As Canada risks stagflation, insiders stick with the basics

by Ted Dixon, CEO INK Research

August 4, 2015 - On Sunday, Prime Minister Stephen Harper decided to get an early start on his campaign, making an expensive early election call which will cost taxpayers up to an extra half billion dollars according to the Canadian Taxpayers Federation. Although we doubt that the extra costs have been factored into the incumbent government's razor-thin balanced budget projections, it may end up as a rounding error in any event. We say that in light of the fact that crude oil is now trading near US$45 per barrel, well below the current budget survey assumptions of US$54 for 2015 (projections get even more optimistic in subsequent years). Given that the mining, oil and gas area represents more than 25% of Canada's goods producing industry GDP, the summer retrenchment in crude is shaping up to be a material hit to Ottawa's balanced budget scenario.

Canadian Smart Money is Buying

Stocks with smart money
Buying: 77 (+2)
Selling: 18 (0)
on the TSX, July 31
On Friday, there were 77 stocks on the Toronto Stock Exchange with identified insider and significant shareholder buying and 18 with selling. West Fraser Timber Co. (WFT) saw the most dollar buying while Toromont Industries (TIH) saw the most selling.

Top Buys and Sells Past Week

TSX and TSXV stocks with most insider sellings in the past 7 days
TSX Stocks with Net Buying Net Insider Buy Vol.(000's) Latest Quote
1. Canadian National Railway (T:CNR) 1,283,788
2. AuRico Metals (T:AMI) 279,500
3. Eastern Platinum (T:ELR) 193,800
4. First Point Minerals (T:FPX) 100,000
5. Canfor Pulp Products (T:CFX) 76,400
TSX Stocks with Net Selling Net Insider Sell Vol.(000's) Latest Quote
1. DHX Media (T:DHX) -399,700
2. Alterra Power (T:AXY) -60,000
3. Exco Technologies (T:XTC) -50,000
4. Thomson Reuters (T:TRI) -35,000
5. Loblaw Companies (T:L) -10,000
TSX Venture Stocks with Net Buying Net Insider Buy Vol.(000's) Latest Quote
1. Madalena Energy (V:MVN) 873,600
2. Tribute Pharmaceuticals (V:TRX) 436,500
3. Orex Exploration (V:OX) 316,000
4. Arctic Star Exploration (V:ADD) 300,000
5. High North Resources (V:HN) 242,000
TSX Venture Stocks with Net Selling Net Insider Sell Vol.(000's) Latest Quote
1. Augusta Industries (V:AAO) -2,762,000
2. Slam Exploration (V:SXL) -1,460,000
3. Jaxon Minerals (V:JAX) -443,000
4. 01 Communique Laboratory (V:ONE) -250,000
5. Burnstone Ventures (V:BVE) -126,000

Recent Filings Activity

Issuers with new insider (SEDI) filings for the previous business day
Issuers with filings on Jul 31, 2015Price
$0.43
TSXV
Aug 4 Close
$0.03
TSXV
Aug 4 Close
$10.01
TSX
Aug 4 Close
$5.05
TSX
Aug 4 Close
$2.10
TSX
Aug 4 Close

*Real-time data source:

Watchlist

Your stocks with recent insider activities

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Winner's Circle

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A look at stock with positive momentum & insider buying
CRH Medical Corporation (CRH)
Subindustry: Consumer products -- Biotechnology/pharmaceuticals
On December 9, 2014, we highlighted strong net insider buying at CRH Medical (CRH) in our Morning INK Report. The stock has moved up 108.89% since the report date, and insiders have been net buyers of 329,889 shares. Visit the company page to see who has been active.
Source: INK Research

INK Edge Highlights

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A sample from INK Research's INK Edge list
Valeant Pharmaceuticals (VRX) has notable insider buying
Robert Rosiello, CFO, acquired 7,875 Common Shares...
Last updated: Tuesday, August 04, 2:18 am