The Week Ahead Ahead – May 29

Overshadowing all economic reports and earnings will be the anticipated pre-packaged bankruptcy of GM. Up until now, the market has held up pretty well as it has built the expectation of bankruptcy into the equation.
Next week is relatively light for earnings announcements on the Canadian front. Bombardier (BBD.B) reports on Wednesday with an eps estimate [...]

Consumer Confidence Index…What is it?

Market in North America rallied after the consumer confidence index was materially higher than expected. That’s great but what does it mean?
The National Bank put out a report on May 22nd that answered this question as the index in Canada is quite different than the index in the US. Why are they different?
Well, each index [...]

Why This Market Upturn May Have Legs

The TSX has moved from its low of 7479 to over 10,000 in less than two months. Market sentiment has improved and bad news seems to be ignored by investors driving stocks ever higher.
I was emailed a very interesting chart relating to current and historical amounts of cash sitting on the sidelines in money market [...]