January 31, 2013

    Market Comment – Risk aversion is the prevalent theme">

    Market Comment – Risk aversion is the prevalent theme

    By / January 31, 2013

    Market Comment Risk aversion is the prevalent theme this morning, with equities and commodities taking a hit. Fundamentals remain soft, while the US FOMC meeting yesterday brought nothing new. Canadian GDP posted a small gain, with the economy rising 0.3% vs. the expected 0.2%. RIM/BB Shares Get Pounded Shares in Research in Motion, I mean, BlackBerry, dropped 12% yesterday following the release of the much anticipated BlackBerry 10. Investors don’t view the new smart-phone as… Market Comment – Risk aversion is the prevalent theme“>Read more

    US Q4 GDP Posts Surprising Miss

    By / January 30, 2013

    Market Comment Investors are keenly awaiting today’s Federal Reserve FOMC Statement; no major developments are expected though the tone should remain fairly bearish, which should support the Loonie in terms of diverging monetary policy. US GDP Misses the Mark US equities are being dragged lower following a big miss in Q4 GDP, -0.1% vs. the forecast of 1.1%. The economy shrank in the fourth quarter following the biggest drop in defense spending in 40 years;… Read more

    Moody’s Downgrades Canadian Banks

    By / January 29, 2013

    Market Comment General sentiment seems to have taken quite a turn overnight, with many headlines painting a not-so-rosy picture. Surprisingly, volatility remains rather low, with equities and commodities making only minor changes overnight. Canadian Banks Get Downgrade Many Canadian investors eagerly await tomorrow’s BlackBerry 10 release to see if Research in Motion’s latest product release will be the one that will lead the company forward and drag shares out of the red. Two interesting features… Read more

    Market Comment – Loonie has fallen to levels not seen since July 2012">

    Market Comment – Loonie has fallen to levels not seen since July 2012

    By / January 28, 2013

    Market Comment The Canadian dollar is entering another weak trading lower against the S dollar. The Loonie has fallen to levels not seen since July 2012, driven lower by a shift in the Bank of Canada outlook and more importantly, the changing dynamic of the Canadian energy industry. Canadian Oil producers are receiving nearly $50/bbl less on their oil compared to the WTI index due to a bottleneck in pipeline capacity. The Japanese Yen reached… Market Comment – Loonie has fallen to levels not seen since July 2012“>Read more

    Weak Inflation Bites Loonie, LRTO Payback Lifts Euro

    By / January 25, 2013

    Market Comment Risk appetite is on the rise this morning, with investors adding risk to portfolios. Commodities and equities are strong, as are the Euro and the US Dollar. LRTO Partial Payback Boosts Euro The Euro has surged to the highest level since December 2011 on news that 278 counterparties paid back €137bln from the first long-term refinancing operation (LTRO) from the ECB. Many are viewing this as a turn in the crisis even as… Read more

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