Money Sense

[Angry White Male]

Ya, I was tempted to look into Weed stocks, but I will definitely hold off on any of them until I see how things operate here long-term...

[Anonymous]

Ya, I was tempted to look into Weed stocks, but I will definitely hold off on any of them until I see how things operate here long-term...

Presently, I am not bullish about any of them becoming blue chip.

[Anonymous]

Our currency continues it's slide even though Ottawa touts sustained job growth and possibly a first quarter GDP of four per cent. Very misleading and the growth is very temporary. Wage growth in Canada is flat and most of the jobs being created are of low quality.



The recent jump in exports will add to GDP growth in the first quarter. Yet the gains likely were transitory. Canada benefited from increased shipments of natural gas because of unusually cold weather in the U.S. Northeast; a jump in orders for coal from Asia because Australia was swamped by a cyclone; and strong demand for lentils from India, a country which is determined to become self-sufficient in the staple. In the months ahead, tariffs on lumber exports to the U.S. will bite, while uncertainty over trade policy and a national carbon tax  will continue to impede investment.

[Anonymous]

he U.S. stock market Wednesday booked its worst daily decline in months, as concerns about President Donald Trump's FBI controversy weighed on investor sentiment. The Dow Jones Industrial Average shed 1.8% at 20,606, its sharpest decline since Sept. 9, according to FactSet data. The S&P 500 index SPX, -1.82% ended off 1.8% at 2,357, also marking its worst daily drop since Sept. 9. Meanwhile, the technology-laden Nasdaq Composite Index coughed up 2.6% at 6,011, its steepest one-day fall since June 24, the day after U.K. citizens voted to exit from the European Union. The downdraft came on a so-called risk-off day for Wall Street, in which haven assets like the 10-year Treasury note [BX: TMUBMUSD10Y] drew bidders and pushed yields, which move inversely to prices, firmly lower. The 10-year Treasury note was off 10 basis points at 2.22%, and gold futures GCM7, +0.05% another flight-to-safety security, settled sharply higher at $1,258.70 an ounce, representing its highest level in May. Weakness came after the New York Times late Tuesday reported that Trump in February asked the then–director of the Federal Bureau of Investigation, James Comey, to stop his investigation into former national-security adviser Michael Flynn. The report cited a memo from Comey. That has raised questions about the president's ability to pursue the pro-market policies whose prospects for implementation have driven stocks to record levels.

http://www.marketwatch.com/story/dow-sp-500-nasdaq-on-track-for-worst-daily-tumble-in-8-weeks-2017-05-17">http://www.marketwatch.com/story/dow-sp ... 2017-05-17">http://www.marketwatch.com/story/dow-sp-500-nasdaq-on-track-for-worst-daily-tumble-in-8-weeks-2017-05-17



The media sensation over Comey's dismissal and the ridiculous sharing intel with Russia is now having an on the markets. The Trump bump was based on the president's proposed pro growth agenda. These Obama appointee leaks are raising doubt Republicans will pass his policies.

[Anonymous]

Oil's continued decline is weighing on the TSX.



Trading is being hit by a massive supply overhang and evidence that global supplies still exceed demand, keeping prices under pressure.



While private sector data published yesterday showed US crude reserves fell by 2.7 million barrels last year - which, if confirmed by US regulatory figures today, would mark the tenth fall in 11 weeks - the oil price is unmoved.



In addition, while the Opec deal has been extended, Nigeria and Libya, both exempt from the deal, are increasing production and exports have fallen less than headline output cuts suggest.



US shale oil output is also rising, with new drilling wells rising for 22 consecutive weeks.



The future might be bright for oil prices but the present is not.

[Anonymous]

Housing sales were at their lowest in seven years. The average house price across Canada  was $504K. Take away Toronto and Vancouver and that price falls to $394k.

[Anonymous]

Housing sales were at their lowest in seven years. The average house price across Canada  was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

[Anonymous]

Housing sales were at their lowest in seven years. The average house price across Canada  was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

[Anonymous]

Housing sales were at their lowest in seven years. The average house price across Canada  was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

Our house is paid off next month..



That's a major accomplishment for us, but a housing correction equal to the one the USA had would be raining cats and dogs on our parade.

[Anonymous]

Housing sales were at their lowest in seven years. The average house price across Canada  was $504K. Take away Toronto and Vancouver and that price falls to $394k.

I'm worried about a hard landing for Canadian real estate.

A large chunk of the growth in the Canadian economy since Trudeau came to office has been due to equity in property and consumer debt. It hasn't come from a roaring resource and manufacturing sector. Interest rates are rising as are consumer and public debt levels. This is not going to end well.

Our house is paid off next month..



That's a major accomplishment for us, but a housing correction equal to the one the USA had would be raining cats and dogs on our parade.

You can add in baseball sized hail if housing collapses and you still had a big mortgage.

[Anonymous]

Oil prices are pushing $50 per barrel again as supply tightens. Needless to say oilfield stocks had a good week.

[Anonymous]

The Canadian dollar softened against its US counterpart on Friday morning, pressured by losses in gold and natural gas.



Canada's trade deficit widened in the month of June, compared to the month previous. Exports declined due to fewer shipments of metals and energy. In June, exports fell by a hefty 4.3% to C$46.51 billion.



However, the country added a net 10,900 jobs in July, which met market expectations.

[Anonymous]

The Bank of Canada on Wednesday raised its target policy rate by 25 basis points to 1.0 per cent from 0.75 per cent.



After the central bank's move, Royal Bank said that it will increase its prime lending rate to 3.2 per cent from 2.95 per cent, effective Thursday. Bank of Montreal, TD Canada Trust, Bank of Nova Scotia and Canadian Imperial Bank of Commerce will also raise their prime lending rates to 3.2 per cent.



The Canadian dollar closed at a two year high of 81.54 cents against the US dollar. And WTI was up 50 cents to $49.16.

[Anonymous]

It's going to take more than the biggest stock slump in world history to convince analysts that PetroChina Co. has finally hit bottom.



en years after PetroChina peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $800 billion of market value -- a sum large enough to buy every listed company in Italy, or circle the Earth 31 times with $100 bills.



In current dollar terms, it's the world's biggest-ever wipeout of shareholder wealth. And it may only get worse. If the average analyst estimate compiled by Bloomberg proves right, PetroChina's Shanghai shares will sink 16 percent to an all-time low in the next 12 months.



The stock has been pummeled by some of China's biggest economic policy shifts of the past decade, including the government's move away from a commodity-intensive development model and its attempts to clamp down on speculative manias of the sort that turned PetroChina into the world's first trillion-dollar company in 2007.



Throw in oil's 44 percent drop over the last 10 years and Chinese President Xi Jinping's ambitious plans to promote electric vehicles, and it's easy to see why analysts are still bearish. It doesn't help that PetroChina shares trade at 36 times estimated 12-month earnings, a 53 percent premium versus global peers.



"It's going to be tough times ahead for PetroChina," said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. "Why would anyone want to buy the stock when it's trading for more than 30 times earnings?"

https://www.msn.com/en-ca/money/markets/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight/ar-AAucvzN?li=AAggNb9&ocid=mailsignout">https://www.msn.com/en-ca/money/markets ... ailsignout">https://www.msn.com/en-ca/money/markets/the-biggest-stock-collapse-in-world-history-has-no-end-in-sight/ar-AAucvzN?li=AAggNb9&ocid=mailsignout

[Anonymous]

At the  start of November 16.



Market   Last   Change

DJIA   23271.28   -138.19

NASDAQ   6706.21   -31.66

S&P500   2564.62   -14.25

S&PTSX   15878.48   -34.65

S&PTSX60   941.71   -1.57

S&PTSXV   791.62   -3.33

Gold (US$)   1276.20   -1.50

Oil (US$)   55.58   + 0.06

CAD/USD   0.7831   -0.0004

USD/CAD   1.2769   + 0.0003





TSX / S&P Indexes

Sector   Last   Change

Con. Staples   551.93   +1.86

Con. Disc.   208.56   -0.80

Energy   192.22   -1.03

Financials   304.06   +0.14

Health Care   75.06   -1.70

Industrials   232.45   -1.53

I.T.   64.10   0.00

Materials   235.61   -0.09

Real Estate   301.50   -1.71

Telecom   174.95   -0.39

Utilities   251.12   -0.41

Gold   193.89   +0.33