Now that they’ve got their footprint in that area, they’re starting to build on it.

Any steel company that’s not a global player, which none of the Canadian guys are, are suspect of being taken over, or potentially could be taken over.

I think we’re still in a bull market for commodities and the fact that we are pausing or correcting a bit is healthy.

Energy stocks will pass their highs. Canada’s looking like a shining star. It’s got the commodities.

We were so strong yesterday that I think there is a natural inclination to sell a little bit off. But this is a dip to be bought rather than to be sold into.

It speaks well not only of the earnings, but also for confidence in the future. Companies do not raise dividends with the expectations of cutting them.

People own banks for consistency of results. Dividends keep increasing, that’s what the banks are giving investors.

I use dividends rather than earnings because they more accurately reflect whether a company’s board feels good about its business, balance sheet, ability to sustain working capital costs, and its future in general. Earnings tell...

There is more to it than just the natural resources story. If you look at the Canadian economy, it looks very good.

I think it is psychologically significant.

The Canadian market will be volatile because of its high exposure to commodities. But even at all-time highs it’s still worth investing in stocks, because the general outlook is still good.

I think they’re definitely looking for asset management companies in the U.S.. Certainly, they have a shareholder base that’s confident of their ability to do a large acquisition without any hiccups.

These commodity stocks, including the base metals, are still below their all-time highs, so I think they will play some catch-up here.

The fact is the market went up a lot, and whenever there is a reason to take profits, people will take profits.