When to take profits? Take profits when a stock makes up a dispoportionate part of your portfolio. This is a core holding of his. It's the best oil sands stock in Canada. It's has a fine integration operation, meaning they own refineries. They also boast dividend growth and a share buyback program. This stock can go higher.
Will debt-laden Canadians slow consumer staples stocks? Yes, rising interest rates and higher mortgage payments will take a bite out of consumer spending. But consumer staples aren't discretionary; there are groceries and prescription drugs. A real worry is consumer discretionary like cars and furniture.
There's talk of reforms forbidding Canadian banks from selling mutual funds beyond their own brand which will decrease bank stocks. There's long been talk about such reforms. Things move very slow in Canadian regulatory affairs. If this happens, the banks will find ways to recoup margins by squeezing the margins of the independent fund managers. Further, in Canada, we lack the animosity that American banks and regulators have. Canadian banks are stable, so your risk and bank dividends are safe.
It's in the middle of a major, transformational capital project worth over $3 billion project involved in propane. Alberta is awash in propane. IPL is benefitting by building this plant. It's taking a while to do this, because it's the first plant of its kind in Alberta, so there's a learning curve. But he's confident about the overall project which will enrich IPL's bottom line.