At the beginning of the year it's a good idea to reassess the economic snapshot of the country that you are planning to invest in. What is the overall direction that you will be expecting the market to trend in? Will the country be experiencing growth or setback? What will be happening to inflation? Interest rates? Consumer confidence?
In 2011, Canada's Gross Domestic Product is estimated to be 2.0%. What does this mean? It means that the total value of goods produced and services provided by the country is expected to increase by 2.0% from the previous year. The fact that the number indicates that Canada is expecting that it's economy will grow in 2011.
To get a better understanding for what 2.0% means, it is helpful to benchmark the number against the numbers that other countries are forecasting. China and India are forecasted to grow at 8.5% and 8.7% respectively. The United States is currently projected at a growth rate of 2.2% for 2011.
http://web.worldbank.org/external/default/main?theSitePK=659149&pagePK=2470434&contentMDK=20370107&menuPK=659160&piPK=2470429
If GDP were the sole indicator used for choosing a stock, then it would suggest the most probable gains would be found in equities in the country's forecasted to experience the most growth. The easiest access investors have to gain exposure on the foreign exchanges can be found at http://www.tmxmoney.com/en/sector_profiles/exchange_traded_funds/funds/by_type.html
Search for an ETF that is bullish in emerging markets.
Monday, January 3, 2011
Friday, December 10, 2010
Another day in the green for the TSX, closed up 0.55% from yesterday to end the week at 13239. Every sector posted a gain, lead by metals & mining, health care, and telecom. http://tmx.quotemedia.com/marketsca.php?locale=EN
The S&P almost registered the exact same percentage gain, up 0.6% from yesterday to end the week at 1240. All sectors on the S&P also posted gains, lead by industrials, health care, and financials. http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--
The Canadian financials finished the day up 0.87% to close at 184. Weekly financial chart shown below.
http://tmx.quotemedia.com/marketsca.php?locale=EN
BNS lead the Canadian financials.
The US financials finished up 0.88% to close at 212.
Citigroup lead the way south of the border, with a 1.67% gain.
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK
This mini-rally should continue into next week, as commercial and retail investors get their year end trades in ahead of the holidays.
Stronger than expected economic data and consumer confidence levels should support the rally.
http://www.bloomberg.com/news/2010-12-10/most-asian-stocks-fall-euro-trades-near-week-low-on-china-rate-concerns.html
The S&P almost registered the exact same percentage gain, up 0.6% from yesterday to end the week at 1240. All sectors on the S&P also posted gains, lead by industrials, health care, and financials. http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--
The Canadian financials finished the day up 0.87% to close at 184. Weekly financial chart shown below.
http://tmx.quotemedia.com/marketsca.php?locale=EN
BNS lead the Canadian financials.
| BMO.TO | 61.74 | -0.10 | -0.16% | BANK OF MONTREAL |
| BNS.TO | 56.00 | +0.66 | +1.19% | BANK OF NOVA SCOTIA |
| RY.TO | 52.75 | +0.28 | +0.53% | ROYAL BANK OF CANADA |
| CM.TO | 77.31 | +0.14 | +0.18% | CANADIAN IMPERIAL BANK OF COMME |
| NA.TO | 70.22 | +0.71 | +1.02% |
| Company name | Exchange | Currency | Price | Change | Chg % | |
|---|---|---|---|---|---|---|
| TD | Toronto-Dominion Bank | TSE | CAD | 73.25 | 0.00 | 0.00% |
The US financials finished up 0.88% to close at 212.
Citigroup lead the way south of the border, with a 1.67% gain.
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK
This mini-rally should continue into next week, as commercial and retail investors get their year end trades in ahead of the holidays.
Stronger than expected economic data and consumer confidence levels should support the rally.
http://www.bloomberg.com/news/2010-12-10/most-asian-stocks-fall-euro-trades-near-week-low-on-china-rate-concerns.html
Wednesday, December 8, 2010
The TSX was down 0.74% today to close at 13152, compared to the S&P which was up 0.37% to close the day at 1228.28.
The financial sector was the only one that posted a finish in the green today, up 0.51% to close at 181.88. The losses on the TSX were lead by metals & mining down 2.36% and energy down 0.98%.http://tmx.quotemedia.com/marketsca.php?locale=EN
The financial sector was also the strongest on the S&P, up 1.81% to close at 207.14. http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--
The big 5 TSX tickers finished as follows:http://www.google.com/finance?q=ry.to
The big 5 S&P tickers finished as follows:http://www.google.com/finance?q=jpm
Check tomorrow to see if the TSX follows the S&P lead from today.
The financial sector was the only one that posted a finish in the green today, up 0.51% to close at 181.88. The losses on the TSX were lead by metals & mining down 2.36% and energy down 0.98%.http://tmx.quotemedia.com/marketsca.php?locale=EN
The financial sector was also the strongest on the S&P, up 1.81% to close at 207.14. http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--
The big 5 TSX tickers finished as follows:http://www.google.com/finance?q=ry.to
| RY | Royal Bank of Canada (... | 52.05 | -0.10 | -0.19% |  | 74.18B |
| BMO | Bank of Montreal | 61.61 | -0.26 | -0.42% | | 34.68B |
| CM | Canadian Imperial Bank... | 77.45 | +0.20 | 0.26% | | 30.42B |
| BNS | The Bank of Nova Scotia | 55.40 | +0.40 | 0.73% | | 57.78B |
| TD | Toronto-Dominion Bank | 73.20 | +1.03 | 1.43% | | 64.31B |
The big 5 S&P tickers finished as follows:http://www.google.com/finance?q=jpm
| PM | JPMorgan Chase & Co. | NYSE | USD | 40.26 | +1.01 | 2.57% |
| BAC | Bank of America Corp. | NYSE | USD | 12.00 | +0.43 | 3.72% |
| C | Citigroup Inc. | NYSE | USD | 4.64 | +0.02 | 0.43% |
| WFC | Wells Fargo & Company | NYSE | USD | 29.37 | +0.90 | 3.16% |
| GS | Goldman Sachs Group, Inc. | NYSE | USD | 166.14 | +4.55 | 2.82% |
Check tomorrow to see if the TSX follows the S&P lead from today.
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