The stock of (CNQ) pushed substantially higher this winter, clearing major psychological resistance at $50, before pulling back in healthy-correction fashion.

Further, given the better than 50% gain, if you bought Canadian Natural Resources when first discussed here at the split-adjusted price of $31.80 on May 24, 2010, now may be a good time to consider taking some profits off the table with CNQ.

Continue reading Canadian Natural Resources: Oil Sands Sector Winner

Canadian Natural Resources: Oil Sands Sector Winner originally appeared on BloggingStocks on Tue, 05 Apr 2011 09:30:00 EST. Please see our terms for use of feeds.

Royal Bank of Canada (RY - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q1 profit of C$1.839 billion, or C$1.24 per share. Excluding one-time items, RY earned C$1.26 per share, topping analysts' forecasts of C$1.01 per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RY.

RY opened this morning at $61.32. So far today the stock has hit a low of $60.96 and a high of $62.29. As of 12:10, RY is trading at $61.46 up $2.85 (4.9%). The chart for RY looks bullish and S&P gives RY a positive 4 STARS (out of 5) buy ranking.

Continue reading Royal Bank of Canada Surges on Q1 Earnings

Royal Bank of Canada Surges on Q1 Earnings originally appeared on BloggingStocks on Thu, 03 Mar 2011 13:40:00 EST. Please see our terms for use of feeds.

I have reiterated my buy recommendation on Canadian telecommunications giant BCE Inc. (BCE) in the latest issue of The Canada Report newsletter.

I originally advised buying the stock in December 2008 when it was trading at $17.76 following the collapse of a multi-billion dollar bid to take the company private. At the time, I felt that investors were overreacting to the news and throwing out the baby with the bathwater.

Continue reading BCE Still a Buy

BCE Still a Buy originally appeared on BloggingStocks on Thu, 17 Feb 2011 16:40:00 EST. Please see our terms for use of feeds.

Continue reading Suncor Energy Chops Above $40

Suncor Energy Chops Above $40 originally appeared on BloggingStocks on Mon, 31 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

Continue reading Gildan Activewear: They Can't Make Product Fast Enough

Gildan Activewear: They Can't Make Product Fast Enough originally appeared on BloggingStocks on Mon, 20 Dec 2010 17:30:00 EST. Please see our terms for use of feeds.

Continue reading Investing in Canada Pays Off

Investing in Canada Pays Off originally appeared on BloggingStocks on Fri, 29 Oct 2010 11:30:00 EST. Please see our terms for use of feeds.

Continue reading Corn, Wheat and Soybean Prices Surge Higher on Weather Problems

Corn, Wheat and Soybean Prices Surge Higher on Weather Problems originally appeared on BloggingStocks on Mon, 20 Sep 2010 10:00:00 EST. Please see our terms for use of feeds.

Canada became the first G8 member to raise interest rates. The rate was increased a quarter point to 0.5%. Since the recession began, only a few countries have raised rates, among them Australia, Brazil and India.

The Bank of Canada issued the following statement explaining the rate change: "Given the considerable uncertainty surrounding the outlook, any further reduction of monetary stimulus would have to be weighted against domestic and global economic developments."

Continue reading Canada Is the First G8 Member to Raise Interest Rates

Canada Is the First G8 Member to Raise Interest Rates originally appeared on BloggingStocks on Wed, 02 Jun 2010 12:40:00 EST. Please see our terms for use of feeds.

For the first time since 2008, the Canadian dollar is trading at parity with the U.S. dollar. The loonie, as it is called, rose on higher oil prices, Canada's largest export.

"It's a perfect storm for the Canadian dollar," Jonathan Gencher, director of foreign exchange sales at Bank of Montreal in Toronto told Bloomberg. "Canadian rates are higher and Canada will be moving before the Fed. Oil is higher. The fundamentals suggest we'll hang around here for a while."

Continue reading Canadian Dollar Trades at Parity with the U.S. Dollar

Canadian Dollar Trades at Parity with the U.S. Dollar originally appeared on BloggingStocks on Tue, 06 Apr 2010 11:20:00 EST. Please see our terms for use of feeds.

The financial crisis storm clouds have vanished, but the we're by no means looking at clear skies.

That, in a nutshell, is the International Monetary Fund's stance regarding the global economy's condition in Q1 2010, as IMF First Deputy Managing Director John Lipsky said developed economies face "acute" challenges in confronting high debt, Bloomberg News reported.

Continue reading IMF Urges G-7 Deficit Reduction via Pension, Health Care Reform

IMF Urges G-7 Deficit Reduction via Pension, Health Care Reform originally appeared on BloggingStocks on Mon, 22 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

As you may know, I am a rabid hockey fan. My team is the Columbus Blue Jackets, but I have come to appreciate good hockey as a whole. Last night, I hunkered down with my wife and brother-in-law to watch the USA take on Canada in the Olympics. What a game. Some are calling it the biggest upset since 1980's Miracle on Ice. I will play into the hype, although these were pros versus pros and anything can happen.

That said, I have to express a few opinions about the game. First, let's start with NHL Commissioner (or should I say uber-villain) Gary Bettman. Bettman believes that NHL players shouldn't compete in the Olympics because it takes away from the NHL itself. Really? The fact that your games are on Versus and once a week on NBC doesn't? How many times can the American public be force-fed Sidney Crosby and Alexander Ovechkin? Great players, but there are other players in the NHL.

Continue reading JockStocks: Wrapping Up the USA/Canada Hockey Game

JockStocks: Wrapping Up the USA/Canada Hockey Game originally appeared on BloggingStocks on Mon, 22 Feb 2010 13:00:00 EST. Please see our terms for use of feeds.

Continue reading Suncor Energy Remains in Uptrend

Suncor Energy Remains in Uptrend originally appeared on BloggingStocks on Fri, 08 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Continue reading 'Buy American' hurting America?

'Buy American' hurting America? originally appeared on BloggingStocks on Thu, 17 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Employment in Canada rose by 27,000 in August, however, the unemployment rate also rose to 8.7% from 8.6%.

Here's why we shouldn't get excited over this report. The employment gain was mainly in part time jobs which rose by 30,600.

By sectors the numbers break down this way:

• Manufacturing lost another 17,300 jobs, with 12 months losses at 231,000 or 12%.
• Government jobs fell by 11,500.
• Self-employed fell by 10,600

Continue reading Canada posts first job gain in four months

Canada posts first job gain in four months originally appeared on BloggingStocks on Fri, 04 Sep 2009 11:10:00 EST. Please see our terms for use of feeds.

Continue reading Guru Strategy: Americans should turn to Canada for outsized returns

Guru Strategy: Americans should turn to Canada for outsized returns originally appeared on BloggingStocks on Tue, 23 Jun 2009 15:50:00 EST. Please see our terms for use of feeds.

Q. Gordon, since we last spoke, global markets have lost nearly half their value, and the Toronto Stock Exchange's Composite Index has dropped from more than 15,000 to just over 8,700. Have we hit bottom?

A. We are cautiously optimistic, but the recent trillion-dollar bond purchase plan announced by the Federal Reserve is great news for Canada. The flood of cash will likely spur inflation, drive down the value of the US dollar, and raise the price of commodities. It's no surprise that gold [rose] almost $60 an ounce and oil [got] back over $50 a barrel. The Canadian stock market is heavily weighted to commodities, so we are seeing a big lift. I still expect a lot of volatility in the coming months. However, the March 6th TSE low of 7,480 may turn out to have been the bottom for this cycle.

Continue reading Global Q&A: Has Canada turned the corner?

Global Q&A: Has Canada turned the corner? originally appeared on BloggingStocks on Wed, 01 Apr 2009 11:30:00 EST. Please see our terms for use of feeds.

The banking crisis is a nasty mess throughout most of the U.S. and Europe. Just recently Lloyds Banking Group PLC (NYSE: LYG) ceded 75% of its assets to the government of Britain, and Citigroup Inc. (NYSE: C) closed at $1.05 on Monday. Let's not forget JP Morgan Chase & Company (NYSE: JPM) has $87.7 trillion worth of outstanding OTC contracts as of September 30. JPM will not disclose how much of this is toxic.

Continue reading In Canada you will find good, old-fashioned bankers

In Canada you will find good, old-fashioned bankers originally appeared on BloggingStocks on Tue, 10 Mar 2009 12:15:00 EST. Please see our terms for use of feeds.

Continue reading Circuit City sells its Canadian operations

Circuit City sells its Canadian operations originally appeared on BloggingStocks on Tue, 03 Mar 2009 07:00:00 EST. Please see our terms for use of feeds.

The Canadians are going to supply Chrysler and General Motors (NYSE: GM) with a little over $3 billion in loans to help them through financial trouble that could put both companies into bankruptcy. The nation faces the same issue as America. If the car companies go bust,, tens of thousands of people will lose their jobs early next year. That would be a huge strain of the Canada tax base and the cost of its social services for the unemployed.

The money being offered to the two American cars companies is barely enough to last them for a couple of weeks based on the rate at which they are burning cash, so decisions by the U.S. Congress and the Obama administration will still be the sole determinant of what happens to the big firms.

According to Reuters, "General Motors of Canada Ltd is eligible for loans of up to $C3 billion and Chrysler Canada Inc for up to C$1 billion." The U.S. aid package is $17.4 billion, so capital coming from north of the border is barely a drop in the bucket.

The Canadians better start lobbying Washington and lobbying successfully. Otherwise their auto industry will go down with the one in the U.S.

Douglas A. McIntyre is an editor at 247wallst.com.

Canadian auto aid, a drop in the bucket originally appeared on BloggingStocks on Sun, 21 Dec 2008 11:10:00 EST. Please see our terms for use of feeds.

Continue reading Canadian markets halted due to a glitch -- can it happen in the U.S.?

Canadian markets halted due to a glitch -- can it happen in the U.S.? originally appeared on BloggingStocks on Wed, 17 Dec 2008 15:36:00 EST. Please see our terms for use of feeds.