Fliujniligui

Peter Grandich: Bullish on Oil, Uranium and Canadian Banks

I am Canadian and share the views in this article. Our house is looking better, and this is normal, we are prepared for hard winters.

Six Canadian Banks That Should Reward Long Term Investors

If you want a pure defense play, Buy National Bank of Canada which is omitted in this article. NA works mainly in Eastern Canada and almost uniquely in Québec. Québec is still creating jobs, is much more "socialist" state which means most of the jobs are steady (teachers, nurses, doctors and social workers) and there was no boom in house prices here. The part of our economy depending on resources is depressed for a decade now since most of it is forestry and trees grow better in Brazil than here... Paper companies and lumber are on the brink of bankruptcy for decades and they do not represent downside risk for NA since most of bad assets linked to these are just inexistant now. NA was caught up in 2007 when Commercial Paper froze but with the accord to deal with it, this is ok now. Why the author has omitted NA is a mystery for me.

There is another omission of pure quality mid-cap bank in Québec. Laurentian Bank (LB) which has not the exposure to commercial papers from NA. Author is well on the track but maybe some insight from someone who lives in Canadian grounds will help a little.

Expectations of Weaker Credit Quality Cause Bank Bearishness at Dundee

Yea, TD is a steal and I commited steal at 43.20$. Those analysts are not better than crowd intelligence which is inversely proportional to the number of person composing it. The difference is that an analyst alone is as stupid as a multiple member crowd. What an prowess.