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The Canadian insider blog discusses news and insight found among insider and significant shareholder filings in Canada.
 
Ted Dixon is co-founder and CEO of INK Research. He is the creator of the INK Canadian Insider Index, and is the editor of the daily Morning INK and weekly Market INK reports. He is a regular contributor to the Globe and Mail's Globe Investor pages and has also worked as a part-time lecturer in corporate finance at the British Columbia Institute of Technology. Before starting INK, he worked at the Connor, Clark & Lunn Financial Group where his responsibilities included portfolio strategy and product development. He has also been an analyst at the Fraser Institute and a treasury specialist at the TD Bank. He is a Chartered Financial Analyst and member of CFA Vancouver. He holds an MBA in Financial Management from the University of Chicago, and a Bachelor of Commerce from UBC. Listen to his weekly economic commentary on Vancouver's Roundhouse Radio FM 98.3.
 
Victor Wong is a business and client development associate at Canadian Insider and an avid market watcher.
 
Nicholas Winton contributes technical commentaries on the INK Canadian Insider Index. Nicholas also writes the High on the Hog blog.

 

 

Are shorts bets set to send Barrick soaring?

We have been digging through the latest IIROC bi-weekly short report looking for nuggets of opportunity. By assessing the combination of short positioning and insider commitment in stocks, we are typically able to spot some bullish or bearish signals.

Click for larger

In the latest IIROC report which covers the period between February 16th to 28th, Barrick Gold (Mostly Sunny; ABX) caught our attention.

Shorts go shopping at book and clothing retailers

According to the latest IIROC short report for the period ending February 28th, shorts appear to be pressing against insiders at Indigo Books & Music (IDG). The bookseller had a negligible short position in mid-February, but that soared to 3.1% of the stock's float by month end. Short sellers may be betting that the stock is vulnerable to seasonal factors with the busy Christmas shopping season now in the rearview mirror.

Insights: Among the miners, gold stocks shine the brightest

We have published the latest edition of Canadian Insider Insights. This week, we draw on our Market INK report commentary to explain why we see gold shining the brightest among mining stocks.

Gold insiders are behaving like a bull market is on

Click here to read the issue for the week of March 4th (registration is not required).

 

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Trudeau cabinet minister Jane Philpott resigns, read her statement why

Monday, the Honourable Jane Philpott MD, the President of the Treasury Board and Minister of Digital Government, resigned from the Trudeau government over the handling of the SNC Lavalin affair. Read her full statement below.

PDAC sadness: Is there a timing curse on mining stocks?

In his March 1st interview with Jim Goddard, Bob Hoye from ChartsandMarkets.com tackles the question whether there is a PDAC curse on the share prices of mining stocks. The idea being that mining stocks often run up and peak going into the large convention of mining prospectors, promoters and investors that traditionally takes place in the first week of March in Toronto every year.  This year it starts Sunday March 3rd and wraps up on Wednesday Mach 6th.

Historically Barrick Gold peaks right before PDAC. Do juniors follow the same path?

Watch or download Jody Wilson-Raybould's explosive SNC Lavalin affair testimony

Listen to former Attorney General of Canada Jody Wilson-Raybould detail attempts by Justin Trudeau and others to get her to secure a deferred prosecution agreement with SNC Lavalin (SNC). Watch the explosive testimony below.

Watch Canada's former Attorney General drop bombshell-after-bombshell

 

You can also download an audio MP3 version below.

Three strikes and Justin Trudeau is out

Updated (March 2nd) - In my latest Howe Street interview with Jim Goddard, I make the case Justin Trudeau and his cabinet can no longer effectively govern. The obstacles facing the Trudeau regime go beyond the question of whether a law may have been broken by him or his government in trying to get the Attorney General of Canada at the time, Jody Wilson-Raybould, to change her mind on prosecuting SNC-Lavalin (SNC). Leaving that issue aside for the lawyers, the reality of the situation boils down to:

  1. Favouring the well-connected and powerful
  2. Putting national unity at risk
  3. A lack of trustworthiness

The first surprise we learned from Ms. Wilson-Raybould in her February 27th testimony (click to watch, listen or download)  was how Bill Morneau's office was involved. As it turns out, according to her testimony, his office was one of the first to intervene to try and get her to change her mind. According to testimony, his office continued with interventions despite being asked to stop. So, here we have Canada's Finance Minister who appeared allegedly to be willing to have his office push the boundaries of the law to help a large Canadian corporation facing corruption charges.

Upbeat Canadian insiders

Starting in the second segment of his latest interview with Jim Goddard, INK CEO Ted Dixon gives an overview of the outlook for Canadian stocks drawing on the most recent Insights weekly newsletter. Broadly speaking, insiders remain upbeat about their prospects going forward, particularly in the oil patch where stocks have undergone a correction to reflect commodity pricing troubles.

He does, however, highlight a warning sign.

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