Canadian Insider

The Canadian insider blog discusses news and insight found among insider and significant shareholder filings in Canada.
 
Ted Dixon is co-founder and CEO of INK Research. He is the creator of the INK Canadian Insider Index, and is the editor of the daily Morning INK and weekly Market INK reports. He is a regular contributor to the Globe and Mail's Globe Investor pages and has also worked as a part-time lecturer in corporate finance at the British Columbia Institute of Technology. Before starting INK, he worked at the Connor, Clark & Lunn Financial Group where his responsibilities included portfolio strategy and product development. He has also been an analyst at the Fraser Institute and a treasury specialist at the TD Bank. He holds an MBA in Financial Management from the University of Chicago, and a Bachelor of Commerce from UBC.

When central planning options shrink

INK Staff
Thu, 03/28/2024 21:57

From the March INK Top 20 Mining & Crypto Report - Gold continues to advance even as the Federal Reserve drags its feet on cutting rates. Even copper has managed to make progress, poking above US$4.00/lb. The defiance of these two major metals even as US interest rates remain high has led to some spectacular moves among some junior mining names.

Awale Resources (ARIC) debuts in the Top 20 at #17

This raises the question of how gold and copper and some juniors can be doing so well even as we hear remarkable bravado from Fed officials that interest rates are likely to stay higher for longer.

INK Top Mining & Crypto-equities Report: Institutions cannot see it yet

INK Staff
Mon, 03/04/2024 11:09

From the February, 2024 INK Top 20 Mining & Crypto-equities Report - Next week, the hard rock mining industry will gather in Toronto for the annual Prospectors and Developers Association of Canada convention. We expect there may be a sense of frustration that many mining shares have not followed the gold price to new highs. Looking at the market-cap weighted mining benchmarks and ETFs, that does appear to be the case.

The February INK Top 20 Mining & Crypto-equities Report

However, if one looks in a different direction, there is a more optimistic picture.

The US dollar merry-go-round

INK Staff
Sun, 02/04/2024 18:21

From the January 30, 2024 INK Top 20 Mining & Crypto Equities Report - The US dollar has enjoyed a rally of sorts over the past month, primarily on the back of a reassessment of the number of interest rate cuts the Federal Reserve is expected to deliver. Last fall, traders were betting on up to six rate cuts this year, but that has been revised to three because of stickier inflation, or so the story goes.

Ride image by Rusty Watson

In our view, there are circumstances at work that will impact Fed policy that extend well beyond the central bank's stated mandate of targeting 2% inflation or full employment. While the central bank will have to strive for those two mandates over the medium term, there are two new immediate objectives the Fed must achieve.

Resource stocks gain traction as geopolitics dominate markets

INK Staff
Mon, 01/15/2024 13:24

So far, Canadian stocks are helping investors navigate the risky waters of 2024. The INK Canadian Insider Index advanced 0.9% last week, leaving it up 1.4% in the new year. The gains took place despite a rough start for big Basic Materials stocks with the S&P/TSX Capped Materials Index down 2.0% for the year. In a notable divergence, the S&P/TSX Venture Index, which is a proxy for junior mining, has advanced 0.6% year-to-date.

The INK Canadian Insider Index is leading in early 2024 (click for larger)

 

Retail investors appear more optimistic than institutions about the prospects for mining and other materials names.

INK Top 100 issuers with December buybacks

INK Staff
Fri, 01/12/2024 13:50

We have published the INK top 100 issuers with buybacks in December. The list can be retrieved in worksheet format in INK Chat and will be incorporated into the January 13th workbook to be compiled on Saturday.

As a reminder, every Saturday we post the top 30 INK Edge up and down movers for the week and plus the outlook rankings of all stocks in our Canadian universe in the INK Chat workspace #stock_ideas channel. In that report, every Saturday after the 10th of the month we also include the 100 issuers with the most buybacks for the previous month as estimated by INK. Issuers have until the 10th day of the subsequent month to file their repurchases. A full list of our US rankings is included on the last Saturday of the month. 

Canadian Insider Club members who have signed up to receive our newsletters, please check your inbox for a copy of the December top buybacks list. If you are not a Club member, check out the benefits and join us today for access.

INK Canadian Insider Index Soars 6.8% as Commodities Melt-up

Nicholas Winton
Mon, 11/09/2020 11:18

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index turned on the jets and powered 71.56 points higher or 6.8% to close at 1122.36.

A six-month high Friday (click for larger)

Our short-term momentum indicator, RSI, erupted over 50% to 61.61. MACD our long-term momentum indicator shot up 14.82 points to 4.89. And the sharp fall in readings we noted indeed gave way to a major reversal last week.

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