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Stock Portfolio:
Today I bought call options on BCE Inc (T-BCE, N-BCE) with a May expiry when the stock was trading at $36.10 USD. BCE is the object of a friendly takeover at $42.75 Cdn, which means it trades at a fairly steep discount of around $6.00. The stock was down on news that a filing […]
Canadian retail sales decreased 0.7% in Feb, still up 5.7% y/y. This is another sign that Canada could be heading for a rough patch and might be an indication of the more conservative nature of Canadians compared to Americans when it comes to spending.
Commodities:
Weekly oil inventories (all grades) showed a drop of […]
Interest Rates:
Bank of Canada did as expected and cut interest rates by 0.50% Analysts are still expecting at least another 25 point cut at the next meeting.
Commodities:
Crude oil was up again setting another record high at $119 a barrel. China reported that Angola overtook Saudi Arabia as the top supplier of oil in the […]
