of wondering why they're doing so well. But yeah, the TSX, you know, it's performing not as well as the the S&P 500. But overall, the sectors are pretty similar.

500, but overall, the sectors are pretty similar. That tech number is alarming. I guess the key here, right, is we just touched on this a second ago. Whenever you're presented with data, it's always really important to remember to drill down. And we just did drill down, but it's easy to kind of quickly overlook that. We said, okay, it's mostly Constellation and Shopify. And look how those two constituents have done well. And this leads me to a point where you're talking about this index performance year to date, and you're seeing the S&P up like what, 15% year to date, roughly. roughly. And you get tricked into thinking that the market has just been ripping higher across the board when it's really just a few select names that have driven so much of the performance on a market cap way to adjust. What has Apple done year to date, which is what, like 8% of the S&P these days? Apple stock year to date total return is up. I mean, it's doing well and it shows, right? If you just look at the RSP, which is the equal weighted S&P 500. 48? Is it? Dude looked on i looked on stratosphere and i was like i can't be right that number's gotta be wrong i'm like that number's gotta be wrong 40 i just checked

a bunch of other sites oh yeah it is and then even just the just in just the google just a graph uh apple opened year to date at 125 and it has been nothing but up yeah i guess my uh 48 bro didn't i talk about that a couple months ago on a two and a half trillion dollar business i mean we were just talking about how it's gonna hit three trillion or whatever soon but my goodness the ultimate blue chip or safety stock i think that's what it is. People just go to Apple because, you know, it's been dominating for so long. And yeah, it's just, I think it's just that, it's just what it is now. People go to Apple because they view it as a safety stock, a safety tech stock that they get uh you know a an allocation or exposure to the tech space but with like extreme safety i think that's how people view apple maybe i'm wrong but

what's the other explanation the second largest constituent at two and a half trillion microsoft is up 40.6 year to date just the share price and you've been paid a couple bucks on the div like where i'm going with this is don't be don't be alluded into the fact that you see you know the market's gone up or say to yourself oh you know i'm i'm a bad investor because I'm underperforming this year. It's basically just a few names that are mostly mega caps that are driving almost all the returns here for the S&P. When you have something that's 8% and 6% of the weighting, respectively, that are up 48% and 40%. And then you have Nvidia, Tesla, Google, the Magnificent Seven or whatever people are calling them these days, up big. And it's June. It's very misleading and it can be frustrating if you're not in those names right

and that's why people say it's so hard to beat the index exactly because it is yeah and i you know i i definitely have more i don't have that much exposure to those names like directly but i do have a quite a decent amount with my index funds, especially my pension, but other index funds that I have. So I think, you know, for me, it's, I guess it justifies having that hybrid approach where I do invest in some specific companies, but I have a decent portion in the index. But no, I think it's super well put. I mean, like I've mentioned a couple times now, if you look at RSP, which is the equal weighted i mean it's doing well at six percent total returns but i mean it's it's nowhere near the 15 of the market cap weighted

yeah i'm having a good year i know that yeah me too i know you are too yeah after 2022 i mean it's good for a change yeah you're up over 20 i'm up over 20 yeah yeah i mean it's i it also shows that we you know we invest long term we don't panic it would have been easy to panic after 2022 especially after monster 2020 and 2021 uh but at the end of the day you know you can't really time the market bro your book did 64 in 2020 yeah yeah i did i had your returns were you did 64 in 2020 and 29.8 in 2021 uh in 2020 i did 14s he smoked me but then i got you in 2021 at 36 2022 i got crushed especially with my bitcoin 22 you had a you had double the drawdown i did so yeah i'm i'm over here boring uh boring as can be uh no dude i mean we've done well and the reality is is we're not

trading we're not in and out of names. This is the, this is the really important thing, right? We're just talking about people being in and out of names all the time. If you like the stock and it's up 20%, why are you taking profits on something that, you know, I was just listening to Barry Schwartz and he was talking about first service and he, you know, he bought first service stock in 2004 and they sold it in like 2006 after making a nice gain on it. And I guess this would have been a split. I can't really see what it would have been because they had the split with Collier's or whatever. But way back then, he would have made like a 28 bagger and he sold it because he made like, you know, I'm going to make up the number. But he made a nice gain for his clients.

He's like, don't sell winners. And I'm like, yeah, it's actually true. Don't sell winners. But at the same time, some things are getting pretty frothy. But at the same time, some things are getting pretty frothy. It's hard to – it's the hardest thing about investing is there's nuance. It's like don't sell winners, but it's like – You can't hold them blindly either. I think it's – don't get us wrong either in what we're not saying.

I think we invest for the long term, but you also have to make sure you know and you keep knowing the businesses because a winner, you know, a company that you've done extremely well with could be ripe for disruption. And if you're not aware of that or you don't, you know, change your allocation a little bit, you don't need to sell the whole thing. But, you know, maybe you take some risk off. You have to be aware of these things because yes winners win i totally agree with that but at the same time you know there's countless winners that have done extremely well that did not uh adapt well to change and they are just shells of themselves and obviously the the one that or grow into their value yeah exactly or Or like one that's easy to dunk on as a Canadian, but BlackBerry, right? Like you could have seen BlackBerry, you know, in its heyday, like, oh, I mean, it's been a fantastic stock.

Why would you ever sell it? And then BlackBerry didn't really adapt to the changing landscape with the smartphones and what Apple was doing. Have you watched the movie yet i've been i've been taught i've been i keep getting told it's amazing it's still in theaters right really i think yeah it's still in theaters i'll probably watch it when it comes to uh to the home screen that's right yeah the home screen. Have you watched the Arnold Schwarzenegger documentary yet? We started, yeah. So it's still just finished or close to finishing the first episode. As new parents, you know, once it gets to 9.30 at night, we start getting tired yeah i hear you i hear you yeah i've been doing it in pieces i'm almost done uh it's on netflix highly recommend folks i could run through a brick wall after watching that like he's so inspiring uh makes me want to just go lift some heavy weights and like be great at

everything yeah because he's uh he's very i'll join you once I warmed up for 20 minutes and stretch. That's right. Taking four preventative ad bills. As do-it-yourself investors, we want to keep our fees low. That's why Simone and I have been using Questrade as our online broker for so many years now. Questrade is Canada's number one rated online broker by MoneySense. And with them, you can buy all North American ETFs, not just a few select ones, all commission free so that you can choose the ETFs that you want. And they charge no annual RRSP or TFSA account fees.

They have an award-winning customer service team with real people that are ready to help if you have questions along the way. As a customer myself, I've been impressed with Questrade's customer service. Whenever I call or email, every support rep is very knowledgeable and they get exactly what I need done quickly. Switch for free today and keep more of your money. Visit questrade.com for details. That is questrade.com. Here on the show, we talk about companies with strong two-sided networks make for the best products. I'm going to spend this coming February and March in an Airbnb in South Florida for a combination of work and vacation and realized, hey, my place could be a great Airbnb while I'm away. Since it's just going to be sitting empty,

it could make some extra income. But there are still so many people who don't even think about hosting on Airbnb or think it's a lot of work to get started. But now it is easier than ever with Airbnb's new co-host network. You can hire a local quality co-host to take care of your home and guests. It's a win-win since you make some extra money hosting on Airbnb, but can still focus on enjoying your time away. Find a co-host at airbnb.ca forward slash host. That is airbnb.ca forward slash host. Let's talk about 20 Canadian stock winners. This is the Canadian stock content day today. Canadian stock winners, 20 names on the TSX that have at least 500 million in market cap today. And why? Well, because winners win with nuance. This is total return

share price plus dividends. I'm going to run two screens. So the first one is in order. Oh yeah, you're sharing it up. Good, good, good stuff. Asante Gold Corporation, Patriot Battery Metals, Filo Mining, Well Health, Bellis Health, Headwater, K92, Foreign Mining, Capstone, Tricera Group, Xenon Pharmaceuticals, Standard Lithium, Ivanhoe Mines. More mining names. Shopify, TFI International. Okay, so I look at this list and I go, hmm, a bunch of materials and mining and exploration

companies that have largely been boom bust. And this is the problem with chasing returns, is this list is a list of mining stocks that have gone up a lot because they've done well, or their exploration project went well. Boom bust type businesses, not the types of compounders that I'm looking for. And so you know what I did? I adjusted the screener and I removed commodity names. I removed mining, I removed material, I removed energy. And the reason for that is because this next list is actually a mostly high quality list of businesses to learn more about and give you some ideas, generation, on companies that have done very well, but not recently. This is a compounded annual growth rate, total return of five years. At first, we have Tricera Group,

the only, Tricera Group and TFI International, the only two names that were on the first list. Thompson Reuters, Element Fleet Management Corp. Watch out for this one, actually. Do some digging. I don't know about that one. GoEasy ATS Corporation, which is an automation company. It's pretty cool. Home Capital Group has bounced back quite a bit.

Constellation Software, Stantec, the engineering firm, EQ Bank. Oh, baby, we love EQ Bank. Descartes, which is, I'm saying wrong, but that's ticker DSG. WSP Global, the engineering firm, roll up a stock I have owned for five. I've owned the stock since 2018. It's done tremendously. i think there's still a huge room for growth there even at 17 billion in market cap storage vault kushtard keeps getting it done aritzia which is on a nice little pullback dude i went into aritzia the other day at the mall a little channel check they're doing all right they're gonna be all right gonna be okay yeah they're gonna be just fine gonna be okay yeah they're gonna be just

fine the next little after my rant last time they're gonna be just fine i saw hundreds and hundreds and hundreds of women between 18 and 32 in there they're they're exact and 10 guys on their store just kept going 10 guys on their smartphones while their girlfriend their spouses are looking around yeah yeah yeah exactly it's it's the boyfriends and then there's there's me well i was with my girlfriend and there's me doing channel checks you know i'm seeing how how much discounting is going on inter how many interviewing customers like how much have you how much did you spend last year how much discounting is going on. How many people are converting? How much did you spend last year?

How much are you expecting to spend in 2023 on Aritzia clothing? Are you expecting? Would you say your Q3 spend is, would you say there's good guidance for your spend in Q3? Yeah, do like customer interview. They're like, sir, you have to leave the change interview. They're like, sir, you're in the, you have to leave the change room. I'm like, okay, sorry, I'll leave.

No, they're doing just fine over there. Loblaws, which has been on a tear, Intact Financial, Capital Power, and UniSelect. What is UniSelect again? What do they do? They like, I think they're in quebec mostly they're like pharmacy chain potentially distribution okay never mind like i don't know uh yeah it's a logistics business 15 distribution centers looks like they're out of brampton ontario i was

completely off i'm like oh it's a quebec company pharmacy just forget just take you know i think you have uni lever maybe you're gonna leave yeah no i feel like we there anyways i don't know i feel like i got confused on something but uh so just forget the last minute that i i talked to you just and i just blacked out for the whole thing don Don't worry about it, buddy. That does it for today's show. Lots of ideas, lots of names of different securities, some that I'm not too particularly interested in,

some that I am. So I've tried to comment where necessary. If you're wondering how I was able to quickly pull Simone's returns and my returns, it's because we track it for the world to see at join tci.com. We track for the world to see for $9 a month, the world to see if you just take your bank account, your $9 and make it, Simone and I is $9. But with that, you get to see our portfolio updated every single month, as well as this podcast on video. You get Simone's income portfolio that you do every single quarter, which essentially like stemmed from helping out your parents,

if I recall correctly. Yeah, no, that's it. Cool. That's at jointdci.com. And we're about 14 days-ish from increasing prices on Stratosphere from today. And the prices are going up significantly because we have now locked in.

Institutional data quality. So if you've been humming and hawing or you're on a free account, the price is going up dramatically very soon because this data is very expensive and we need to attract institutional data quality. But don't worry, you can lock in and grandfather in at today's pricing. So if you do want to subscribe to stratosphere at stratosphere.io that's there with this launch simone finchat is going from 800 companies to 60 000 global securities oh slight increase everything it's just a cap to small cap, from India to Brazil to Japan to China to Europe, you know, small caps in Poland. serial acquirers in Sweden and Poland that I've been researching that trade at ridiculously cheap multiples for very high quality acquirers.

No one knows about it. So that's a good little hunting ground. Yeah, no one buys them. Who's looking at mid caps in Sweden and Poland? Like the investment universe is so, like people don't really have that in their universe. But there are some really good names that only trade there. The same way that there's some really good roll-ups here in Canada that no one looks at. So same thing. All right, folks. Take care.

We'll see you in a few days. Bye-bye. The Canadian Investor Podcast should not be taken as investment or financial advice. Brayden and Simone may own securities or assets mentioned on this podcast. Always make sure to do your own research and due diligence before making investment or financial decisions.