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Canada
Posted:
Wed Jun 25, 2008 10:48 amby winston
Think of Saskatchewan, and if you can place the western Canadian province on a map you might conjure up a vision of an endless prairie of wheat, so flat that the locals joke that "you can watch your dog running away from you for hours".
Now think again: Saskatchewan boasts the fastest economic growth rate of any Canadian province not just because of wheat but a rich mix of other farm crops as well as potash, uranium, oil and natural gas, all of which are enjoying record prices.
PotashCorp, a fertiliser company based in Saskatoon, has become one of the biggest companies on the Toronto Stock Exchange by market capitalisation.
Source: The Economist
Re: Canada
Posted:
Thu Jun 26, 2008 12:30 amby winston
WHY YOUR MONEY SHOULD BE IN CANADA by Brian Hunt
More proof of how well the ABC theory of commodity investment works… the $2,400 difference.
If you had placed $10,000 into the benchmark U.S. exchange-traded fund (SPY) one year ago, you'd have lost about $1,100 by now. If you had placed that money into the benchmark Canadian ETF (EWC), you'd be up about $1,400.
Why has Canada done so well versus the U.S.? Easy. The Canadian stock market is heavily weighted toward base metals, precious metals, energy, crude oil, natural gas, and agriculture. These sectors have a tremendous tailwind behind them. The U.S. market has a lot of exposure to banking and consumer spending. These sectors face a tremendous headwind.
Canada is home to the world's safest large oil deposit. It's the world's largest uranium producer. It's the world's largest fertilizer producer. It's also a giant in gold, nickel, timber, and wheat production… and a safe ride on the rails gets it all to the world's top commodity consumer. As you can see, it's a steady uptrend for the "C" of the ABCs.
Source: Daily Wealth
Re: Canada
Posted:
Sat Sep 27, 2008 10:16 amby winston
WHY CANADA IS THE MARKET'S SMALLEST LOSER by Brian Hunt
A look at global stock market returns over the past year produces a clear theme: With just about every country index down in the last 12 months, the "smallest loser" is the biggest winner.
As of yesterday's close, the smallest loser among country-specific ETFs is the iShares Canada (EWC).
Canada earned this label with one of the world's richest bundles of natural resources. The country is dotted with huge mineral deposits. It's home to the world's safest large oil field. It's also blessed with timber, diamonds, and agricultural assets. Despite the big commodity correction this summer, the prices of these resources are much higher than they were six years ago.
With large weightings in Barrick Gold (the world's largest gold company), Suncor Energy (oil), Teck Cominco (base metals), and Canadian Natural Resources (oil), the EWC is down just 9% in the past 12 months. This is actually a solid return when compared with the huge losses China, Russia, Korea, England, and India have suffered. There aren't many places to hide in a bear market... but Canada is providing a small amount of shelter.
Re: Canada
Posted:
Thu Feb 19, 2009 3:57 pmby millionairemind
This is going to hurt Alberta, Canada real hard...
Obama flags up oil sands fearsBy Upstream staff
US President Barack Obama, ahead of his visit to Canada tomorrow, said that the country's oil sands operations leave a carbon foot print that adds to climate change concerns.
Obama expressed concern about the environmental impact of the oil sands in an interview with the Canadian Broadcasting Corporation.
Canadian Prime Minister Stephen Harper has said energy security and the environmental impact of Alberta's massive oil sands operations will be priorities during his meeting with the new US leader. Harper is expected to lobby Obama on the merits of the oil sands as a safe and secure source of oil, an Associated Press report said.
But critics claim the growing operations by major oil companies will increase greenhouse gas emissions and threaten Alberta's rivers and forests, with experts saying that producing a barrel of oil from sand results in emissions three times greater than a conventional barrel of oil.
Obama likened the carbon footprint of the oil sands with that of the US coal industry.
"What we know is that oil sands creates a big carbon footprint. So the dilemma that Canada faces, the US faces, and China and the entire world faces is how do we obtain the energy that we need to grow our economies in a way that is not rapidly accelerating climate change," Obama said.
http://www.upstreamonline.com/live/article172317.ece
Re: Canada
Posted:
Fri Oct 09, 2009 9:31 pmby winston
Out of sight, out of mind. I didnt know that the unemployment rate in Canada rose is that high now ...
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Canadian Unemployment Rate Falls To 8.4%
(RTTNews) - Canadian employment increased for the second consecutive month in September, signaling that the nation's labor market is in recovery following the worst global economic downturn in decades.
Statistics Canada said Friday that employment was up 31,000 last month, driven by large full-time gains. The unemployment rate fell by 0.3 percentage points to 8.4%, the first monthly decline since the beginning of the labor market downturn in the fall of 2008.
September's full-time increase of 92,000, the largest since May 2006, was partially offset by part-time losses of 61,000. The increase in full-time work was mainly among youths and women aged 25 and over and in Ontario.
Despite September's gains, full-time employment has fallen by 395,000 or 2.8% since the employment peak in October 2008.
Construction, manufacturing and educational services saw employment increases in September, while there were declines in transportation and warehousing.
Source: RTT
Re: Canada
Posted:
Mon Oct 19, 2009 8:58 amby LenaHuat
Western Canada is stirring. The federal government is plowing big $$ to develop the port and rail facilities of Vancouver and Prince Rupert. It seems the sea route from Prince Rupert to Japan and hence onward to China is some 2 days' shorter
From Prince Rupert, fast rail services can move goods quickly to Toronto, Chicago and to the east end.
Greenland, which won indepence from Denmark only in early 2009, is the world's biggest island state now. I anticipate big discoveries of commodities, maybe even natural gasfields on the island.
The northern bloc bounded by Canada, Greenland, the Scandinavian states of Finland, Norway and Sweden plus Russia are on my radar.
Re: Canada
Posted:
Wed Nov 25, 2009 9:09 pmby winston
Canadian Lumber and Loonie
Recent developments in Chinese building codes suggest that for Canada, at least, lumber might be the next decade's oil, says David Watt, senior currency strategist at RBC Capital Markets.
"A British trade delegation to China once mused that if the Chinese added one inch to their shirt-sleeves, 'the textile mills of Lancashire would be busy for the next 100 years'," Mr Watt says.
"Similar dreams have lingered in Canada's lumber industry; if only China clarified rules for wood frame construction, a massive market would crack open, easing (Canada's) heavy dependence on the US."
That now appears to have happened, with reported changes to the Shanghai Local Code meaning modern woodframe construction can now be used to meet Chinese building needs.
"Even a modest uptick in Chinese demand would be a boon to Canada's lumber industry – and heighten the bull case for the Canadian dollar," he says.
Source: Financial Times
Re: Canada
Posted:
Tue Jun 01, 2010 5:39 pmby LenaHuat
Canada is the first G7 country to raise interest rate. Expecting 25 basis points raise at 9:00am today.
Re: Canada
Posted:
Tue Jun 01, 2010 5:42 pmby kennynah
thanks L for this headsup...
Re: Canada
Posted:
Tue Jun 01, 2010 5:46 pmby LenaHuat
Hi K
U're welcome. I think that's it for the year. No more for the second half.