Author Archive
Family Day, A Blessing or a Curse?
How did you spend your Family Day? A gift from the Provincial Liberal Government, thanks in large part by a surprised Dalton McGinty who won a second term at the time. He was surprised as anyone else that he was actually reelected. So as a reward to the citizens who swept him back into power...
The Clock is Ticking and Tensions Mount Along with Commodities
The clock is ticking and tensions mounting as nuclear inspectors visit Iran. The propaganda; Is the Iranian Nuclear capability being developed for energy or for the destruction of Israel. With uncertainty gold climbs $14.70USD/oz @ 1773.20 this day; Silver slips $0.12 @ 34.30/USD/oz. With sabre rattling continuing in the Persian Gulf oil has risen substantially...
Second Greek Bailout Confirmed but is it a Solution?
A second $172 Billion USD$ bailout was handed to the Greeks, not that they really wanted to take it but they were essentially given no choice. With only a slim chance to bring the country on the path to economic recovery, the people have become debt slaves to the rest of their mistrustful partners. This...
Love Makes the World Go Around?
What is Love? My eldest recently told my wife she may start dating; personally I was a little taken aback because she didn’t want to discuss it with me. Obviously the kid knows me and I would have probably tried to convince her to finish school, get an education, see the world, start a career...
Commodities Trend Upward on Greek Pessimism and Persian Gulf Tension
Where’s the Love for Greece and the austerity measures they passed. With a little pessimism the yellow metal rose $14.40USD/oz @ 1732.10; Silver also up $0.27 $33.62/USD/oz. With the sabre rattling continuing in the Persian Gulf and a potential Iranian conflict oil surges $1.05 to $101.79USD/barrel. The Euro finally shows some weakness slowly depreciating versus...
US Retail Spending Rises- Lin-Sanity hits Toronto- Doubt Cast over Greek Debt Resolution-
USA Retail Spending rose in Jan, rebounding from a weak holiday season. Seasonally adjusted @ 0.4% it fell short of market expectations for a 0.8% gain. Never the less, it is considered encouraging as deals bring money out of the mattresses. The NBA’s newest sensation Jeremy Lin of the New York Knicks beat our Toronto...
The Loss of a Living Legend Brings Inspiration of Love
If you haven’t heard already one of the most talented women in the music industry, Whitney Huston, met a most tragic death over the weekend. Being the same age as myself it sent a few shivers down my spine, thinking the inevitable is around the corner. But then again, if I compare my life to...
Greek Austerity Plan Allows The Global Economy to Move Forward
Greece austerity measures give rise to resolution so markets can move forward. The yellow metal rises $1.70uSD/oz @ 1727.00; Silver also up $0.12 @ 33.72/USD/oz. Oil, on renewed optimism of fiscal problems being cast aside, and the potential for the global economy to start turning growth rises $1.35@ $100.02USD/barrel. The Euro is slowly appreciating versus...
The Streets of Greece Burn With New Austerity Plan
On Friday afternoon the Greek austerity deal didn’t meet the bailout terms imposed by the rest of Euro Zone. The Greek Parliament made politically unpopular decisions to slash government spending including fifteen thousand civil service jobs. The minimum wage was reduced by 22% and for a society that had the luxuries yet never paid the...
Discussion of Mental Health Issues Bring Ray of Sunshine
This week BCE kicked off their campaign supporting mental health discussion around the topic of depression and other mental health issues. The timing couldn’t be better because for me personally during these winter months I awake everyday as if it’s Groundhog Day without that vigour or spark. Even though I have nothing to worry about,...
Greek Debt Talks Front and Center as Commodities Trend Upward
Though markets seem tame, talks of Greece debt agreement continue as the politicians walk on pins and needles. Gold pushes higher as yellow metal appreciates $10.40USD/oz @ 1741.70 after slipping to 1728ish overnight; Silver also up $0.23 @ 33.93/USD/oz. Oil, on renewed optimism of fiscal problems being cast aside, thus clearing the way for global...
Canada and China Discuss Free Trade Options
Prime Minister Harper and a delegation of Canadian politicians travelled to China this week to set the stage for possible free trade talks. The likelihood is that these meetings are expected to proceed with, “exploratory discussions on deepening trade and economic relations.” There are seventeen specific government to government issues ranging from energy to human...
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