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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.

 

 

Investors may be too pessimistic about growth

In my Thursday Howe Street interview with Jim Goddard, I recap our latest US and Canadian market comments. For regular readers of those reports, the interview covered familiar territory. We also dug into the question of the marijuana legalization roll-out which covered a bit of new ground (click here to listen to the interview).

US debt ceiling problem plus new exploration boosting Wesdome Gold Mines

In his latest Discovery Watch interview, John Kaiser from Kaiser Research Online believes the share price of INK Canadian Insider Index member Wesdome Gold Mines (Mostly Sunny; WDO) is getting a lift from exploration at its Kiena Mine Complex near Val d'Or Quebec and gold's strength.

Wesdome Gold Mines shares benefiting from discovery news and production

The elephants driving US bond yields

In today's INK Research US market comments, we noted that insiders in the American insurance industry were an upbeat bunch, in stark contrast to the Utilities sector insiders who remained on the canvass following the December drop in the Utilities SPDR ETF  (XLU). As we wrote, it is probably a reasonable assumption to make that at least part of insider behaviour towards those two groups incorporates expectations of higher bond yields. In Canada, we see a different picture.

The Fed may not be the only elephant in the US bond market room

IMV provides another update this morning on its DPX-Survivac program

After publication of the INK Morning Report this morning, IMV (IMV) released an update on its DPX-Survivac Program following a routine meeting with the FDA.

In the release the company reports:

the FDA acknowledged the potential for accelerated approvals in advanced ovarian cancer based on objective response rate (ORR) according to RECIST 1.1 criteria with reported median duration of response (DOR). In addition, the FDA provided important guidance on clinical design considerations for different lines of therapy and platinum-sensitive and -resistant patient populations.

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Will pharma stocks keep flying?

In today's market report Restarting the late-cycle rally? (Canadian Insider Club members link), we reported that our Pharmaceuticals Indicator, a group which includes many cannabis-related stocks, had put in a bullish formation. The chart below provides some colour on that comment.

The INK Pharma Indicator has put in a bullish peak this month

Gold is behaving well as the Fed looks set to follow market rates lower

In his latest Howe Street broadcast, Bob Hoye from ChartsandMarkets.com likes the way gold has been acting since its washout. Meanwhile, he believes the Fed will likely follow market rates by eventually cutting administered rates.

Click to listen

Investors fret over southeast setback at Westhaven Ventures

In his latest Discovery Watch interview, John Kaiser who runs Kaiser Research Online sees some encouraging signs from recent developments the Nevada Exploration (NGE) South Grass Valley Project. Meanwhile, hopes of a clear path towards finding a large world-class resource at the Westhaven Ventures (WHN) Shovelnose project suffered a setback this week, even as the main story of a high-grade discovery remains intact.

Rai Sahi winning the short game

In the mid-January short report released by IIROC Monday, it caught our eye how little attention the shorts give to Rai Sahi's TWC Enterprises (Sunny; TWC). A minuscule 0.016% of the gold course operator's share float is shorted. Meanwhile, insider commitment is strong with insiders holding over 70% of the shares outstanding. The bulk of those insider shares are held by Mr. Sahi, who is also the CEO.

Energy will be key for Canadian investors and politicians in 2019

In his latest Howe Street interview with Jim Goddard, INK Research CEO Ted Dixon sees the Energy sector as being key to the fortunes of both Canadian investors and politicians in 2019. Based on INK's indicators he also sees a period of consolidation ahead for Canadian stocks. Meanwhile, in the United States investors seem inclined to favour high-priced growth stocks again. We are seeing some of that in Canada too, as cannabis stocks enjoy renewed investor interest despite the risks.

INK Energy Report: Turnaround time in the Canadian oil patch?

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