BNN - Wednesday, May 22, 2024 - 03:00 p.m. (ET) - Segment #8

does better off than we would have been had we bought the asset. Or bought the development 5 years ago. Now we should mention for viewers who don't know island property, your office reits are interesting spaces there in the high condensed area. So you're not far-flung outside of the downtown core, you work, you know, well with a tech company or >> Or or that sort of thing. So with that in mind. Do you see 90% occupancy dc. 95 like is that part of your vision of the future? Stabilized occupancy for us. >> In as you say, mixed use amenity rich urban neighbourhoods in canada's major cities is 95%. >> Will we get back to 95 for will we get back? Next week? Certainly not what we get back this year. Certainly not what we get back by the end of it. 26 very possibly. What I can to predict is the timeframe. I know for us and the kind of office space we own and operate, which remains highly competitive. We will stabilize at around 95%. How much is private equity sniffing around? >> They're not, there. I mean, private equity is interested in assets and they're always interested in assets and their various 2 fires. But what private equity needs more than anything isn't operating platform game. They need people who know how to run real estate and that's what canadian private equity is a little short american private equity is is buying whole platforms. Michael, thank you so much for joining us with appreciate that. Michael emory joining us. >> Of allied property, we're going to take a quick break. When we come back. Td will be the star of the show tomorrow set to report quarterly results. >> We'll get a preview of what to expect when we retur Hi, I'm Taylor Thoen. Next time on btv Business Television, this investment opportunity. We're still in the exploration stages, but we've made a substantial discovery. Specifically, the Valley discovery on our Rogue project. 2024 is going to be our biggest year yet. We have three drills on site, and we're looking to bring in a fourth. We think that what we've discovered so far is just the tip of the iceberg. Watch us online or here on bnn Bloomberg. At the cse, we're always invested in public markets, in business, in growth, in you. The world of investments is growing, offering more alternatives than ever. ( ) Choose an alternative that invests, in what's here to stay. ( ) Things you can see and touch. ( ) Things that are part of our everyday lives. ( ) Avenue Living brings a different approach. ( ) One that's steeped in history, experience, and trust. ( ) Choose a proven alternative. Talk to your advisor about Avenue Living today. ( ) Harvest Healthcare leaders Enhanced Income etf. Maximize your monthly cash flow from Canada's leading healthcare etf. More income from Healthcare Leaders. Harvest ETFs, income happens here. You never know what surprises life has in store. Invico Diversified Income Fund has provided investors with a decade of positive performance. Prepare for whatever's next with Canada's top alternative investment solutions provider, Invico. Reach for the future. Energy Fuels, a leading American uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. Energy Fuels. Take advantage of historically high yields while reducing risk. Td Asset Management offers a large suite of active and passive fixed income investment solutions that can provide income and stability to your portfolio. Td Asset Management. ( ) ( ) The infiniti qx60 exemplifies modern luxury. With powerful suv performance, three rows of comfort, and a sleek-yet-daring design. ( ) Lease a 2024 qx60 from 0.99% apr for up to 24 months. Visit INFINITI.ca. ( ) We all strive for peace of mind, whether in life or our investments. But that's not easy with today's market complexity. For over two decades, Goodreid has helped Canadians from coast to coast to achieve their financial goals, through both good times and bad. Working with our portfolio managers, you can navigate tomorrow's financial uncertainty

with confidence. It's time. Take control of your wealth. I'm Gordon Reid. Invest with confidence, invest with peace of mind. To learn more,visit Goodreid.com. The Harvest Diversified Monthly Income etf. Consistent monthly income. The Harvest Diversified Monthly Income etf. Hdif on the tsx. Hi I'm Taylor Thoen. Coming up on btv. There's been over 11,000,000oz of additional resources found since 2020 by people working in the Tombstone Gold Belt in the Yukon. To date, we've only found that two deposits. But there's nine known gold bearing intrusions on our rc gold project. More potential outside of the discoveries that we've made already. Watch us online or here on bnn Bloomberg. >> All right, let's take a look at some of the after hours movers. We're seeing shares of snowflake gaining in the after hours session, even though the results were mixed. Sales products beating expectations that's overlooking some weakness on the profitability side. Keep in mind though, expectations were pretty low for snowflake and especially on the growth side of things. The low bar was cleared on nvidia. The high bar was also cleared. That stock is trading up record-high territory if it opens and closes at these levels tomorrow, sales better forecast better dividend increased, doing it 10 for one stock in june, making it more attractive to retail investors. So very little to quibble about and of course, it could all come down to the conference call. The company has scheduled to have it's call on its latest results at 5 o'clock, some at 10 minutes time tomorrow, specifically for our markets. Td could be the star of the show. It is the lone bank reporting this week and the rest coming in next week. And it's also the worst performing bank. Let's bring in andy bell. These anti-money laundering really haunting the company. That's right, heidi, over at frustrating. But the ceo bharat masrani, he says I can give you all the details because involved in these discussions with us regulations. But they've already booked. >> A potential charge of 400 million dollars in the united states for damage fines that are settlement cars so they could run into. They also announced a 10 million dollar penalty in canada was fintrac our own money laundering monitor on the earnings front. All the banks are expected to see some a drop in profit, not all of them, but the sector as a whole is expected to see a drop of about 4% profitability for the quarter year on year. In case, this expected to be partly because of higher provisions. Of profit is expected to drop 4 to 5% operating bases. And that's in line with the group. >> Trading under 10 times earnings of 5% more than 5% dividend. You know, whatever the results are, I'm always so curious. The reaction when do investors feel like they can step in, you know, it's bad news, but seal the royal bank of the dome. I'm looking, I'm burned areas for you to see. It was such a premium by 3.8, but it's oil has rallied. Sure. How quiet lee has rallied on no news trading at around a 2 year high and it's 7 all-time high. Yeah, that's right. It's been moving up steadily. Robot looks as though quite a few investors have the site of the royal bank and td with the 2 giants and some investors may have decided well too much noise over td with these allegations of lax money laundering controls. And td has conceded when they announced this 400 million dollar provision for the potential U.S. settlement, that they felt laundering controls were not good enough. So they do, they have acknowledged as a problem. About to come up on the call, bound to come we will report on all of that. Thank you so much for much of bout with a preview on td those earnings due out tomorrow. Royal at the end of the month may 30th that does it for me on the close. Thanks much for watching. Closed captioning of this bnn Bloomberg program is brought to you by Avenue Living Asset Management. Investing in the Everyday. The main focus of Urbana is asset growth.

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