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TMX GROUP LTD. $139 is a hold. The company (Toronto symbol X; Finance sector; Shares outstanding: 55.6 million; Market cap: $7.7 billion; Dividend yield: 2.4%; Takeover Target Rating: Medium; www.tmx.com) owns Canada’s two primary stock exchanges, the Toronto Stock Exchange and the Montreal Exchange, as well as clearing entities… Read More

Q: Pat, thanks for all the excellent advice over the years. What are your thoughts on Sylogist? Thank you.

A: Sylogist Ltd., $10.95, symbol SYZ on Toronto (Shares outstanding: 23.9 million; Market cap: $261.7 million; www.sylogist.com), provides public-service operations with organization-wide software, mainly focused on fund accounting, grant management and payroll.

The company’s shares moved to the main Toronto Stock Exchange from the Toronto Venture… Read More

Q: I recently read that the hugely over-priced Tesla has been added to the S&P 500. Since I have a significant portion of my retirement funds in an S&P 500 ETF, I am concerned that the value of the ETF will be dragged down once (I think) the Tesla valuation comes down out of orbit. Should I rebalance my holdings to decrease exposure to the S&P 500? Thanks!

A: Certainly, if one stock becomes an outsized part of a market capitalization-weighted ETF, then you need to consider adjusting your overall holdings. That’s especially so if that ETF also makes up a significant part of your portfolio.
Meanwhile, you always need to keep the “Nortel factor”… Read More