Cnq and suncor have shown very good gains from their bottom, the juniors are always a bit slow.
Commodities are still hurting the canadian market.
Everything's settled down at least for one day, today, I guess, we're going two steps forward.
I think people are still worried about the energy loans that the banks have on their books.
It's a bad start to the week. The minerals again are one of the culprits. Oil isn't helping ... Everything's just soft.
It's just leaking a little bit here today.
Oil is down over a dollar and that has put all the stocks down.
Oil is up over a dollar and gold is up around $7 so that's helping our commodities.
People don't want stocks these days and they're taking every opportunity to sell them.
People need income and they want safety too, it's a good place to put money with all the noise that's going on in the world.
Some people may think enough is enough and try to put in a bottom here.
The market wants to go down and this commodity thing is really hurting.
The mining area is the one showing a little bit of get up and go today.
They've been beaten up, so this is maybe just a little bit of a catch up before year-end.
This market is climbing a wall of worry, there's so much political noise and then there's a lot of economic noise.
Unless they're sure that the economy is going to be all right, I think they'll just stay the course until the fall.
We are starting to see where the loan losses on the oil patch fit in.
We look on them as a safe haven and an income producer.
