A Wink is as Good as a Nod

April 20, 2018

If Canadian bond investors were looking for a cue to get back into the market after the protracted sell-off since last summer they may have got it this week as the Bank of Canada hinted at a continued pause in rate hikes.  The announcement to hold the official overnight target at 1.25% marks the second meeting in a row of Mr. Poloz standing pat.  That’s the same length of time we saw after last October’s increase, so who knows? Read More…

Crude Reality

April 13, 2018

This was a pretty good week for Canadian energy stocks—for a change. Even though the TSX delivered a modest pick-up, compared to strength in New York, the energy patch outpaced with more than a 3% gain and closed at the best level since the start of February. We can thank a euphoric oil market for this, but the bigger picture is still the same and that is that Canada’s oil and gas stocks are being held back by lack of pipeline building Read More…