Yearly Archives: 2017

The Ugly Truth About Inflation

Why Do Governments Target 2% Inflation? The Bank of Canada maintains an inflation rate target of 2%. The official websites of Central Banks in the U.S., in Europe, and in Japan all appear to target this magical number when deciding how to conduct their monetary policies. But why? Inflation isn’t necessarily a good thing. There are ways to grow the economy and generate… Read More »

Is Enbridge Stock a Good Buy at $47?

tl:dr. The answer is yes, Enbridge is a good buy. 🙂 Fair Market Value of Enbridge (ENB)  Canadian pipeline company Enbridge is currently trading at around $47 per share. But based on Benjamin Graham’s formula for valuing stocks, which I’ve discussed before, the fair market value of Enbridge should be around $62. Enbridge stock’s EPS is $1.96. The growth rate (g)… Read More »

Preparing For Slower Growth

Canada’s trade deficit rose to a disappointing $3.4 billion in August, one of the highest ever recorded. Economists had predicted $2.6 billion, lol. They were way off. Both imports and exports were down, which suggests the entire economy may be in trouble. It doesn’t help either that Canada’s currency has advanced 7% over the past 6 months, largely… Read More »