Tuesday Morning Radio Spot

North American stocks opened relatively flat this morning, with financials cancelling out gains by U.S. retailers. A better-than-expected reading on U.S. retail sales in August helped drive consumer stocks higher. However, financials are slipping -- a day after the Basel III agreement on new international banking rules helped lift most of the names in the sector. In Canada, gold stocks moved higher and helped drive the TSX into positive territory after the price of gold surged above $1260 (U.S.) an ounce, up $13.50.

In terms of seasonal trades, agriculture moooves for the last 5 months of the year starting in August. This is the result of the major summer growing season in the northern hemisphere producing cash for farmers and increasing sales of farm supplies. Given poor crops in other parts of the world, this might be a good bet this year. For great agriculture stocks with growth potential call me at 868-5525 or visit yourlifeyourplan.ca.