5 must-see spots on B.C's Saturna Island
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Join creator @foodtraveleisure as she shares some of the amazing things you can to see and do while exploring this laid-back paradise.
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Globe and Mail
11 hours ago
- Globe and Mail
Down 59%, Is Carnival Stock a Once-in-a-Generation Investment Opportunity?
Key Points Carnival is experiencing robust demand that's driving continued revenue growth. Soaring profits are helping the business improve its debt profile, reducing financial risk for investors. Even after the stock's strong performance, the valuation is below the market average. 10 stocks we like better than Carnival Corp. › Carnival (NYSE: CCL)(NYSE: CUK) was decimated when the COVID-19 pandemic hit in 2020, as operations were halted to help stop the spread of the virus. Revenue tanked, and the business had to take on more debt to survive with the fate of the economy being a big unknown. However, Carnival is firing on all cylinders these days. This travel stock has soared 202% in the past three years (as of July 22). But shares still trade a gut-wrenching 59% off their peak. At the current price, is Carnival a once-in-a-generation investment opportunity? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Smooth sailing As the economy opened back up and consumer behavior normalized following the early days of the health crisis, there was robust demand for travel. The cruise industry has benefited tremendously, with Carnival posting strong financial performance. After sales hit a low of $1.9 billion in fiscal 2021, they came roaring back. Fiscal 2024's revenue of $25 billion was 13 times higher than that total three years prior. And in the most recent quarter (Q2 2025 ended May 31), Carnival registered an 8.6% top-line gain. In fact, the sales figure was a Q2 record. "Our guests continue to look to us as their preferred vacation choice given the amazing experiences our cruise lines provide," CEO Josh Weinstein said in a press release. However, the current economic climate, one where uncertainty is the key word, isn't making things easy. Throw in President Donald Trump's unpredictable trade policies and ongoing geopolitical turmoil, and it makes sense people are pulling back spending. The cruise industry, however, is positioned to continue its success. One reason why is that it's doing a great job attracting younger travelers -- who could become lifelong customers -- as well as first-time cruise goers. And compared to land-based travel alternatives, cruises are generally viewed as providing more bang for your buck. Then there's the fact that spending on cruises makes up less than 3% of the entire global travel industry, leaving upside for further growth. Carnival's improving financial situation With revenue continuing to climb at a healthy clip, Carnival is also posting consistent and rising profitability. Operating income totaled $934 million in the second quarter, another record. It's wild to think that four years ago, during Q2 2021, the company registered an operating loss of $1.5 billion. Things have certainly turned around for the better, which explains why the stock has performed so well. Wall Street expects the good times to keep rolling. The consensus analyst forecast is for Carnival's earnings per share to increase at a compound annual rate of 22.2% between fiscal 2024 and fiscal 2027. Despite huge gains in recent years, this outlook is very encouraging for investors who undoubtedly want to see continued expansion as we look ahead. Improving profitability is helping Carnival fix its financial situation. This means it's been able to slowly reduce its massive debt burden, which now stands at $27.3 billion. The company has refinanced $7 billion worth of debt so far this year. Two major credit ratings agencies have also upgraded Carnival's debt, which is a clear indication of reduced financial risk. Not a once-in-a-generation play Carnival's business continues to perform well, and the future looks bright. The current valuation is also reasonable, with the market asking investors to pay a price-to-earnings ratio of 16 to buy the stock. This represents a substantial discount to the S&P 500 index. However, the stock isn't a once-in-a-generation investment opportunity right now. While Carnival's shares have a good shot at outperforming the market over the next five years, I don't believe it's going to produce life-changing results over the next few decades. That being said, investors could still consider buying Carnival stock. Should you invest $1,000 in Carnival Corp. right now? Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
National Post
a day ago
- National Post
'THE GREAT OUTDOORS': Exploring Toronto's best green spaces
With more and more Canadians boycotting travel to the United States and choosing to stay in the Great White North, there are so many places to explore. Article content Article content In our How Canada Wins series, we look at our favourite ways to tour Toronto — but not in that typical touristy way. Article content When one thinks of the Six, there are places that are sightseers' dreams that immediately spring to mind, from the very Instagrammable CN Tower to catching a Blue Jays game at the Rogers Centre to Ripley's Aquarium sandwiched between both sites. Article content Visitors to the city can also find inspiration and beauty at the ROM or AGO, shop 'til they drop at the Eaton Centre, or stroll through Chinatown and Kensington Market. Article content Article content These bountiful, beautiful parks and walking trails will make you forget you're in Canada's largest city. Article content Explore the space at your own pace; the trails and boardwalks within the quarry garden connect to Evergreen Brick Works — a hidden gem in the heart of Toronto's beautiful ravine where visitors can walk around the site or wander a nature trail where you will have spectacular views of the city. Article content There's also a farmers' market on Saturdays where locally grown and made goodies can be sampled, and in the winter, there is outdoor skating inside the old brick factory. Article content Article content View this post on Instagram A post shared by Evergreen Brick Works (@evergreen_brick_works)
National Post
a day ago
- National Post
Canadian passport ranked more powerful than the U.S.
Article content 'Japan on the other hand has added 19 destinations to its score since 2014 and gained one spot in the ranking from 3rd to 2nd. Canada sits in the middle of these two. It was ranked 2nd in 2014 and has lost 6 places since then, with a net access gain of 11 destinations.' Article content The ranking shows travellers the relative strength of the passport they hold and the global access it gives them, explained Ouared. Article content 'There are many factors that affect a passport's ranking, including countries updating their visa systems, or diplomatic relations including bi-lateral visa free agreements. It is unusual for a passport's ranking to change significantly from year to year, but rather will see a trend of incremental gains and losses over time,' she said. Article content One of the recent changes that has affected Canada's ranking is the country being excluded from China's list of countries that can visit without a visa. Canadians still require a visa to visit China for tourism, business, study or work. Article content Article content Another recent change? 'The Canadian passport lost access to Brazil, with Brazil citing a lack of reciprocity as the reason,' said Ouared. Article content 'That being said, the Canadian passport remains one of the most powerful in the world, and it is a privilege for all who hold it, considering the broad global access it provides to key destinations.' Article content Roughly 70 per cent of Canadians hold valid passports and more than 24.6 million passports are in circulation, according to data from the federal government updated in 2022. Article content
