Chart courtesy of Stock Charts The above chart is the percentage of stocks on the Toronto Stock Exchange trading above the 50 day moving average. As you can see there has been lower highs and lower lows since the peak in June 2016. This describes a market with less and less strong stocks and […]
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TMX Broken Trend Line
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Labour Market Recession Indicator For Canada
The top chart, found in this CIBC report on labour market myths, plots the share of Canadians who have been with their employer 5 years or greater and the bottom chart is Canadian GDP per capita from the St. Louis Fed FRED site. When the percentage of workers at the same employer starts declining and […]
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Buy the Loonie?
This should bode well Reuters For this… CFR Seems like a contrarian idea. Canada has a housing bubble in certain cities. Oil prices are hurting three of ten provinces. Debt is expanding and economic growth has been weak. Yet the Economist Big Mac Index and the CFR Mini-Mac Index has the CAD (or […]
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China’s Manipulated Currency
Some accuse China of manipulating their currency lower to increase exports. The below chart is from Horizon Exchange Traded Funds during a presentation (replay and pdf – links may no longer work) they made for their Global Currency Opportunities ETF. It sure does not look manipulated lower versus the Canadian Dollar.
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Toronto Stock Exchange Outperforming US Indices
With no growth in Canada, in fact negative growth at periods, why would the TSX be outperforming the US indices? If you have read a number of my previous posts I think you might be able to guess my reasoning. www.stockcharts.com www.stockcharts.com
Read moreMaybe Canada should build a refinery as part of Trudeau’s infrastructure plan? Scotiabank May 6, 2016
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Canadian Stocks
I think the TSX is ready is going to outperform over the next year. www.stockcharts.com
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