We are not surprised , The Canadian stock market is doing quite well once again. During the past three years 2004, 2005,
2006 Canadian stocks rose 27 % , 14 % and 24 % respectively. The S& P and TSX composite Index up 15.5 % year to date.
It may well occur in 2007 that an energy sector correction. Are these fears warranted ? There is some degree of weakness in energy prices against a backdrop of sharply rising costs in the energy industry sector. The energy sector has not kept pace with the market during the past years. Energy services are down 18 % , royalty trusts are down 8 % if not more and oil producers are generally flat year to date. ytd
As investors we need deal with the cards that are dealt to us.
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