Friday Noon Radio Spot

Stocks in Canada were marginally higher after Chinese Imports for August rose 35.2 percent ahead of economist expectations of a 27.5% gain. Due to a lack of U.S. economic data today, markets are making anemic gains. The S&P/TSX composite has increased approximately 36 points or 1/3% with six of ten sectors on the rise led by Materials, Energy and Consumer Discretionaries. Health Care and Information Technology sectors are the biggest laggards. In terms of breadth, 123 stocks are advancing, 96 are declining, and 9 are unchanged.

Gold stocks rallied today after the International Monetary Fund announced that the Bangledesh Central Bank bought 10 tons of gold. Seasonally, gold tends to shine in September partly because buying increases prior to the start of the fall festival and wedding season in India and secondly, the stock markets have historically underperformed in September. For some ideas on gold stocks with good return potential call me at 868-5525 or visit yourlifeyourplan.ca.