Posted on October 6th, 2010 by David Baskin

Every ten years or so gold makes it into the headlines.  Usually the gold bugs have their brief time in the spotlight and then disappear again for an extended period.  Believers that economic Armageddon is close at hand always tell us that “this time is different”, as they are telling us now.  Gold has hit […]

Posted on October 1st, 2010 by David Baskin

If nothing else, the market crash of 2008 demonstrated the concept of risk to investors in a very dramatic fashion.  When some equity portfolios fell 50% in a matter of ten weeks or so, even the most adventurous stock buyers became conservative.  As the old saying goes, there are no atheists in fox holes.  What […]

Posted on September 24th, 2010 by Michael Keaveney

“Fundamentally, they’re cautiously optimistic that the economy will muddle through the new normal.” Last night, I attended the Toronto CFA society’s annual forecast dinner, which featured economic and investment predictions from two prominent professionals: Patricia Croft, Chief Economist of RBC Global Asset Management and Robert Doll, Vice-Chair of BlackRock Inc. The first line of this […]

Posted on September 21st, 2010 by Barry Schwartz

On July 26, 2010 Enbridge Pipeline 6B ruptured, leading to 20,000 barrels of crude oil spilling into Michigan’s Kalamazoo River. Only two months later, on September 9th, a rupture occurred in another Enbridge pipeline; this time the leak came from line 6A in Romeoville, Illinois. Four days after that, Enbridge had to shut down a […]

Posted on September 15th, 2010 by Barry Schwartz

On August 17th, BHP Billiton, the largest mining company in the world, made an unsolicited offer to acquire Potash Corp for $130 per share.  BHP operates around the world and is a major producer of almost every industrial metal as well as coal, and potash mining is a natural extension for it.  BHP’s opportunistic offer […]

Posted on September 8th, 2010 by Scott Mazi

In August, the Canadian bond universe continued its strong recent performance with the overall Universe returning 2.0% pushing the year to date (YTD) return to nearly 7%. The mid and long end of the curve outperformed while the short end underperformed. Governments were strong this month and outperformed corporates in the mid and long parts […]