Government intervention in the economy is a hot issue right now, but views on the role of official power in the mechanisms of commerce vary greatly by region.
Elected officials, frightened by an invisible specter and what looms in November, won’t act on the greatest threat to global growth prospects. Monetary policymakers still have the room--and the capacity, presumably--to act.
A Saudi King’s hint that Peak Oil is real is interesting. A Chinese official’s forecast of billions more in investment dollars flowing into Canada’s oil patch is actionable.
Fear-inspired weakness is the perfect time to establish positions in securities leveraged to the best economic story in the developed world.
The global stimulus consensus that emerged from the G-20’s first series of meetings, in 2008 and 2009, is about to unravel.
ARC Energy Trust (Toronto: AET-UN.TO, Other OTC: AETUF.PK) is establishing a commanding presence in one of North America’s most promising shale gas plays.
The Energy Information Administration’s annual forecast includes a drastic change in the data agency's perspective on global oil production.
Statistics Canada reports the best quarterly GDP growth rate since 1999. The Bank of Canada becomes the first G-7 central bank to raise interest rates.
Atlantic Power, Bird Construction and Cineplex Galaxy all reported encouraging first-quarter results that support the long-term dividend sustainability.
- By Roger S. Conrad
- May 22, 2010
Roger discusses how investors can take advantage of this fear driven market.
Whether its oil or copper, the Middle Kingdom will swallow it up. And the Great White North is ready to provide.
Who wouldn’t be overwhelmed by recent news of sovereign risk, rising taxes, oil spills and double-dips? Investors who focus on collecting steady dividends from solid businesses.
Canadian National Railway (Toronto: CNR.TO, NYSE: CNI) and TransForce (Toronto: TFI.TO, Other OTC: TFIFF.PK) reported first-quarter earnings results that confirm the North American economic recovery.
The Canadian dollar hit parity with the US dollar today. Will the loonie's rise continue?
Three Canadian trusts cut distributions last month. Unlike last month’s cutters, however, their moves did have a hugely negative impact on share prices, as they indicated much greater business weakness than investors had expected.
- By Roger S. Conrad
- July 2, 2009
Market reaction to no-cut conversions has been highly favorable, particularly compared to conversions with dividend cuts. I detect two clear reasons for this. One is investors like dividends. And while trusts that have cut during their conversions have eventually attracted more growth-focused investors, the cuts have initially triggered a disruptive mass exodus from their shares.
Two Canadian trusts cut distributions last month. Neither move caused much reaction in the market. Both now trade at significantly higher prices. That’s a major sea-change from the action of last fall and winter, when a record 77 reductions ripped through the Canadian Edge universe, many by repeat offenders.
- By Roger S. Conrad
- June 5, 2009
Double-digit yields paid monthly by companies in recession-resistant industries: That’s the hallmark of the Canadian Edge Conservative Holdings. And it’s what June’s High Yield of the Month selections boast in spades.
- By Roger S. Conrad
- June 5, 2009
The universe of Canadian trusts and high-yielding corporations is still on the bargain counter. Despite some herculean market moves, the bar of expectations is still very low, even for businesses that, quarter after quarter, are proving more than a match for still-abysmal overall conditions.
One: That’s the very welcome number of distribution cuts in the Canadian Edge universe last month.