Please find a link below to a recent appearance by BCV’s Tony Demarin on BNN’s Business Day AM segment on Wednesday, May 6th.
In this appearance, he discussed Sun Life Financial Inc.’s earnings announcement from earlier in the day and its long-awaited dividend increase. He also discussed their expectations for the large Canadian insurance companies and thoughts about the earnings announcements from Great-West Lifeco Inc. and Manulife Financial Corporation that were upcoming on Thursday May 7th.
He also briefly discussed two recent trades; the sale of Enbridge Inc. and Imperial Oil Ltd., noting these companies were sold based on short-term valuation, rather than on the long-term fundamentals of the companies. Finally, he concluded with some remarks about the near-term weakness in the price of Canadian bank stocks.