Canadian Penny Stocks Blog

It looks as though the Bank of Canada has decided to stand firm with interest rates at 0.25% but that rate hikes are likely to occur in June.  It’s one of those good news bad news type situations, but it’s really in the economies best interest to see these rates rise and stimulus slowly removed [...]

Nice day on the TSX with more green to start off March and the new week all at once.  Today’s focus will be on the volume makers of the Toronto Venture Exchange.  Volume doesn’t always mean big moves in prices, but it can mean that there is a lot of interest in the stock so [...]

On the last post here on the blog, the suggested stock to watch was Norwood Resources NRS.V.  As expected the sell off occurred and the stock is sitting around $0.06 which is far off of the close of $0.095.  It would never be in the nature of this blog to say buy this stock, but [...]

Going to be a quick update of the previous picks. The Canadian Penny Stocks blogger has been busy not posting and getting ready to release some great material on investing in penny stocks. It’s going to be an expanded version of the 10 Rules For Penny Stock Investing. You know the rules, [...]

It’s been quite a busy time over at the Canadian Penny Stocks blog. Researching some stock ideas and studying up on some investing techniques that will hopefully profit the writer (and readers) of this blog. For now, here are two companies that you might want to look at:
First Gold Exploration Inc. EFG.V – [...]

We are on board for another week of trading. Last week wasn’t all that great for the overall index slipping several hundred points. From a technical perspective it seems as though the TSX will hold strong above 11000 for now. The earnings reports out this week will either solidify that sentiment or [...]

Have you heard anything about Google and China. Really interesting thing happening there with Google potentially pulling out of China or stopping the filtering of results they currently do. “In a surprising move that could affect its presence in a coveted, fast-growing international market, Google Inc. said Tuesday that it’s considering pulling out of [...]

Are you ready for the first trading day of 2010?  It will no doubt be a challenging year and we shouldn’t expect to see another 30%-40% rise in the overall index like we did off of March lows in 2009.  The real question is if we start the year up or down.
The Upside
With such a [...]

Happy 2010 investors!
It’s great to have had such a wonderful vacation season and it’s not over yet.  The markets will be firing up again for the new year and many are expecting the markets to rise sharply as the cash that has been sidelined moves back into equities in the new year.  Given this theory, [...]

Another strong day on the stock market however it’s interesting to note, and I’ve posted the question on Twitter that with talks of Bernanke winding down the stimulus programs, it shows the strength of the US economy which will drive the strength in the US Dollar.  However, the US economy will likely be affected by [...]