In this post lets take to a look at the performance of the five large Canadian bank stocks and a select few ETFs using charts. This does not involve a deep technical analysis but just a simple review of these charts and making some observations. 1.Performance of five Canadian banks over the past 2 years: …
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On March 5, the Mortgage Bankers Association announced that mortgage delinquencies continued to rise in the US. The press release said “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008, up …
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The sub-prime crisis that started in the US impacted most of the world’s countries including Canada. However last year the Canadian economy stayed strong relative to other developed economies. When one looks at the macroeconomic fundamentals it does not bode well for Canada in 2009. When researching into the reasons for the strength of the …
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Calgary-based TransAlta Corp. is an electric utility with operations in the western part of Canada. The company generates power using coal, hydro, gas, geothermal and wind. About 70% of power generated is sold under government mandated long-term contracts. From their corporate site “TransAlta has been in the power business for almost 100 years – our …
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The following are the 4Q-2008 Earnings Release Dates and Writedowns announced for the five major Canadian banks: Bank of Montreal BMO – Nov 25 Estimate: $0.94 Writedowns Announced so far(Before Tax): C$638 M Bank of Nova Scotia BNS – Dec 2 Estimate: $0.74 Writedowns Announced so far(Before Tax): C$899 M Canadian Imperial Bank of Commerce …
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