David Stanley in the recent issue of cdn. moneysaver had an article about why he still likes Cdn. stocks.
What I found interesting was some of the charts in the article.
one from TD I had the other is new from globeinvestor.
Performance of Cnd. US markets (as of Feb 28, 2007)
Average annual composite returnSPTSX SP500
1 year 14.4% 12.9%
2 years 18.7% 5.4%
3 years 16.4% 2.4%
five years 13.5% -1.5%
ten years 9.7% 4.3%
Cdn. and US economic Forcast TD securites
2007 Canada US
Real GDP growth 2.4% 2.2%
CPI % 1.8% 2%
Change in Residential constuction -1% -12.3%
Current account balance 18 -812
Empoyment growth 1.8% 1.2%
10 year bond yield 4.1% 4.26%
should note residential costruction will be positive in 2007 in Cdn. not negative. my guess is 2-4%. not sure on the US, however the cdn. estimate is far to negative.
the Cdn. market has benifitted by resources. now mergers are happening.
here is a quick list in the past 3 years.
Inco, Falconbridge, BCE (will be, private equity must try,Ipsco ( the steel pipe company in Mr. GIC, and talked about a few times here, mentioned at 50, 80, 90, at 90 said fully valued, well go taken out at 170. which I bought much more......maybe it is cheap.lol.
Algoma another steel, Domtar (mentioned that one a few times the best of the bunch).
stelco is rumoured, the worse, not sure it will go.
about 20 income trusts since the conservative government killed off the income trusts.....soon they will be voted out or start acting like conservatives.
also Alcan is now have an offer. Alcan own a small part, also own some in a drip spp account.
is a better company than alcoa...will just wait to see what happen.
will lose 25% of my positon because I sold $70 cdn. calls, now at $90 cdn. :scared
thanks
selkirk
What I found interesting was some of the charts in the article.
one from TD I had the other is new from globeinvestor.
Performance of Cnd. US markets (as of Feb 28, 2007)
Average annual composite returnSPTSX SP500
1 year 14.4% 12.9%
2 years 18.7% 5.4%
3 years 16.4% 2.4%
five years 13.5% -1.5%
ten years 9.7% 4.3%
Cdn. and US economic Forcast TD securites
2007 Canada US
Real GDP growth 2.4% 2.2%
CPI % 1.8% 2%
Change in Residential constuction -1% -12.3%
Current account balance 18 -812
Empoyment growth 1.8% 1.2%
10 year bond yield 4.1% 4.26%
should note residential costruction will be positive in 2007 in Cdn. not negative. my guess is 2-4%. not sure on the US, however the cdn. estimate is far to negative.
the Cdn. market has benifitted by resources. now mergers are happening.
here is a quick list in the past 3 years.
Inco, Falconbridge, BCE (will be, private equity must try,Ipsco ( the steel pipe company in Mr. GIC, and talked about a few times here, mentioned at 50, 80, 90, at 90 said fully valued, well go taken out at 170. which I bought much more......maybe it is cheap.lol.
Algoma another steel, Domtar (mentioned that one a few times the best of the bunch).
stelco is rumoured, the worse, not sure it will go.
about 20 income trusts since the conservative government killed off the income trusts.....soon they will be voted out or start acting like conservatives.
also Alcan is now have an offer. Alcan own a small part, also own some in a drip spp account.
is a better company than alcoa...will just wait to see what happen.
will lose 25% of my positon because I sold $70 cdn. calls, now at $90 cdn. :scared
thanks
selkirk
