Last week Bank of Canada Governor Poloz tossed a bit of a curveball to investors. There is no doubt the unbelievable Canadian employment numbers have been improving. When I say unbelievable I mean not credible, rather than “wow they have been so impressive”. Despite the
From a yield perspective, long U.S. treasuries (TLT) yield about 2.8 per cent and long Canadas yield about 2.00 per cent (ZFL). This compares to a less than two-per-cent yield for the U.S. equity (ZUE) market and a 2.7 per cent yield for the S&P
The French elections have the potential to really shake the Trump rally. Those that say we should ignore it because it would be little more than a ‘Brexit’ result where markets dipped for a few days, then rallied strong, are naive. If France leaves the
I have heard some say that I should change the name of the show to “Bear-man’s Call” because I’m too bearish all the time. On the 10th anniversary of the show, I wanted to clarify why some may have that perception. Simply, I consider the
It seems clear the Liberals do not have an Action Plan for Canada. Since the 2016 budget, the private sector has downgraded the outlook for GDP growth in Canada. In other words, SELL, SELL, SELL. Either they have no confidence in Liberal policies or the
As a follow up to this week’s Globe and Mail article, I wanted to look at evaluating longer-term market risk from the perspective on what is called global macro investing. Looking at known event risks and assessing what impact their outcome might have on various
I’ve been suggesting for years that the debt and deficits are increasingly going to hurt economic growth. I’m fearful that the Liberal budget coming down this week will only make things worse for Canada in relation to our major U.S. trading partner. The government will
It was 10 years ago this month that Berman’s Call was first aired. That got me thinking about long-term investing. This week I’m looking at drawdowns (also known as bear markets). What I consider market noise and almost any investor can handle is a 5
It was 10 years ago this month that Berman’s Call has been on air. That got me thinking about long-term investing. At my St. Catharine’s, Ont. show this weekend, I polled the audience as to who was a long-term investor. The vast majority of the
U.S. President Donald Trump will address a joint session of Congress on Feb. 28. He is expected to talk a little tax — it’s the lower taxes and lower regulations that the markets have been celebrating. But there needs to be a lot of horse