Global Economy

The Canadian corporate landscape is notorious for either hollowing out or for fearing to venture out of its comfort zone -- the country's own borders. Why the latter? After quite a number of failed ventures into China, Canadian businesses are convinced that risks in emerging markets far outweigh…

The good news in this reckoning is that attractive new investment opportunities are beginning to appear out of the blue. I've already come across four great stocks worthy of further investigation. Earnings season is always the best time to look for new stocks to consider. The market's recent…

Last fall, Canadian income trusts were hit over the head with Ottawa's huge, and for some, rather deadly tax bat. I wrote about this extensively, but the issue tends to pop up now and then, considering how important income trusts have become to Canadian investors. As many of…

Canadians living in the Province of Ontario have had a rather annoying situation to deal with recently, as they have had to experience a gasoline supply shock. The shortage was due to a fire that occurred at one of Imperial Oil's refineries last week, which caused a gas…

I know this doesn't sound terribly patriotic, but after the head gasket on our brand-new Oldsmobile Alero literally melted (because it was made of plastic???), we decided never again to own a North American car. Now we drive a Toyota Highlander Hybrid, and let me tell you, what…

Although Canada is in a deep freeze now, it's a fact that winter has been unseasonably warm until recently. As an illustration, the second day of the New Year, I went biking on Toronto's miles- long trails. The day was too warm to pass by. I also remember…

Income trusts in Canada are still fuming over Federal Finance Minister Jim Flaherty's decision to tax trust distributions. They are counteracting the Minister's so-called intervention at leveling the playing field by saying that income trusts are now labeled as pariahs when accessing money pools, which is ultimately likely…

Since 1932, some of the smartest Canadians would gather every summer at the Couchiching Conference to discuss progress: What drives it, what brings it, what creates it. Some of the early topics contemplated facets of the New World, peace, democracy, as well as Canada's place in that ever-changing…

For years, Canada was happy and content to stay in the box--as long as it meant being together with the U.S. Yet, after the recent G-8 summit, it became clear the box is no longer enough. The world is changing, rapidly, and if we don't catch on, the…

There are some stocks out there that worry me. If you check up on Intel, you'll find a stock that's been going down since January of 2004. Since the beginning of this year, the stock market has been particularly unkind to this stock, even though the technology sector…

I knew this would happen. On Monday, news surfaced that General Motors Corporation (NYSE/GM) and Ford Motor Company (NYSE/F) had both reported a decline in sales in September. Were you surprised? I sure was not. If you have been following my columns, you'll understand where I'm coming from.…

For the first time in four months, retail sales have risen in Japan. Much of this has been attributed to an increase in salaries and personal bonuses.  Year-over-year retail sales for the month of August were 1.5% higher than in July, well above the 0.6% that economists had…

I know Michael already discussed Federal Reserve Chairman Alan Greenspan's recent speech to the National Association for Business Economics, but there's more to the story that I want to tell today. New research, conducted under the supervision of America's favorite 79-year-old financial talking head, shows that Americans are…

Earlier this year, The World Health Assembly, The World Health Organization's (WHO) governing body, met to discuss contingency plans in the case of a flu pandemic sweeping the globe. China's recent troubles with the Avian Influenza, a subtype of what we know as "the Flu" have been putting…

It's no secret that more than a handful of North Americans look at the French as a haughty and uber-confident culture. The fact of the matter, however, is that, these days, such stereotypes couldn't be further from the truth. Last week, the confidence of France's manufacturers sunk to…

Returning home from a recent trip to London, I was in a duty- free store at Heathrow where I met a retail clerk. The young man was British and worked in a retail shoe store. He told me his wife also worked in the retail field. Anyhow, the…

As I write today's commentary, I find myself drawn to a picture of Abraham Lincoln that adorns a wall in my office. Lincoln was one of my favorite presidents, not because he was such a great president, but because of the obstacles he overcame to be elected. Lincoln…

Discover the bio-tech breakthroughs that will help make you wealthy from a very small investment... no matter what the stock market does! Dear Profit Confidential Reader: Each $250 invested in the mid-`90s in a medical breakthrough stock named Amgen (AMGN) is now worth a staggering $302,780. If you…