Trading Desk Notes For October 23, 2021
10/25/2021 10:24 AMNew All-Time Highs for the leading stock indices – but “rotation” rules. The S+P and the DJIA came roaring back and hit new All-Time highs after that tiny 6% dip in September (capital flows show that retail and hedge funds Bought-The-Dip), but the tech-heavy Nasdaq...
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BMO: The Bank Of Canada Has No Justification To Continue Extreme Stimulus
10/25/2021 9:58 AMIt’s time to take off the training wheels for Canada’s economy, which is now looking overstimulated. That’s the take from BMO‘s Douglas Porter, who sees stimulus coming to an end as early as this week. The Bank of Canada (BoC) is increasingly looking out of touch with...
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The Goofy Award
10/24/2021 12:07 PMThis won't be popular - but it's on the short list for ugliest secret in Canadian business (and for consumers) that no one wants to talk...
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Quote & Shocking Stat of the Week
10/24/2021 12:00 PMQuote of the Week Two former central bankers warn that history shows that the Fed Reserve and Bank of Canada can't just turn inflation on and off. Shocking Stat of the Week Lots of talk about transitioning to renewables and EVs but not much about the astounding cost....
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Mike’s Comment – Oct 23rd
10/24/2021 11:52 AMI know we shouldn't say it but it's deja vu all over again with COP26 ready to go in Glasgow - lots of agreements but no practical...
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Oct 23rd Episode of MoneyTalks
10/23/2021 7:42 AMGet the poison pens ready for Mike's editorial on COP26. Kyle Green on mortgage moves as rates rise. Keystone's Aaron Dunn recommends 3 stocks. Note: his top recommendation from his last appearance in Feb is up 51%. Plus two central bankers on why you should be...
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Live Webinars – Position Your Stock Portfolio for 2022 & Beyond
10/22/2021 1:37 PMOur friends at Keystone Financial, Ryan Irvine and Aaron Dunn, will be hosting their last live webinars of 2021. If you are looking to fix your existing portfolio or finally take the plunge and build a simple 15-25 stock portfolio consisting of well-researched growth...
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Coming Up on Tomorrow’s Show
10/22/2021 12:26 PMWe're diving into the implications of interest rate hikes - to your mortgage, your portfolio and the economy. One report from Scotiabank projects EIGHT hikes in the next two years. Plus some ideas for income and dividend stocks from Aaron Dunn - also likely to be...
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Canadian CyberSecurity Firm’s Continued Worldwide Expansion
10/22/2021 11:22 AMYou may have heard Ian Paterson, CEO of BC-based Plurilock Secuirty Systems on MoneyTalks discussing with Mike the booming business of cybersecurity. Ian also explained his company's strategy for world-wide expansion, and hinted a new acquisition might be in the...
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Nova Scotia eyeing taxes for homebuyers coming from outside the province
10/22/2021 11:22 AMBuying a home in Nova Scotia may soon be more expensive for people from outside the province. Premier Tim Houston has instructed Finance Minister Allan MacMaster to implement a deed transfer tax on any property purchased by individuals who do not pay taxes in Nova...
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