VERITAS Investment Research - News and Insights

November 11, 2020
Take our Annual Real Estate Investor Survey - If you own at least one residential real-estate property as an investment, we’d like to hear from you in this short six-question survey.

November 06, 2020
Veritas in the News: Why we upgraded three of Canada’s banks - Veritas Investment Analyst Nigel D’Souza appeared on BNN Bloomberg to explain why he no longer has a SELL on all of the Big Six

November 03, 2020
Veritas in the News: How a murky balance sheet line signals weak profits ahead - Veritas Analyst Dan Fong provides insights into how investors should look at deferred tax assets in this Globe & Mail article

October 27, 2020
Veritas in the News: Oil patch primed for more consolidation in wake of Cenovus deal for Husky - Veritas Analyst Jeff Craig is quoted in this article by The Financial Post about why more mergers may happen

September 17, 2020
Veritas in the News: Bombardier bonds, shares rise as rail sale to Alstom is signed - Bloomberg quoted Veritas Analyst Dan Fong on the stock market reaction to Bombardier finalizing the sale of its train unit

September 15, 2020
Veritas in the News: Downtown Won’t Become a Ghost Town - Veritas President and CEO Anthony Scilipoti and REIT Analyst Howard Leung discuss real estate investing in this Morningstar Market Insights article

September 15, 2020
Veritas places #1 and #3 in Refinitiv StarMine Awards with eight total awards - We have won awards for the past seven consecutive years

August 28, 2020
Veritas in the News: Retail apocalypse now?: A day of reckoning may be approaching for two of Brookfield's property entities - The Financial Times quoted Veritas Investment Research in this article about Brookfield Property Partners

August 21, 2020
Veritas Insight: We Nailed Bombardier, Nortel & Valeant. Who’s Next? - In this interview with Mark Bunting of Uncommon Sense Investor, Veritas President and CEO Anthony Scilipoti discuss why investors need to be more cautious now than at any other point in a market cycle.

July 27, 2020
Veritas in the News: Canadian banks face rising loan losses as Government COVID-19 support programs taper off - Financial Services Analyst Nigel D’Souza is quoted in The Globe and Mail.

July 15, 2020
Veritas Survey: How do you use Financial Statements? Veritas/AASB Survey - We are representing external users on Canada’s Auditing & Assurance Standards Board’s Extended External Report (EER) advisory group. The standards setters are proposing changes to unaudited financial reports. We want your input.

July 11, 2020
Veritas Insight: When the tide goes out, what companies will be left standing naked? - Veritas President and CEO Anthony Scilipoti was the guest on Governance Dialogues with Alissa Kole. They discussed how investors can protect themselves from companies that may cheat or stretch accounting during an economic shock.

June 22, 2020
Veritas Insight: Exploring trends and investment opportunities in the agriculture industry - Veritas President and CEO Anthony Scilipoti in a video conference with Kent Willmore, President, AGInvest Properties Canada, a manager of farmland investments (first viewed by clients June 18)

June 16, 2020
Veritas Insight: Exploring the details of CMHC's housing market forecast - Veritas President and CEO Anthony Scilipoti in a video conference with Aled ab lorwerth, Deputy Chief Economist, Canada Mortgage & Housing Corporation (first viewed by clients June 4)

June 09, 2020
Veritas in the News: Shopify Is Enjoying a Big Moment and Hoping It Will Last - Veritas Analyst Chris Silvestre is interviewed for this article in Bloomberg Businessweek

June 02, 2020
Veritas Insight: Observing the new investment risks - Veritas President and CEO Anthony Scilipoti in a video conference with Philip Grant, the associate publisher at Grant’s Interest Rate Observer and editor of the Almost Daily Grant’s commentary (first viewed by clients May 19)

May 26, 2020
Veritas in the News: Banks will see credit losses peak at end of 2020 - Veritas Investment Analyst Nigel D’Souza appeared on BNN Bloomberg with Amanda Lang to discuss the upcoming quarterly reporting cycle for the Canadian banks

May 21, 2020
Veritas in the News: Residential real estate: a reckoning or just a softening? - Veritas Investment Analyst Howard Leung spoke to Morningstar about some of the opportunities in REITs

May 21, 2020
We'd like to welcome Jacob Liu, our new associate equity analyst for special situations. Jacob reached the finals of the Sohn Conference Foundation's London Investment Idea Conference in November - He also received his MBA this year from University of Toronto - Rotman School of Management.

April 29, 2020
Veritas in the News: Stock markets are surging, but has this rebound come too far, too fast? - Veritas Head of Research Sam La Bell was interviewed in this Financial Post article about the dislocation between earnings and rising stocks

April 27, 2020
Veritas in the News: The economy with a capital ‘E’: markets, energy and housing - CBC radio host Paul Haavardsrud interviews Veritas President and CEO Anthony Scilipoti on the pandemic’s effects on the market

April 21, 2020
Veritas in the News: What to make of this quarter’s earnings season - Veritas Head of Research Sam La Bell tells MoneySense how to evaluate companies as they report Q1 during the pandemic

April 17, 2020
Veritas in the News: It doesn’t take much extra supply to tip the housing market - Anthony Scilipoti, Veritas President and CEO, discusses the pandemic’s negative effect on the housing market with Amanda Lang of BNN Bloomberg

April 15, 2020
Veritas in the News: Once Safer Than Gold, Canadian Real Estate Braces for Reckoning - Veritas President and CEO Anthony Scilipoti is interviewed by Bloomberg about house prices

April 13, 2020
Veritas in the News: Alberta eyes 'liquidity package' for oilpatch from Ottawa as OPEC+ deal underwhelms - Veritas Analyst Jeff Craig is quoted in The Financial Post about short-term and long-term oil prices in the context of the pandemic

April 12, 2020
Veritas in the News: A 60-cent loonie and painful days for banks and homeowners: predictions for what comes next - Veritas President and CEO Anthony Scilipoti and Director of Research Sam La Bell write a column for The Globe and Mail

April 07, 2020
Veritas in the News: The weakest corporate pension plans now have even bigger problems - Veritas Analyst Dimitry Khmelnitsky is quoted in The Globe & Mail, saying pension deficits will rise significantly because of the pandemic crisis

April 03, 2020
Veritas Insight: COVID-19 – Thoughts on the markets and the future - On March 26, we published a report for our clients that considers both near and longer-term socio-economic impacts of the COVID-19 Virus. The report has garnered such a strong response that we felt it appropriate to share it widely.

March 31, 2020
Veritas in the News: Oil stocks surge after Keystone deal, but sector isn't out of the woods yet - Veritas Analyst Jeff Craig is quoted in The Financial Post, cautioning investors about the rally in oil stocks

March 17, 2020
Veritas in the News: Low interest rates making simple investing difficult - BNN Bloomberg interviewed Anthony Scilipoti, Veritas President and CEO, about how investors should approach the markets with volatility caused by the coronavirus pandemic and now interest rates approaching zero

March 15, 2020
Veritas News and Insight: How to manage the market volatility - A special message about the market turmoil from Team Veritas

March 13, 2020
In the News: Energy stocks best-positioned to survive the oil price war - Veritas Analyst Jeffrey Craig appeared on BNN Bloomberg to discuss which Canadian energy stocks are worth investing in during the oil price war

March 13, 2020
In the News: The market rout is a gift for income seekers - The Globe and Mail interviewed Veritas Analyst Darryl McCoubrey about opportunities to buy utilities and infrastructure dividend stocks during the market meltdown

March 11, 2020
In the News: The bear case against Canadian banks amid oil shock - On BNN Bloomberg, Veritas Analyst Nigel D’Souza discussed why it is still too soon to buy banks and how the oil price crash affects his thesis

March 06, 2020
In the News: Vermilion Energy slashing dividend in half, points to virus impact - BNN Bloomberg cited Veritas Analyst Jeff Craig who predicted management would need to cut the dividend

March 04, 2020
In the News: Amid uncertain market, GFL shares sink on first day of trading - The Globe & Mail quoted Veritas Analyst Darryl McCoubrey on the waste company’s IPO

February 27, 2020
In the News: Vermilion Energy could slash dividend in half, Veritas warns - BNN Bloomberg quoted Veritas Analyst Jeff Craig on his analysis of the oil and gas company’s dividend sustainability

February 24, 2020
In the News: Canadian banks face elevated credit risk in 2020 - BNN Bloomberg interviews Veritas Analyst Nigel D’Souza about his cautious earnings outlook for the Big Six Banks

February 14, 2020
In the News: Canada’s market cops trying again to police companies’ funny numbers - The conversation about non-GAAP financial reporting abuses accelerated when The Globe and Mail published the results of a report by Veritas Investment Research.

February 13, 2020
In the News: Shopify leadership manages expectations for 2020 despite 'spectacular' fourth quarter - Financial Post quotes Veritas analyst Chris Silvestre on the company’s earnings outlook.

February 09, 2020
In the News: Bombardier Has Choice Between Trains or Jets With China Pressing - Bloomberg quotes Veritas Analyst Dan Fong who said there is a legitimate rationale for Western train firms to consolidate to better compete with CRRC of China.

January 17, 2020
VP Business Development Tom Jarmai Retires and Other Personnel Changes at Veritas - An announcement that included the promotion of Josie Monasterolo to VP Operations.

December 30, 2019
In the News: Canadian Regulators Delay Plan to Toughen Rules on Companies’ use of Non-GAAP Measures - Globe and Mail quoted Veritas President and CEO Anthony Scilipoti who expressed hope that the ultimate proposal will be at least as strong as the U.S. measures.

December 19, 2019
IFRS Foundation announces appointments - Veritas President and CEO Anthony Scilipoti appointed to the Capital Markets Advisory Committee

December 13, 2019
Insight: Canadian Housing Market Perspectives - A report from our fall housing conference by Scott Adams. It includes insights in the economic impact of the mortgage stress test; the condo market; constraints in new construction; apartment development; how real estate investors could exacerbate a house price correction; the shadow mortgage market; foreign investor money laundering; consumer insolvency and innovations in urban planning.

December 09, 2019
In the News: Taming expectations for Shopify - BNN Bloomberg interviews Veritas Analyst Chris Silvestre about why he has a "Sell" rating on the stock. He says that while the e-commerce company has a long runway for growth, valuation appears stretched on a standalone basis.

December 06, 2019
In the News: Canadian bank stocks could fall as much as 20% into 2021 - BNN Bloomberg interviews Veritas Analyst Nigel D’Souza about his views on the Canadian banks' most recent round of earnings and his bearish call on five of the six major banks.

December 04, 2019
In the News: Finance professionals wary over today’s non-GAAP reporting, say experts - A Chartered Professional Accountants Canada article quotes Veritas President and CEO Anthony Scilipoti about the professional responsibilities of CPAs.

November 19, 2019
Dimitry Khmelnitsky, Special Situations Analyst, received the #2 ranking in Brendan Woods International TopGun Canadian Equity Research Analyst Awards - For coverage over the past three years

November 12, 2019
Checking on the sell calls on Canada's banks - BNN Bloomberg

November 12, 2019
Canadian Banks Shore up Their Defenses - The Banker Canada

November 11, 2019
What’s it really worth? Shopify’s stock has doubled this year, but new competition is on the horizon - Globe and Mail

November 07, 2019
Oil and gas company forced to sell itself at 80% discount ‘canary in the coal mine’ for struggling sector - Financial Post

October 23, 2019
Dimitry Khmelnitsky, Special Situations Analyst, received the #1 ranking in Brendan Woods International TopGun Canadian Equity Research Analyst Awards - For coverage in 2019

October 22, 2019
This could be the cause of the next housing crash - Globe and Mail

October 03, 2019
Now is not the time to buy Canadian banks, analyst says - BNN Bloomberg

September 09, 2019
A third of Canada's stock market may be holding the rally back - BNN Bloomberg

September 04, 2019
Trash-talking-How-Patrick-Dovigi-built-Green-for-Life-into-a-waste-empire-Sept.4.2019-Veritas - Globe and Mail

September 03, 2019
Bank earnings wrap-up: how this analyst ranks Canadian financials - BNN Bloomberg

August 29, 2019
Canadian banks decouple from one another as economic cycle wanes - Financial Post

August 28, 2019
Canadian banks bear Nigel D'Souza turns bullish on BMO - BNN Bloomberg

August 27, 2019
Don't buy banks today: Financials analyst - BNN Bloomberg

August 21, 2019
Big Six banks brace for 'challenging' outlook on prospects of lower interest rates, roiled capital markets - Financial Post

August 16, 2019
From credit quality to low rates: What Bay Street is watching this bank earnings season - BNN Bloomberg

June 29, 2019
BlackBerry violates SEC rules with use of non-standard metrics - MarketWatch

June 20, 2019
Veritas Wins Five Starmine Analyst Awards from Refinitiv - 2019 marks the sixth consecutive year that Veritas analysts have received Refinitiv Starmine Analyst Awards

June 20, 2019
Why this top analyst has a sell rating on each of the Big Six banks - Globe and Mail

May 27, 2019
Even a 'Normalization' of Credit Risk Could Hurt Bank Shares: Veritas - BNN Bloomberg

May 23, 2019
Germany Licences Confirmed, Though Significance Uncertain - Globe and Mail

May 12, 2019
Cash-hungry Engineering Assets Threaten SNC Plans for Breakup, Analysis Finds - Globe and Mail

April 25, 2019
Is Shaw’s Wireless Success Enough to Offset its Cable Business Declines? - Globe and Mail

April 04, 2019
Bull and Bear Debate on Future of the Cannabis Sector - BNN Bloomberg

March 26, 2019
BMO Joins Rest of Canada's Big Banks on Veritas' 'Sell' List - BNN Bloomberg

March 18, 2019
Air Canada and WestJet Still a 'Buy' Despite the Grounding of 737 Max 8 Jets - BNN Bloomberg

March 11, 2019
Real Estate, Rates and Potential Hurdles for Canadian Banks - BNN Bloomberg

March 11, 2019
The Bear Case on Canada's Big Banks - BNN Bloomberg

March 01, 2019
A Bearish Take on Canada's Banks - BNN Bloomberg

February 25, 2019
Cracks appear in Toronto’s new-build condo craze as the investor-supported frenzy fizzles - Globe and Mail