India’s efforts to attract foreign investors just got a boost with the opening of its third stock exchange. The new bourse, MCX-SX, boasts a superior technology and rules that allow companies faster access to markets and more liquid shares, reports FT.com. However, its claims of being more representative of Indian companies have met with cynicism […]
Having underperformed and failed in their role as an effective hedge against inflation, commodities have been suffering enormous funds retractions from investors. Last year, commodities hedge funds had the worst performance in a decade and lost 20% of their assets after investors withdrew large sums, reports FT.com. The negative investor sentiment for the asset class […]
Canadian auto sales climbed 6% last year, and will edge up further in 2013, advancing to 1.69 million units, the second-highest level on record, says the Scotiabank Global Auto Report. While the resource-rich provinces of Alberta, Saskatchewan, Newfoundland and Labrador will continue to lead gains, volumes in the rest of Canada will remain 6% below […]
Canada’s resource-rich provinces should consider hedging against commodity risks, even if it means giving up part of the revenue windfall when prices are high, reports CIBC World Markets Inc. “Resources are called cyclicals for a reason, and provincial finance ministers are now acutely aware that a bountiful surplus can turn into a gaping deficit in […]
The Scotiabank Commodity Price Index declined by 4.6% month-over-month in December.
Institutional investors are moving beyond traditional investments.
Stocks will perform below their historical averages, but still around 4% over the next two-to-five years.
The next twelve months will bring forth some intriguing food trends.
In 2013, commodity prices will receive a lift from raw material re-stocking, after liquidation or deferred orders in 2012, says Scotiabank. This is already the case in China, where a pick-up in orders from steel producers, after a sharp inventory correction last summer, has boosted spot iron ore and coking coal prices. Lumber and OSB […]
The ongoing flurry of M&A activity in the energy sector has provided a much-need boost to depressed energy stocks.