Hilliard’s Weekend Notebook

Thoughts, views and opinions as current events unfold: With topics taken from current market events and my latest book — When the Bubble Bursts: Surviving the Canadian Real Estate Crash (Dundurn: March 2015)  and my first book Investment Traps and How to Avoid Them (1999) — this short piece will give you unique and valuable insights filtered by my thirty-six years’ experience as an investment professional.


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The stock market looks past the new coronavirus

Published by Hilliard MacBeth on Feb 14, 2020

The coronavirus that originated in Wuhan, China is causing worry all over the world, as the virus appears to cause severe sickness in about 20 percent of confirmed cases, and death in about 2 percent. The stock market is near record high levels, having... Continue reading
Guest post: Retirement and planning

Published by Jonathan MacLeod on Feb 07, 2020

One dilemma that most people eventually face is the decision of when to retire. There are the obvious financial factors that drive this decision as well as some factors that receive much less attention such as health, lifestyle, and psychological. Given... Continue reading
U.S. energy self-sufficiency is a game changer

Published by Hilliard MacBeth on Jan 31, 2020

The U.S. is close to self-sufficiency in energy, which is changing the balance of power in the world’s oil markets. The price of crude oil surged briefly in the first week of January after the assassination of an Iranian general by the U.S. military.... Continue reading
The climate change crisis hits the finance world

Published by Hilliard MacBeth on Jan 17, 2020

A new year and a new decade triggers thinking about what the most rewarding investment theme will be over the next year and beyond. A leading candidate for a dominant theme is the impact of climate change risk. Bank of England Governor Mark Carney said... Continue reading
The U.S. obsession with Iran

Published by Hilliard MacBeth on Jan 10, 2020

People are wondering what will happen after the U.S. assassinated a senior Iranian commander, Major General Qassim Suleimani. Iran is a long-time enemy of the U.S., after the hostage-taking of 52 Americans at the U.S. embassy in Tehran and the overthrow... Continue reading
Canadian economic numbers take an abrupt turn

Published by Hilliard MacBeth on Jan 03, 2020

Canadian economy followers received an unexpected jolt last week in the form of a GDP report that fell into negative territory. The October GDP report was minus 0.1% and adds to the evidence that something unusual is going on in Canada. The November labour... Continue reading
The Trump impeachment begins

Published by Hilliard MacBeth on Dec 20, 2019

President Donald J. Trump, 45th head of state, is now the third President since 1776 to be impeached by the House of Representatives of the United States. The next step is a trial to be held in the U.S. Senate, and a vote that will determine acquittal... Continue reading
A comfortable retirement is not guaranteed

Published by Hilliard MacBeth on Dec 13, 2019

The era of a comfortable retirement funded by defined benefit pension plans is fading rapidly from the scene in North America. Companies and governments offering defined benefit plans are struggling to fund their obligations. Some have even reduced payments... Continue reading
Canadian banks still face headwinds

Published by Hilliard MacBeth on Dec 06, 2019

Canadian banks face stiff headwinds next year. They will have to deal with increasing loan losses, weak capital markets and slow retail lending. This is the start of a period of elevated risk, as the credit cycle turns. Should investors reconsider their... Continue reading