That is a factor that has helped sentiment today. Canada is a prime target for many overseas buyers because we are so strong in energy and commodities, and the valuations are definitely lower than the U.S.
More Quotes from Elvis Picardo:
It's a sweet-spot theory. We have economic growth that's very robust, but at the same time it's not strong enough to raise concerns about inflation.Elvis Picardo
Clearly, the markets are still looking for direction. I think the next bit of good news will be from the Fed, and if there is any hint of lower interest rates that should be really bullish.
Elvis Picardo
People are still paying a lot of attention to the data. I would not say investors are being bearish. But they are taking profits when they can.
Elvis Picardo
Overall, fourth-quarter earnings growth will be weak because the economy has slowed much faster than people had expected.
Elvis Picardo
I think the view certainly had been that we were possibly looking at a Conservative majority, so ... we might see some modest profit-taking on the Toronto Stock Exchange.
Elvis Picardo
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