Loading ...Economics:
The Bank of Canada surprised everyone by doing nothing when the consensus view was that they would drop rates by 0.25%. I find it especially surprising since inflation is still well contained and the most recent GDP growth was negative. Most other central bankers would have dropped rates (other than the European Central Bank […]
Background:
Destiny Resource Services (T-DSC) provides services (such as seismic surveying, mapping and line clearing) to the oil and gas sector. The majority of its business is in Canada but it is expanding in the US. Business is highly dependent upon the price of natural gas and the amount of exploration for gas. Business is […]
Economics:
The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]
In many parts of the world such as the U.S. and just about any country that manages its currency (e.g. China, Latin America, Russia, OPEC nations etc) have seen inflation continue to climb. With inflation being so high and interest rates being low, the returns available on some fixed income investments (e.g. bonds) have a […]
