Trading Rule

Trading Rules #1 Never purchase more than two units in the same trade #2 Wait at least 3 days between trades #3 Never add to losing trades #4 Wait at least one hour after the market opens before trading CDN Trader

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The Troubled Future of Real Estate

Here we go again September 17th, 2008 — Book Updates While I said recently I would not get political (much) on this blog, I will now change that for a few paras. The prime minister is totally wrong to start priming the real estate pump, like he

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Fed Leaves Rates Alone

The Fed’s action to keep rates at 2% was a disappointment to investors, who were hoping that recent turmoil in financial markets would prompt the central bank to resume cutting interest rates. In its statement, the Fed said “strains in financial markets have increased significantly and labor

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Ugly Days in the Markets

Unlike last week’s market dive in Toronto, yesterday’s mayhem was worldwide: the S&P 500 closed down 4.7%, the TSX Composite was off 4.1%, other developed markets (using VEA as a proxy) were down 4.35% and emerging markets (using VWO as a proxy) were down 7%. The few

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Home sales down 19.3%

Home sales down 19.3% in AugustSales of previously owned Canadian homes fell 3.4 percent in August from July as new listings slowed and house prices slid in some western markets, the Canadian Real Estate Association said on Thursday. Existing home sales in major markets fell 3.4 percent

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U.S. Interest Rate Cut

CBC reports that the U.S. Federal Reserve may cut interest rates by 1/4% tomorrow in light of the fear gripping North America’s financial markets. So far, we haven’t seen much new speculation on the Bank of Canada cutting its key lending rate. Bloomberg, however, says a rate

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