I'm not certain that the current stock price (of Canadian energy issues) is reflecting a $60 price, i think there's still a lot of skepticism towards that price. Investors are very hesitant getting into the energy sector. Ian Nakamoto More Quotes by Ian Nakamoto More Quotes From Ian Nakamoto It sends a clear message to international investors that the Canadian economy is doing fine, obviously, the Bank of Canada would not be raising rates if it thought it would cause a downturn in house prices. Ian Nakamoto company-news The whole market is basically on a rise because of her (Fed Chair Janet Yellen's) comments about low (interest rates) for longer. Ian Nakamoto company-news It's a psychological boost, but at the end of the day you still need to have good earnings. Ian Nakamoto company-news We're still captive to the oil markets, it's hard to step up to the plate when every time you step up to the plate you strike out. Ian Nakamoto company-news We are still going to be dependent on energy prices. Ian Nakamoto company-news It's mainly driven by what's going on in the U.S. I mean U.S. retail sales were disappointing. Ian Nakamoto company-news The banks would like to have a steeper yield curve. Ian Nakamoto company-news There's a sense that the Fed won't increase rates tomorrow. We'll have to see if that's the case, if that's the mentality, then the U.S. dollar may come off a bit more and commodities may rally some more. I don't know how sustainable that is, but that seems to be what's going on currently. Ian Nakamoto company-news I don't see how it can be positive for commodities, it just shows that they are concerned about the health of their economy. Ian Nakamoto company-news It's tough to get excited about the commodities, with Canada having so many of them, given what's going on with China, Greece. Ian Nakamoto company-news It's tough to get excited about the commodities, with Canada having so many of them, given what's going on with China, Greece, commodities depend on robust world wide demand, and we don't have that right now...It's affecting things like Canadian banks, which I always view as a reflection of what's going on with the economy and the spill-over effects. Ian Nakamoto company-news Those seem to be the two things that are playing out here, we still have to wait another month or so before earnings. Ian Nakamoto company-news Those seem to be the two things that are playing out here, we still have to wait another month or so before earnings. I think that's why markets are focusing more on these macro factors. Ian Nakamoto company-news The big thing this week will be bank earnings. Not only what they report, but the tone of what they're saying. I think they're going to say the landscape is positive. Ian Nakamoto company-news The big thing this week will be bank earnings. Not only what they report, but the tone of what they're saying. I think they're going to say the landscape is positive, we have partly recovered here. One time, investors were concerned about the banks' exposure to energy, but I think that's passed. Ian Nakamoto company-news People are also concerned about debt levels of the consumer, concerned about housing, concerned about the general sluggishness of the Canadian economy. Ian Nakamoto company-news Everything's down today ... Europe's come back to center stage in terms of what's going to happen to Greece, people are also concerned about debt levels of the consumer, concerned about housing, concerned about the general sluggishness of the Canadian economy. Ian Nakamoto company-news Right now we're in the middle of earnings season, so I would think people are interested in seeing how the earnings are going to shape up. The bar is set pretty low. Ian Nakamoto company-news The energy sector is coming back in favor, there's a little less pessimism. Ian Nakamoto company-news The energy sector is coming back in favor, the gold group is coming back in favor, there's a little less pessimism towards those sectors. Ian Nakamoto company-news
