China Mining Resources Group Limited aka “China Mining” recently announced their indirect acquisition of Fortune Minerals Limited (FT.TO). The purchase was conducted by Best Tone Holdings Limited “Best Tone”, which is wholly owned by China Mining. This procurement is a combination purchase of common shares and warrants. Now China Mining holds 15.31% ownership of Fortune [...]
Canadian Stock Talk
Category Archives: Canadian Dollar
Canadian Dollar upgraded to Safe Haven Currency Status
The number of analyst reports predicting that the Canadian Dollar will appreciate against the US Dollar was dwarfed today by Russia. The Russian Central Bank just announced that they will be diversifying away from US Dollars and one of the major replacement currencies will be Canadian Dollars.
It’s not often that Canada makes headlines in the [...]
Canadian Dollar to Outperform US Dollar Over the Coming Years.
The American Dollar is in trouble. Over the past couple of decades the US Government has borrowed and borrowed and now the White House sites on over $11,925,000,000,000 in debt. That’s around $38,834 per person! Take a look at the US Debt Clock. If you scroll down to the bottom you will see that each [...]
Is now the time to be investing in Canadian Dollars?
This question should probably be rephrased, ‘is now the time to invest in assets that the world demands more and more, whether there is or is not a recession?
According to the Canadian Press, “Canada has the potential to attract billions of dollars in investment from Chinese companies.” It is no surprise that one of the [...]
Canadian Dollar: How to make money on the increasing value of the Canadian Dollar.
The Canadian Dollar hit a 130 year high on November 7, 2007 at $1.1027 (U. S.). This new valuation of the dollar will take some getting used to. Already there have been some business outcries for the Bank of Canada to step in and lower rates to cool off the appreciating dollar. This I do [...]
The Best Place to Start Investing in Stocks: Canada’s Big 5 Banks
Royal Bank of Canada (RY)
Toronto Dominion Bank (TD) * Michael Assoline’s Pick (Analyst @ Raymond James Financial)
Bank of Nova Scotia (BNS)
Bank of Montreal (BMO)
Canadian Imperial Bank of Commerce (CM)
Add National Bank of Canada (NA) to get ‘the big 6 banks’
If you wanted to find consistency and a healthy income stream from a stock where would [...]
How to adjust your Mortgage Payments and Total Mortgage Payout
The top 2 variables affecting your mortgage:
1) The Amortization Period
2) Interest Rates
Amortization Period: Full time period until the mortgage debt matures (commonly 25 years, and now up to 40 years)
Increasing the amortization period lowers the monthly payment amount while increasing the total payout for the mortgage as less of your monthly payment is attributed to [...]
