Canadian Capitalist

1. Statistics Canada released its April job report yesterday, which showed the Canadian economy generating 29,000 new jobs, mostly in full-time jobs. The unemployment rate in Canada is near 30-year lows.
2. The Globe and Mail newspaper had a recent story on executive compensation in Canada. Topping the list is Power Financial’s Robert Gratton who cleared a cool $173 million.
3. Bank of Canada Governor David Dodge commented on the economy in Ottawa yesterday. He stated that the Canadian economy is adapting well to changes in the global economy and the strong dollar.
4. I am seriously considering buying GM retail bonds, which currently yield about 10% for my portfolio. There were two recent Forbes magazine columns on this subject, available here and here.
5. Donald Luskin writes in SmartMoney magazine that the stock markets are due for a powerful rally. He also argues that treasury bonds are overvalued.

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