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CPP Changes on the Horizon

6/12/2009 3:06:58 PM

The federal government announced some proposed changes to CPP making it more onerous to take CPP early while rewarding those who delay their start date past the date of 65. It has barely received any press coverage yet it will impact every Canadian outside of those already collecting their pension. The major change will be that CPP [...]

The Week Ahead – June 8, 2009

6/7/2009 7:43:18 PM

The economic calendar and earnings announcements in Canada are relatively slow. Housing starts in Canada come out on Monday with the consensus targeted at 130,300. On Monday, there are no announcements while Saputo (SAP) and Major Drilling Group International (MDI) report Tuesday. Viterra (VT) announces results on Wednesday. MDS, Transcontinental, Transat, and North West Co. all report on Thursday. To [...]

Real Estate L.P.’s Gone Bad

6/2/2009 1:36:39 PM

Last August, I wrote a post titled “Are you a Sub-Prime Lender?” which you can revisit by clicking on the link here. It took a while but one of the largest firms concentrating in this area has applied for bankruptcy protection on several of its deals. Hundreds and perhaps thousands of investors stand to lose millions [...]

The Week Ahead Ahead – May 29

5/29/2009 12:41:08 PM

Overshadowing all economic reports and earnings will be the anticipated pre-packaged bankruptcy of GM. Up until now, the market has held up pretty well as it has built the expectation of bankruptcy into the equation. Next week is relatively light for earnings announcements on the Canadian front. Bombardier (BBD.B) reports on Wednesday with an eps estimate [...]

Consumer Confidence Index…What is it?

5/26/2009 3:27:01 PM

Market in North America rallied after the consumer confidence index was materially higher than expected. That’s great but what does it mean? The National Bank put out a report on May 22nd that answered this question as the index in Canada is quite different than the index in the US. Why are they different? Well, each index [...]

Why This Market Upturn May Have Legs

5/7/2009 12:57:54 PM

The TSX has moved from its low of 7479 to over 10,000 in less than two months. Market sentiment has improved and bad news seems to be ignored by investors driving stocks ever higher. I was emailed a very interesting chart relating to current and historical amounts of cash sitting on the sidelines in money market [...]