Apple’s New CEO + The Company Challenging Home Depot
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What does Canada's latest CPI report reveal about inflation?
Investing is simple, but don't confuse that with thinking it's easy. A stock is not just a ticker. At the end of the day, you have to remember that it's a business.
Just my reminder to people who own cyclicals, don't be surprised when there's a cycle.
If there's uncertainty in the markets, there's going to be some great opportunities for investors.
This has to be one of the biggest quarters I've seen from this company in quite some time.
Welcome back to the Canadian Investor Podcast. I'm Simon Belange. I'm back with Dan Kent. We're back for a news and earnings episode. Earnings are starting to pick up, but quite a bit on the news front. Some big departures. CPI data for March as well. That will be touching on Adobe doing some massive buybacks. And then QXO, the company that Braden had brought. to the podcast when he came on a few weeks ago, one of his or his most recent acquisition or not acquisition, but buys. And so big news regarding that. And then we'll finish up with TSMC and if we have time, United Health. So aside from that, Dan, anything I'm missing before we get started? No, it should be pretty good.
There's still not a lot of Canadian companies reporting, but lots of U.S. news to talk about for sure.
Yeah, exactly. So let's start with CPI, I think. Not to obviously go into too much detail, but I think it's something we need to talk about because of the war in Iran and how much energy prices have risen. So headline CPI increased 2.4% year over year, and that was compared to 1.8% for February. And when you're looking on a month-over-month basis, so the changes from February to March, It was up 0.9%. So that's large. If you annualize that, that's 8.4%. So pretty massive. And it really came as no surprise that higher energy prices played a big role in the jump in inflation in March. However, gas prices only jumped 5.9% on a year-over-year basis. So some of you may be listening to this and say, what? Yeah.
What are you talking about? Like I'm paying way more than 5.9% extra, even if I'm thinking about last year. Well, that's because last year the carbon tax was actually still in effect in March and got removed in April of last year. So April 1st, 2025 was the effective date for the removal of the carbon tax. So really some base effects changes here. It'll be interesting to see in April because using that logic, it should be a much larger jump on a year-over-year basis because it will be the first month where the data will not be impacted by the carbon tax, which will have been fully removed now for a full year, but gasoline was still up. Was up pretty big when you're looking on a month-over-month basis.
It was up 20% compared to February because, of course, the carbon tax had no impacts there. So before I continue, Dan, anything of note here for you from your perspective?
No, I mean, the headline number seems quite small, but again, it's been the situation for a while now where the elements that hit literally everybody, like food, gas, shelter, I guess, not to a huge degree now, but people are still feeling it despite CPI being in range, I guess you could call it.
What significant leadership changes are happening at Apple?
This is kind of in their target, but I've definitely felt it at the grocery store and especially at the gas pump. It's been wild over the last while.
Yeah, exactly. And definitely energy prices as a whole, they were up 3.9% year over year, again, for the same reasons that I mentioned when you're talking about the carbon tax. But it was also muted by natural gas actually declining to the tune of 18%. Food prices, like you said, they continue to rise pretty quickly. Food purchase from store was up 4.4% year over year following a 4.1% increase in February. Some of the good news here for those who are updating their wardrobe. So you're looking at a decline of 0.4% year over year. I'm in that situation where I was still wearing some of my pandemic era clothes. So definitely got some pretty good deals. I have to attest that I got some pretty good deals as I've been growing.
revamping my wardrobe over the last month or so and then if you're looking at that year over a year just a small increase of 0.3 percent core cpi was around target well sorry yeah it's around the target of you know that two percent or range of one to three percent but the midpoint being two percent so core cpi
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Chapters
8 chapters
1
What does Canada's latest CPI report reveal about inflation?
0:01–3:32
2
What significant leadership changes are happening at Apple?
3:32–6:32
3
How might Apple's product pipeline change under new leadership?
6:32–10:00
4
Why is Adobe's $25 billion buyback announcement significant?
10:00–12:46
5
What implications does QXO's acquisition of TopBuild have for the industry?
12:46–16:35
6
How is TSMC positioned for growth in the AI infrastructure market?
16:35–20:14
7
What challenges and opportunities does TSMC face in semiconductor production?
20:14–23:38
8
How do traditional companies adapt in the age of AI?
23:38–45:16
Speakers
4 identifiedMore from The Canadian Investor
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