BCE Has Canada Covered
August 23, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Horacio Marquez submits:
The market right now is torn between data that suggests the U.S. is waning, and reports that many companies are increasing guidance and beating earnings estimates. This has created a lot of volatility, and if you already have enough strong growth plays in your portfolio, adding some large, established companies with stable cashflows and hefty dividend yields could ease some of the anxiety you may be feeling.
Such an approach, in my opinion, is superior to bonds, since bond yields are just too low at these levels. That means you actually risk capital losses if they go up. In addition, safe dividends paid by leading companies are higher than bond yields. And unlike bonds, big companies usually can adjust prices in accordance with inflation.
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Canada’s Housing Market: Look to the Banks for Clues About the Severity of the Bubble
August 3, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Short Ideas
Israel’s Financial Expert submits:
From Canada’s Housing Bubble- Déjà Vu from the Northern Side of the Border:
During the financial crisis of 2008, many praised Canada’s economy, its banks and regulators for the fact that it didn’t have the same loose lending practices that were common in the United States and therefore it didn’t suffer a similar bust. We have a different view on the matter.
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Canada’s Housing Market: Look to the Banks for Clues About the Severity of the Bubble
August 2, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Israel’s Financial Expert submits:
From Canada’s Housing Bubble- Déjà Vu from the Northern Side of the Border:
During the financial crisis of 2008, many praised Canada’s economy, its banks and regulators for the fact that it didn’t have the same loose lending practices that were common in the United States and therefore it didn’t suffer a similar bust. We have a different view on the matter.
Read more articles from Seeking Alpha Dollar Currencies
3 ETFs to Watch This Week: Canada, Switzerland, Australian Dollar
July 5, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
ETF Database submits:
Equity markets finished sharply lower last week as investors sold off virtually every asset class and the S&P 500 and the Nasdaq both lost more than 5%. Commodity markets also suffered as gold and oil fell dramatically while the euro strengthened. U.S. markets remained bogged down due to poor data reports on both the employment and manufacturing fronts, which threaten to drag the country back into a double dip recession [also see Six ETF Stories From The First Six Months Of 2010].
As the third quarter begins the outlook for the rest of the year remains murky; only a handful of earnings reports and U.S. data releases are on tap this week, so markets may lack direction until earnings season fully kicks off. However, there are some important reports coming out overseas, as well as a few key central bank meetings which look to put currency ETFs in focus during the holiday-shortened week. Below, we profile three ETFs that look to be in focus over the next several days.
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Economic Calendar: PMI Releases, Canada and Australia in Focus
July 5, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Econ Grapher submits:
Here’s the Economic Calendar for the week commencing the 5th of July 2010. This week there’s a couple more PMI figures out, following the disappointing results from China and the U.S. last week. There’s also interest rate decisions due from Australia and Europe, with no changes expected. Other than that the other notables are employment figures from Australia and Canada, and industrial production metrics from U.K., Germany, and consumer credit stats from the U.S.
(More commentary follows the table)
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6 Undervalued Long-Life Energy Resources in Canada
June 23, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Kurt Wulff (McDep Associates) submits:
Canada offers some of the world’s most accessible, large scale resource opportunities that investors can capture in two pure play buy recommendations – Encana (ECA) in natural gas and Canadian Oil Sands Trust (COSWF.PK) in oil. Four additional buy recommendations concentrated on oil, Canadian Natural Resources (CNQ), Cenovus Energy (CVE), Imperial Oil (IMO) and Suncor Energy (SU), offer similar appeal. The stocks trade close to the 200-day average except SU, which is below and CVE, which has not yet traded for 200 days. Oil price measured by six-year futures at $84 a barrel is close to the 40-week average of $86. At a median McDep Ratio of 0.79, the six large cap Canadian buys are undervalued by our analysis at any long-term oil price above $59 a barrel.
Respected corporate buyers are validating the undervaluation signaled by the McDep Ratio, a sign of expected gains in resource value. Buying assets similar to those held by ECA, ExxonMobil (XOM) expects to complete its acquisition of natural gas producer XTO Energy this month while Royal Dutch Shell (RDS.A) announced a $5 billion acquisition of a private shale gas company last month. Sinopec, the second largest oil company in China, will likely soon close its acquisition of a 9% interest in the Syncrude oil sands mine and upgrader owned 37% by COSWF, 25% by IMO and 12% by SU. There are few countries in the world where large companies have access to long-life resources on better terms than in buy-recommended Canadian oil and gas producers.
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Canada Commences Monetary Policy Normalization
June 1, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Econ Grapher submits:
The Bank of Canada became the first G7 country to raise rates, lifting the target for the overnight rate 25bps to 0.50%, a move widely expected. The bank, however, did note the considerable risks to domestic and global growth, and noting the quote below, the path back to neutral may not be clear cut:
This decision still leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in light of the significant excess supply in Canada, the strength of domestic spending, and the uneven global recovery.
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Canada Leads the G7
June 1, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Hard Assets Investor submits:
By Brad Zigler
Real-time Monetary Inflation (last 12 months): -3.0%
Among the so-called commodity currencies only one has a place at the G-7 table—Canada. And today, Canada’s central bank served up the group’s first rate increase since the financial crisis began in 2008. As interest rate moves go, it was middling—only 25 basis points (0.25%), but with the overnight rate at just a quarter-point, rates have effectively doubled.
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Why Canada Should Be the EU’s Model
May 17, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Larry MacDonald submits:
If the European Union wants to endure, perhaps its architects should look at how Canada keeps disparate regions together in one union. One of the magic ingredients, as we Canadians know only too well, is equalization payments — i.e. transfers of income from the richest to the poorest provinces – specifically, from Alberta and Ontario (although Ontario is faltering) to the Maritimes and Quebec.
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Why Canada Should Be the EU’s Model
May 17, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Editor’s Pick
Larry MacDonald submits:
If the European Union wants to endure, perhaps its architects should look at how Canada keeps disparate regions together in one union. One of the magic ingredients, as we Canadians know only too well, is equalization payments — i.e. transfers of income from the richest to the poorest provinces – specifically, from Alberta and Ontario (although Ontario is faltering) to the Maritimes and Quebec.
Read more articles from Seeking Alpha Editor’s Pick