Excerpt from: Individual Equities CFDs and Spread Bets
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| April 03, 2007 | | Commodity producers and spread betting | Individual equities in Canada, especially commodity producers, are expected to do well on the stock market as demand increases. However, caution is warranted, and spread betting on Canadian stocks should be kept to the short term, as much of the current gains depend on world events. Bloomberg reports on Canadian individual equities:
Raw-materials producers including Teck Cominco Ltd. may
advance. Gains in the market may be limited as some energy
companies, such as Petro-Canada, may fall along with oil amid
signs diplomatic tensions between Iran and the U.K. may abate.
``Worldwide economic expansion is continuing. That's good
for commodities and the Canadian market,'' said Doug Davis, who
helps manage about $380 million as president of Davis-Rea Ltd.
Investment in Toronto. ``If Iran ends with a diplomatic solution
then there'll be a short-term drop in oil and the oil stocks.
Overall the outlook for oil is pretty good.'' | | |
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