The Economist has a fascinating article about the long-term price patterns of commodities, based on a new paper by David Jacks, an economist at Simon Fraser University, which assembles figures on inflation-adjusted prices for 30 commodities over 160 years. Amongst other things, Jacks’ study has shown that long-run rises have been most pronounced for commodities that are “in the ground”, like minerals and natural gas, while prices for resources that can be grown have trended downwards.
It was announced by Prime Minister Harper this week that Canadian resource companies working in foreign jurisdictions will be facing new regulations regarding payout disclosures. CBC.ca reports: “Canada is adopting a G8 initiative that would require companies to disclose any payments they make to foreign governments, Prime Minister Stephen Harper announced Wednesday in London at a meeting with oil, gas and mining executives.” (with video)
Is the retail investor back? According to Bloomberg, positive signs are emerging that mom and pop may be getting back into the markets. Two of their reporters “delved into how shares of discount brokers have risen the most since 2003, compared with the Standard & Poor’s 500-stock index, a sign that the retail investor is participating in the equity bull market and will devote more cash to keep it running.”
Pump & Dump
Investors need to be on the lookout for scams. Investment Executive reported that the “U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a warning Wednesday indicating that the latest McAfee Threats Report signals a steep rise in spam email linked to pump-and-dump stock schemes designed to trick unsuspecting investors.”
Here’s a novel – if expensive! – way to teach high schoolers about investing. CNN Money reports that “Thousands of high schools across the country participate in stock market simulation games every year, but one small private school in Dallas has taken it up a notch. Greenhill School gave its Business Club $100,000 in real money to invest.” (with video)
The Toronto Star reports: “TMX Group Ltd., the owner of the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal Exchange and other securities markets, said Wednesday it will move into a new 40-storey tower that’s being built by Oxford Properties Group.” TMX Group, it should be noted, is also parent company to TMX Equicom. There’s no word yet on whether TMX Equicom will be joining the parent company in its new digs (we’re currently at 20 Toronto St). As reported by UrbanToronto.ca, the new Oxford tower, to be erected at 100 Adelaide St West, looks like it is going to be pretty spectacular, incorporating the façade of the existing 16-storey Concourse Building, which itself was completed in 1928 and includes mosaic works by Group of Seven artist J.E.H. MacDonald.
Author: Shaun Smith
Manager, Media Relations. At TMX Equicom, our Media Relations group keeps its finger on the pulse of the financial media in Canada and around the world. Our clients benefit from our strong relationships with independent major national and local media outlets, as well as with numerous sector trade publications. Lets us help your company tell its story to the media, to drive greater awareness of its capital markets brand with investors. Contact us now to learn what our Media Relations group can do for you.