March 8, 2010 · 11 comments
in CAD, Canadian, Canadian economy, S&P/TSX, TSX, US debt, US economy, USD, commodities, currencies, depression, diversification, economy, energy, financial planning, foreign investment, forex, gold, hedging, international economy, international stock market, investing, mining, oil, precious metals, preparedness, recession, stock picks, wealth protection
With the US dollar increasingly perceived to be walking on shakier ground, and no significant signs in sight that the US will be able to pay off its debts without radical quantitative easing (i.e., effective devaluation of the dollar); continued unemployment levels near 10% and no short-term fix in the ongoing housing slump (more foreclosures [...]
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Many people know that financials make up about 30% of the S&P/TSX. Many also know that Canada’s banking system was rated the safest, most stable banking system in the world during the past financial crisis (and, in fact, is still considered so).
But if you’re not Canadian and not familiar with the market, but you want [...]
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This week of August 24-28, all the talk on Bay Street is about the Big 6 Canadian banks reporting fiscal Q3 (third quarter) earnings. Earnings results of the Big 5 are important to many Canadian investors, who are almost all invested in one or more of these banks through their pension and broad-based mutual funds [...]
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According to a report studied by Eoin Callan of Canada’s Financial Post, the Bank of Nova Scotia (TSE: BNS) has “emerged during the credit crisis as one of the top 10 most stable banks in the world, according to a global ranking of the financial sector.” Moreover, in even more shocking news (if you recall [...]
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Get this. Two years ago, Royal Bank of Canada was the world’s 50th largest bank by market cap. By comparison, it was Canada’s largest bank by market cap (and it still is Canada’s largest bank). But now, post-credit-crisis-financial-meltdown, Royal Bank is the world’s seventh largest bank by market cap! I’ll repeat that.
Royal Bank of Canada [...]
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Yep – time to worry about the Canadian banks, and they all dropped today at the end of the week. Royal Bank got hit particularly hard and it is actually trading for as low as $28.00 Canadian, if you can believe it. Even TD is still down to fresh lows, closing at $39.00.
If I had [...]
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