AM 1150 Kelowna - Radio Rallies & Reversals

First of all, Scotia Capital has expanded its coverage of the Oil & Gas sector by initiating coverage on 15 income oriented producers. They feel the sector appears attractively valued with an implied one year return of 26% for the companies in question. If you'd like a copy of the report, ask us at yourlifeyourplan.ca or call 250-868-5522.

Continuing my discussion from this morning, it is hoped that China's decisions to allow its currency to revalue, will give new life to the global economic recovery. According to Credit Suisse, China should be running a current account deficit of 3% of GDP, when in reality it is running a current account surplus of 5.5% of GDP; However, the sceptics would argue that the Chinese consumer is a relatively small part of their GDP and so a stronger Yuan will add little to global demand on the margin.

GB