Inflation Hits 3.2%, Couche-Tard Rallies & Airline Troubles
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What is the latest Canadian inflation rate and its impact?
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 to the Canadian Investor Podcast. I'm back with Dan Kent. We're back for a news and earnings episode. A bit quieter on the news front this week, which is a bit of a surprise because it feels like every single week we had some big news to... to cover on the podcast, a lot of the time unexpected too, especially as earnings were slowing down. But that's all right. There was still a decent amount of news. So we'll still have a good episode. It might be more like 30, 35 minutes in length, but we have some fun stuff to talk about. So we'll talk about Canadian CPI for May 2026. What came out of that? Empire's earnings. So the grocer. We'll talk about Alimentation Couchetard. We'll also talk about Air Transat that had some interesting results here.
Stingray, a company that I don't think we've talked about on the podcast. So the media company, really surprising results in a good way that I didn't know they were doing that good. And we might touch a little bit on that domestic stability buffer that Dan Fosch and I talked about during the Friday Live that would have been published on the podcast feed on Saturday. So if we have some time at the end, we'll talk a little bit about that, add a bit more context. But that's interesting. That's the overview of what we'll be talking about today.
Yeah, we're just missing Micron, which reports after the bell today, which will definitely be a very interesting, I would say like market carrying quarter. If they report bad earnings, I would expect some ugly results tomorrow. Obviously, we're recording this Wednesday, June 24th, so we'll see what those earnings look like.
How are rising gasoline prices affecting consumer spending?
But yeah, it should be a pretty good episode. Not a lot of popular companies reporting right now, but it's a pretty slow period. Mm-hmm.
Yeah, and for Micron, I'll probably touch on it on the Friday live recording with Dan Foch. We won't be touching on it next week because we recorded some episodes in advance. I have a really good guest coming on. You may have heard of him. So if you're familiar with The Wealthy Barber, it'll be... It'll be coming. So Dave Shilton came in on the podcast, recorded that yesterday. So you'll have it next week. So we did some early recordings because Dan and I are taking a little bit of time off for the 1st of July week. But you'll have some fresh episodes. So make sure you stay tuned. So I'll probably, like I said, talk about Micron during the Friday Live. And speaking of the Friday Live, just be on the lookout.
The podcast cover that I will show you up on your podcast feed will be slightly different. So we're rebranding, doing some... More modern, I would say, podcast cover. Really nice looking, so I'm pretty happy with what we have so far. So you'll see that for our feed, a new one for the macro investor, and then we'll have a different one for our podcast, but it will stay on the main feed. And then for those who also listen to the Canadian Real Estate Investor, there's going to be a new podcast cover there as well. So enough about the, I guess... Housekeeping. Maintenance. Housekeeping. Yeah, I was like trying to think about the term because I'm a bit tired due to a 12-year-old puppy that keeps waking up during the night.
So if I'm looking for my awards, that would be the reason. So Canadian CPI May 2026 came out. Headline CPI came in at 3.2%.
What were the earnings results for Empire and their implications?
Higher gasoline prices help push prices higher. I'm sure I'm not. It's not breaking news for anyone who has drives, who has a car. Obviously, we talked about it quite a bit on the podcast, higher gas prices. So it's been putting some upward pressure on prices here. In the release, they said that excluding gasoline prices would have been up 2.2% in May and 2% in April.
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Chapters
8 chapters
1
What is the latest Canadian inflation rate and its impact?
0:01–2:08
2
How are rising gasoline prices affecting consumer spending?
2:08–3:46
3
What were the earnings results for Empire and their implications?
3:46–7:07
4
What challenges is Air Transat facing in the current market?
7:07–9:40
5
How did Couche-Tard perform in their latest quarter?
9:40–12:23
6
What surprising growth has Stingray experienced recently?
12:23–14:34
7
What does the OSFI's decision on the stability buffer mean for Canadian banks?
14:34–16:24
8
How might changes in lending policies affect the broader Canadian economy?
16:24–42:39
Speakers
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