Well, the Bank of Canada saw fit to cut the benchmark rate by half of a point to 3%. reason, fallout from the U.S. credit crunch plus, a suspected reduction in Canada's exports.
Oil still near record highs kept the Canadian Markets somewhat buoyant.
So tomorrow and next week, use Caution if making stock purchases or simply watch from the sidelines. with so much uncertainty swirling around, having CASH on hand on hand might just be the place to be unless you get some Market signal.
Me, if I was buying anything next week, it would be POT-T.
Potash has sales up by 37% this year which are related to fertilizers and industrial feed products.
Pricey at $210.00 per share but, The Trend is YOUR friend when playing Stock Markets.