Market Insights

Lack of liquidity is treacherous

Catastrophe in capital markets is always characterized by a lack of liquidity. No exceptions. Significant imbalances between buyers and sellers (widened bid-ask spreads) can create market gaps. Occasionally this happens to the upside but predominately it occurs on the downside. Take as examples what happened in October 1987, September 2001, and the fourth quarter of […]

By Mark Yamada |November 1, 2009

3 min read

Macquarie looks to shake up broker world

If Macquarie’s able to achieve what it has set out to do with the recently purchased Blackmont Capital – effectively create a boutique broker/advisor shop with an international deal flow – it could drastically alter the way brokers do business in Canada. The transactional nature of broker businesses have generally ridden out the storm much […]

By Mark Noble |November 1, 2009

5 min read

A.M. market numbers: October 30, 2009

Asian stock markets snapped three days of losses Friday after the U.S. economy broke out of a yearlong slump, spurring hopes of improved demand for the region’s exports. European shares were mixed. Major benchmarks from Tokyo to Sydney gained 1.5 per cent while a few markets failed to hold their gains and ended slightly down. […]

By Staff |October 30, 2009

3 min read

P.M. market numbers: October 30, 2009

The Toronto stock market tumbled as the Canadian economy shrank in August while a drop in U.S. consumer spending raised worries about economic growth being excessively driven by government stimulus measures. The S&P/TSX composite index fell 164.47 points or 1.49% to 10,910.75 as gross domestic product shrank 0.1% against an expected 0.1% rise. The loonie […]

By Staff |October 30, 2009

2 min read