Jordan Wealth Management Group - ScotiaMcLeod Truro

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Ted's Comments

A Challenging Start to 2010

The terrible earthquake that shook Haiti has caused enormous loss of life, as well as an expensive and long-term rebuilding plan for that country. Scotiabank has 85 employees in Haiti and we are thankful they are all safe and accounted for. This is a very difficult time for them and their families. Our thoughts are with the people of Haiti who have been affected by this catastrophic event. Canada should hold its head high, claiming the highest per capita donations to aid in the relief effort. I am proud to point out that on a local level, my Rotary club has been able to affect the provision of at least 20 shelterboxes to Haitian families. For more information, log on to www.shelterbox.ca

2009 in review and 2010 outlook

December 31, 2009

The decade of 2000-2009 is one I am happy to see gone as an investor – our Canadian stock market is closing out the year at about the same level it was in August 2000!

In the more immediate past, 2009 was one of those years that reminded us what a roller coaster the stock market can be – and also of the dangers of conventional thinking.

Ted's Commentary - December 7, 2009

With every positive economic indicator that is found (in last week’s case it was Canada creating 79,000 jobs in November), the market increasingly shows an anticipation of interest rate increases. There are some that expect the bank of Canada to raise rates as soon as tomorrow; however I am not in that camp. I do think, however that we will see rising rates across the spectrum of maturities sooner than we think – in some ways, you had better hope so, otherwise the economy truly will have turned negative once again.

Well, this can't be good!