Ho hum, guess we all took a break between March and April but the Economic Activityindicators from Stats Canada caught us, and now we know we didn’t do anything more in that time!
Wholesale trade and slower oil and gas sales are the culprits, but still interesting to see that things are not as hot as they were. Will this stop the Bank of Canada in their interest rate hike fervor? Don’t think so, sorry folks.
The table at the end of the Stats Canada posting outlines nicely what industries are still powering ahead in the economy.
On the investing side of things, if you held RIM about a year ago and decided to not look until now, that was a good piece of financial thinking, because the Technology Titan is now at $220 Cdn up from $72 a year ago (yup, tripling your money). Did I buy any? Nope, I am confident enough in my own ineptitude to say I didn’t, hope some of you did, and remember to TAKE YOUR PROFITS!
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