April Showers
Bradley Goldhar - Apr 26, 2022
Weekly "Focus" and April Showers It’s been a pretty dismal start to spring with lots of rain and gray, overcast skies.
Weekly "Focus" and April Showers
It’s been a pretty dismal start to spring with lots of rain and gray, overcast skies. Our garden is definitely looking in need of some tender loving care meaning we’ll need to head over to our local home improvement centre to get some supplies. While they were certainly beneficiaries of consumer spending during the Pandemic, companies such as Home Depot and Lowe’s have seen meaningful share price declines in 2022. Higher mortgage rates are creating concerns around the prospects for the housing market and spending on home renovations. Interestingly, shares of Canadian Tire* are up this year owing to the company’s different business mix which also includes Helly Hansen, Mark’s Work Warehouse, Party City and SportChek.
| Company | Return in 2022 | Dividend Yield |
| Canadian Tire (CTC.A) | +5.4% | 2.7% |
| Home Depot (HD) | -25.2% | 2.4% |
| Lowe’s (LOW) | -20.7% | 1.% |
This week’s "Focus" from our economics team is available in our Resources Tab under Economic and
Market Updates. Click on the link https://nesbittburns.bmo.com/bradley.goldhar/resources
Have a great weekend and please stay safe,
Brad
Bradley Goldhar | Senior Portfolio Manager and Senior Investment Advisor
BMO Nesbitt Burns Inc. | 1 First Canadian Place | 39th Floor | P.O. Box 150 | Toronto ON M5X 1H3 416.359.6650 (direct) | 416.359.7219 (fax) | 1-800-263-1883 (toll free)
bradley.goldhar@nbpcd.com
www.goldhargroup.com
Source:
(i) ThomsonOne
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