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Fred Palik

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Michael Sprung

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Top Stock Picks

Top Stock Picks Manulife Financial, MFC-T; last purchase June 15, 2012, owned by clients and personally Management has gone to great lengths to de-risk the balance sheet and maintain a strong capital position. The product mix has been largely realigned towards more profitable business lines. MFC is well positioned for growth in Asia. HudBay Minerals, … [+] Read More

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Market Outlook – Are foreign takeovers of our resource sector good or bad?

Market Outlook – Are foreign takeovers of our resource sector good or bad? The Feds have approved CNOOC Ltd.’s $15.1-billion (U.S.) takeover of Nexen Inc. and Petronas’ $6-billion (Canadian) acquisition of Progress Energy Resources Corp. These deals are certainly good for stockholders in these two companies, but are they good for Canada? For years our government … [+] Read More

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Market Outlook – What are the prospects for the financial sector in 2013?

Market Outlook – What are the prospects for the financial sector in 2013? RBC reported a fourth quarter profit $1.25 per share, up 22%, on increase business loan demand. The other major Canadian banks will report next week. We are looking for more good news after a benign quarter. Assuming the US government takes at … [+] Read More

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Market Outlook & Top Stock Picks

Market Outlook & Top Stock Picks Investors are almost paralyzed by the uncertainty resulting from the political stalemate dealing with the fiscal imbalance in the US, a deepening recession in Europe, growing turmoil in the Middle East and fear of a slowing economy in China. Until year end, tax loss selling and profit taking will … [+] Read More

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Market Outlook – What’s the difference between a portfolio manager and a broker?

Market Outlook – What’s the difference between a portfolio manager and a broker? Many clients do not understand that investment advisors employed by the large bank-owned brokerage firms do not meet a fiduciary duty. This is because of the many conflicts of interest inherent in their business model. Advisors are legally required to call you … [+] Read More

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Quarterly Market Commentary – Third Quarter 2012

Quarterly Market Commentary – MARKETS ADVANCE WHILE ECONOMIES FALTER “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” — Laurence F. Peter In the third quarter of 2012, investors largely ignored a steady stream of data portraying contracting and slowing global economic output. By the end … [+] Read More