Canadian trusts received a big boost today as one of the energy producers I recommend received a hefty takeover offer. This is the first such offer since the US subprime fiasco this summer. Read More
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Oil prices are soaring to new heights. But Canadian oil and gas producer trusts continue to be range-bound. In fact, most have slipped a notch the past few days. Read More
Good Canadian income trusts, like good US corporations, have to sell themselves to investors at some point. And representatives for several major oil and gas producer trusts were on hand at the Washington, DC Money Show a week ago to do just that. Read More
Prime Minister Stephen Harper's hints at proroguing Parliament and starting over with a throne speech have raised the possibility of an early election. Read More
In early July, 13 Canadian securities dealers polled by Reuters expected a 25-basis-point overnight interest rate hike by the Bank of Canada (BoC) on Sept. 5. Read More
Due to unforeseen circumstances, your regularly scheduled issue of Maple Leaf Memo won’t arrive today but will be published tomorrow, Aug. 22. Read More
The crunch in the US mortgage market continues. And, as today’s news indicates, at least some Canadian financial institutions have exposure. Read More
Central banks around the world have stepped in to prop up shaky financial markets in recent days, giving some comfort to investors. The subprime meltdown has wiped out huge amounts of equity, but the global economy remains in relatively good shape. Read More
CIBC World Markets senior economist Avery Shenfeld took a Canada-specific look at the subprime mortgage meltdown last week, concluding that recent selling on the Toronto Stock Exchange is driven by “unwarranted fears” the American malady would spread north because of its impact on global growth. Read More
The fate of the Canadian dollar will play a major role in determining our returns from Canadian trusts. I'm bullish, as is this month's guest author, futures pro George Kleinman. Read More