STOCK Shares of stock signify ownership in a company. They are classified as equity and represent a claim on assets and earnings of the company. Two main types of stock exist: common and preferred. Generally, only common shares have voting rights. However, preferred shares have a higher claim on said assets and earnings. BOND A bond is a certificate of debt, issued by companies in an attempt to raise capital. Many types of bonds exist, including coupon bonds, zero coupon bond

CANADIAN ECONOMIC CALENDAR Canadian GDP growth will be the highlight of the week for Canadian economic data. Canadian productivity is expected to grow at an annualized pace of 3.6% for the 2nd quarter of 2017. 1st quarter growth was also strong at an annualized pace of 3.7% as the Canadian economy continues to show signs of a solid recovery. According to Andrew Grantham at CIBC Capital Markets, the economic growth trend will normalize in quarter 3. Initial estimates for quart

CRUDE OIL WEEK IN REVIEW AUGUST 14-18 The price of West Texas Intermediate Crude Fell more than 2.5% on Monday, after the EIA released numbers in its Drilling Productivity Report suggesting an increase to 6.149 million barrels of oil per day for the 7 regions included in the report. This represents an increase of 117,000 barrels of oil per day from August numbers. This reaffirms the risk that shale producers will continue to produce oil in sub $50 market conditions. However,

LOCKED AND LOADED South Koreans have begun preparing for emergency precautions as the animosity between the United States and North Korea continued to escalate throughout the week. Plans released by North Korean state media to launch four missiles within 25 miles of Guam’s coastline were met with inflammatory comments by U.S President Donald Trump, including “military solutions are now fully in place, locked and loaded, should North Korea act unwisely”. Referring to North Kor