The Canadian Investor Beer Sales Up and Bitcoin Takes a Dive
In this episode of The Canadian Investor Podcast, we compare the earnings of Molson-Coors and Constellation Brands. We look at how their earnings have been trending and what type of beverages have been driving sales.
Shifting gears, we address the recent layoffs at OpenText, a mid-cap Canadian software company. Despite laying off 1,200 workers, OpenText is adding 800 positions to bolster its cloud, security, and AI segments.
Lastly, we discuss the recent sharp decline in Bitcoin prices. We explore the key factors contributing to the drop, including global financial market liquidity, the impact of Mt. Gox and government Bitcoin sales, and the role of leverage in amplifying price movements.
Tickers of Stocks & ETF discussed: TPX-B.TO, OTEX.TO, STZ, GSY.TO
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