AM 770: News. Talk. Sports.

BioMS Gaining Traction

1/2/2009 12:06:40 PM

BioMS, an Edmonton, Alberta based biotech company working on a treatment for Multiple Sclerosis has seen its stock double from its lows of October 30th when the stock traded at $1.95. BioMS (T-MS), is nearing completion of phase 3 trials that it has been conducting in North America and Europe. The company was a spin off [...]

Canadian Banks Now Paying 10% For Capital

12/12/2008 9:36:39 PM

Bank of Montreal announced through one of their wholly owned subsidiaries, BMO Capital Trust II, that they will be raising $450 million of capital at a rate of 10.22%. For all intensive purposes, this is 10 year money. While the bank can extend the maturity date, it will be somewhat onerous to do so as they [...]

How to Profit if the Bond Bubble Bursts

12/11/2008 10:45:35 AM

With 90 day US Treasury Bills providing negative rates and 30 year rates hovering close to 3%, we have to wonder how much lower rates can go. I thought that rates couldn’t go below zero but you realize that if you live long enough, you may just see everything as was witnessed with shorter term rates [...]

Gold Spot Price Higher Than Futures Prices For First Time Ever

12/9/2008 5:09:11 PM

For the first time ever yesterday. the spot price of gold traded higher than the futures price where investors or speculators accept the delivery of gold at a pre-determined later date at a pre-determined price. Typically, the futures price equals the spot price plus the return you would receive if you took your funds and invested [...]

Bank Earnings and Tax-Free Savings Accounts

12/5/2008 12:15:52 PM

The Canadian banks all announced pretty decent quarterly numbers. The earnings are probably the best in the world. We have added some podcasts on our site relating to the visibility going forward for them. To access the podcasts, you can click on our link HERE to listen. Each one is less than two minutes. As well, we [...]

Canadian Markets Set to Underperform on Political Uncertainty

12/3/2008 9:25:54 AM

December 2nd was an interesting trading day as markets around the world rebounded from one of the worst trading session on record. Markets around the world except for Canada. Our markets dropped along with our dollar. Any economic stimulus package that the three party coalition may put forward could be completely offset by foreigners dumping Canadian [...]

Revenue Canada Information and Tips