Trader’s Narrative

We’ve already looked at the surprising strength in the Canadian real estate market which is causing many analysts to question if it is approaching extremes at which the dreaded ‘bubble’ moniker applies.
The latest report is from David Rosenberg and while it doesn’t outright label it as such, he manages to imply it as strongly as […]

While the Canadian banks were almost completely immune from the financial crisis that rocked most industrialized nations, its real estate market still took a hit along with everyone else.
But the fall in real estate value was shallow and short lived, especially compared to the US experience. And now, while most real estate markets around the […]

Since some time has passed since my last call on Canadian REITs, I wanted to review it and update my position on the sector.
If you’re new to the blog you probably missed my comment back in early January: Canadian REIT Review. At that time I mentioned that it was irrational for well capitalized companies […]

Today the Bank of Canada decided to maintain their historically low interest rates at 0.25% but they did sound cautiously optimistic:
Recent indicators point to the start of a global recovery from a deep, synchronous recession. Global economic and financial developments have been somewhat more favourable than expected at the time of the July Monetary Policy […]

As gold bullion made a third attempt at the round number $1,000 there is a rush to feed a seemingly insatiable demand for gold securitization:

The most recent related IPO was the Claymore Gold Bullion Trust (CGL.un) on the Toronto Stock Exchange. Claymore is a small but innovative Canadian based asset manager and they’ve created a […]