Hilliard MacBeth, director of wealth management at Richardson GMP recently suggested that he sees Canada’s residential real estate boom as a classic bubble. The basis of his argument is that, historically, residential real estate (not to be confused with commercial real estate) has been held as lifestyle purchasing. It’s a place where you live or Read More
One sector to sell, two to hold
Canadian Banks Above is a Thomson chart of the BMO ZEB equal weight bank index (stock price only with no dividend reinvestment). I’ve applied a 1-year cycle tool to this relatively short termed chart. Banks have been peaking predictably around this time of the year, and have sold off thereafter. The pullbacks have been Read More