The average of the big bank projections was for the S&P 500 to gain 1.9 per cent, but as of late November the S&P 500 was up 25.5 per cent.

Analysts’ target prices again miss the mark

Investing for Fun and Profit: I plan to continue to ignore those target prices when making decisions

Approximately a year ago a column titled “The value of target prices” studied analyst price targets on every TSX index stock with how the stock actually performed over the next year. Analyst target prices had been conveniently amalgamated in a Globe and Mail article. While I had never used target prices to make purchase or […] Read more



Canadian Financial Close: Loonie eases back

BoC, Fed set to make rate announcements tomorrow

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dipped on Tuesday due to pressure from a stronger United States dollar. However, increases in crude oil and positioning ahead of two interest rate announcements tempered the losses. The loonie closed on Tuesday at US$0.6947 or US$1=C$1.4394, compared to Monday’s finish of US$0.6954 […] Read more

North American Grain/Oilseed Review: Canola, corn, wheat rise

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market recovered on Tuesday from yesterday’s losses, albeit with mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was mixed. Crude oil prices were mixed as well due to protests at two Libyan ports and weak Chinese economic data. […] Read more






ICE Midday: Canola turns around on Tuesday

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was in recovery mode after Monday’s losses, albeit with a mixed sentiment in comparable oils. Malaysian palm oil was higher, while Chicago soyoil was lower and European rapeseed was mixed. Protests at two Libyan ports and weak Chinese economic data have left crude oil prices […] Read more


ICE canola narrowly mixed in early trade

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was trading to both sides of unchanged early Tuesday, consolidating after dropping on Monday. Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil firmer. Many Asian markets will be closed for the Lunar New […] Read more

Global Markets: Foreign interference report to be released

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The Canadian government’s inquiry into foreign interference in the country’s elections will be released by Commissioner Marie-Josee Hogue later today. An initial report released in May stated that while foreign meddling did not determine the governing […] Read more