Bank results have been in line with expectations. But the talk is more the rebound in the oil prices and the pick up in the resource stocks as the quarterly earnings come out.
More Quotes from John Ing:
We will probably get a better opening to the market. The resource stocks and gold stocks are better today.John Ing
Bank stocks are acting better, and, of course, mother Bell (BCE Inc.), and then you combine that with the oils, which were a little bit better on Friday, and you have some pretty good participation in the market.
John Ing
The resources took a breather for a variety of reasons.
John Ing
They have an aggressive management, they have a great balance sheet, they have an array of assets that are leveraged to the gold price.
John Ing
It sure was a light trading day. London was closed and it's the last week of August, which tends to historically be a light trading period.
John Ing
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