1. Look who is bullish now! James Grant, a self-confessed “not famously a glass half-full kind of fellow”, writes in the Wall Street Journal that the recovery from the Great Recession will be something of a barn burner.
  2. The Globe and Mail’s Rob Carrick reports that TD Bank joins other major banks in boosting interest rate on its secured lines of credit. It seems to me that Royal Bank is the lone holdout — my line of credit is still at Prime.
  3. In a recent talk organized by PWL Capital, The Drunkard’s Walk author Leonard Mlodinow noted that stock market returns are random or close to it. He reiterates the point in an interview with Jon Chevreau.
  4. PWL Capital’s Cameron Passmore talks about fixed income investing in this radio interview.
  5. The Dividend Guy featured a guest post on the key concept in The Intelligent Investor: margin of safety.
  6. With so many extra-curricular activities available, Million Dollar Journey wonders where to draw the line.
  7. I agree with Four Pillars that Speakout Wireless is the best pre-paid deal around. We have two pre-paid phones and the long expiry periods are perfect for light users.
  8. Michael James reports that phone customers can expect a rebate of between $5 and $20 due to a recent Supreme Court decision.
  9. Vanguard ETFs are set up as a special share class of its mutual funds. Preet Banerjee posted a response on why the Vanguard structure has cost, tax and tracking efficiency. Larry MacDonald also noted Vanguard’s response that the adverse tax consequence of the VIPER structure is “hypothetical”.
  10. The Financial Blogger posted a list of top 20 Canadian dividend stocks.

That’s it for this week. Have a great weekend everyone!

This article has 13 comments

  1. I hope Grant is right about the impending impressive recovery, but I don’t think I’ll try any leverage right now.

  2. I’m not a bull yet – we need to see more fundamental improvements. This is still a sentiment and cost-cutting wave we’re riding, with a few good expectations. But I also don’t think we’ll be retesting the March lows. Still looking forward to div increases at the banks!

  3. Not sure if my comment went through – maybe that’s why we’re seeing a repeat here?

  4. Hey! thx for the mention and have a great weekend!

  5. Thanks for the link. I have my mortgage at FirstLine and the HELOC is still at prime.

  6. Thanks for the mention CC. Do you have a plan for extra curriculars for your kids yet?

  7. Thanks for the mention CC, have a great weekend!

  8. Canadian Capitalist

    @MoneyEnergy: The comments are recorded but they don’t show up immediately. I’ll investigate why that is. Thanks for letting me know.

  9. Canadian Capitalist

    @Michael: I wish I knew if Jim Grant moving to the bull’s column is part of the process of the wall of worry coming down or marks the peak of this bounce. And no, I’m not leveraging or loading up on stocks tactically either.

    @MoneyEnergy: I found the problem. It was with WP-cache. It’s disabled now and you should see the comments immediately.

    @MDJ: I’ll enroll my kids in swimming and maybe one other activity. I don’t want to overload them — I feel they should have the time to run around and just be kids.

  10. @MDJ. I strongly believe that making yourself or your kids much more well-rounded people is very important in life! Let’s use an example – would you rather strike a conversation with an IT geek who is brilliant in his own field and lives his entire life online in code and has nothing to say to anybody offline… Or would you rather have a conversation with a well-traveled person with a diverse set of experiences and skills to demonstrate?

    I guess it is pretty obvious that to me, life is all about learning new skills, experiencing new things, thinking about new concepts, meeting new people…. In my ideal life, the only thing constant is change.

  11. Got nailed with TDs hike on HELOCs. Looking for advice regarding the best way to refiance a respectable sum that I plan to pay off during years 2 thru 3.

    TD is offering me 2.5% fixed for one year and 2.6 for two. Can I do any better?? Atm they are unwilling to negotiate beyond the initial offer even though I do a ton of business with them (This is my 4th mortgage with them in the last 8 years).

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