Alberta is the engine that drives Canadian growth

Alberta is the engine that drives Canadian growth
What would Canada’s economy and public finances look like without Alberta? It wouldn’t be pretty By Ben Eisen and Steve Lafleur The Fraser Institute Troy Media During his Canada Day speech, Prime Minister Justin Trudeau accidentally caused a stir by forgetting to mention Alberta when listing all of Canada’s provinces and territories. It was surely an oversight rather than intentional... Read More

Gold, Oil and Interest Rates

Gold, Oil and Interest Rates
By Ron Friesen I am not a certified market analyst or financial professional. I am a businessman, Realtor® and writer with an unnaturally enthusiastic interest in business and how things work. Never stop asking why, I say. With this in mind you understand my articles are not intended as investment advice and are written only to entertain and stimulate constructive... Read More

Changes in financial services impacts investors

Changes in financial services impacts investors
by Derek Wood The financial services business has undergone major changes over the last 30 years. Probably the biggest change began in 1987 when banks were granted permission to own brokerage firms. Today it is estimated that between 80% and 90% of Canadian retail investment assets are under bank administration. Other changes to the investment industry that have occurred include:... Read More

Is BC’s New and Unnatural Political Alliance Good For Anyone?

Is BC’s New and Unnatural Political Alliance Good For Anyone?
By Ron Friesen Kinder Morgan Canada Ltd (TSX:KML) launched their IPO last week at C$17.00 per-share, then opened on the TSX this past Tuesday, May 30 at C$16.06, closing first-day trading at C$16.24. On the morning of day two trading was around C$16.05. Day three, mid-day TSX:KML has rebounded to C$16.41. Investors are showing their opinion of value, and perhaps... Read More

Moody’s Downgrade of Canada’s Big Banks – In Context

Moody’s Downgrade of Canada’s Big Banks – In Context
By Ron Friesen Following the news of Moody’s recently downgrading the credit rating of six of Canada’s big banks we are now in Q2 reporting season for the big five. There is understandable difficulty for many consumers to interpret the news and reports with confidence, especially under exposure to seemingly conflicting views. The credit rating at Canada’s big banks drop... Read More

Has the death of value investing been greatly exaggerated?

Has the death of value investing been greatly exaggerated?
By David Duval These days it would seem that the concept of “value investing” has become an oxymoron given the almost daily price anomalies we see in the global marketplace. Many widely followed stocks are trading at historically high price/earnings multiples despite their poor underlying fundamentals. Rather than invest profits back into their businesses (which might partly explain why the... Read More

Dollar Cost Averaging into Equities

Dollar Cost Averaging into Equities
During the past year in Canada, both domestically and internationally, we entered 2016 with our national economy on the verge of recession led by a drastic slowdown in Alberta’s economic output under a new provincial government. Consider the significance and scale of the events, the national economic trend has more recently reversed in the back half of the year with... Read More

Man vs. Machine: Can the retail investor compete with high frequency traders?

Man vs. Machine: Can the retail investor compete with high frequency traders?
By Tony Matos Computerized trading has become a double edged sword in the financial market. Computers have facilitated the ease with which transactions take place, yet with the introduction of High Frequency Trading (HFT) in 1999, many believe that the technology has advanced to the point of becoming a torment. High Frequency Trading is capable of completing trading transactions in... Read More

Will Vancouver Commercial Real Estate Have the Same Fate as the Housing Bubble?

Will Vancouver Commercial Real Estate Have the Same Fate as the Housing Bubble?
Altus Group, a provider of commercial real estate services, reported that real estate transactions in Vancouver were up 34% in just one quarter, the sixth straight quarter of growth. $3.75 billion in deal flow was recorded by Altus, 875 of those deals exceeded $1 million and 19 transactions for more than $25 million. The increase in commercial real estate sales... Read More