The past week wasn’t particularly good for stocks. Equities fell by half a percent, while bond values rose by half a percent. As would be expected, bond yields fell somewhat. The surprise, for me, is that gold (IGT) continued to
Mortgage rates (Bank of Canada official = 4.99%) have fallen 25 bps (1/4%). Other interest rates have risen slightly, but lower mortgage rates could translate into higher property prices, all else being equal. This could potentially have a wealth effect
Canadian Large Caps Valeant (VRX) has done really well for me as I’ve owned it over the last four weeks. In that time, it has increased 5%, almost an entire year’s worth of growth. Cameco (CCO) is a uranium producer.
Stocks went virtually nowhere over the last week, while bonds rose in value and interest rates fell slightly. What does it mean? It causes me to worry a little, because of the RRSP deadline which has been driving prices up.