GOP Blink On Their Failure To Produce Anything Of Value For The USA

President Obama called their bluff, no doubt in part to blame the disruption on the GOP and further tarnish the party's public image. Now the most Republicans will get out of this is lower public approval and a chance to negotiate with Mr. Obama again before the next debt-limit deadline. If the Senate passes its compromise, Mr. Boehner will have little choice other than to bring it to the floor and let it pass with votes from either party. Mr. Obama will have to deliver enough Democratic votes to pass it.

Source WSJ

TSX moves higher as U.S. standoff

CANADA STOCKS-TSX moves higher as U.S. standoff boosts golds 16:48 EDT Monday, October 07, 2013 Print this article * TSX rises 29.60 points, or 0.23 percent, to 12,788.25 * Seven of 10 main index sectors advance * Gold producers climb 2.2 percent * BlackBerry jumps after report of strategic interest, analyst upgrade By John Tilak TORONTO, Oct 7 (Reuters) -

Canada's main stock index rose on Monday after a partial U.S. government shutdown boosted bullion's safe-haven appeal and caused a jump in gold-mining stocks. The shutdown neared its second week and highlighted a political standoff over U.S. debt and budget levels. With no resolution on the horizon, U.S. lawmakers braced for an Oct. 17 deadline to increase the country's borrowing power or risk default.

The Toronto market outperformed the S&P 500, gaining for a second straight session. "Overall this is a market that is trying to move ahead," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver. "It points to the fact that investors are willing to take some risk." Investors certainly do not expect the worst-case scenario of a U.S. default to materialize, he added. "It's a bit of an ostrich-in-the-sand type of attitude."

The Toronto Stock Exchange's S&P/TSX composite index closed up 29.60 points, or 0.23 percent, at 12,788.25. Seven of the 10 main sectors on the index were higher. A 2.2 percent jump in gold producers helped boost the materials sector, which includes mining stocks.

"Gold stocks seem to be quite undervalued," Picardo said. "Some of the money is flowing into that sector purely based on the uptick in gold prices." The price of bullion rose more than 1 percent. Barrick Gold Corp added 1.4 percent to C$18.80, and Goldcorp Inc was up 1.2 percent at C$26.05. Industrials climbed 0.5 percent, with Canadian National Railway Co gaining 1.2 percent to C$107.24, and Canadian Pacific Railway Ltd advancing 2.2 percent to C$131.84. BlackBerry jumped 4.1 percent to C$8.20 on news of potential interest from strategic buyers and an analyst upgrade of the company's stock.

High Frequency Trading Animation : Blackberry trading in 10 seconds of trading

 Blackberry trading in 10 seconds of trading at High Frequency

Repost:Toronto condo market faces ‘Wile E. Coyote’ moment

Toronto’s real estate market may have had its “Wile E. Coyote moment”—that dawning realization that you’re headed for painful catastrophe and there’s nothing you can do to stop it.

That’s at least how Capital Economics economist David Madani has been interpreting the industry as of late.

With new condo sales dropping to record lows, it’s become clear that the Toronto market is cooling off. Opinions are divided, though, as to whether the latest numbers are signs of an impending housing crash long feared by Canadian finance leaders.

According to a report by RealNet Canada Inc., the number of new condos sold in the Greater Toronto Area in August 2013 sat at 633, an 18% drop year over year from sales of 777 in August 2012. RealNet’s data indicated that it’s the poorest August showing for new condos in a decade. Sales of high rise dwellings have dropped over 30% year over year from an eight-month period between January and August 2013, in comparison to the same time frame in 2012.


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In sum, this is a short term issue, said Alexander.

“I don’t think it signals a major problem in the GTA real estate market or economy. I think it’s something that will be addressed, because over time there is going to be a demand for all of these condo dwellings,” he added.

“That doesn’t preclude the possibility that you get a correction in the short run, [but] even if we were to have a modest correction… I don’t actually think it would threaten the GTA economy let alone the Canadian economy as a whole.”

Source