Quarterly Letter

Stock markets in North America ended the year with a disastrous quarter. The TSE 300 was down 13.92% ending the year 2000 with an annual return of 6.18%. The S & P 500 performed much...

During the third quarter, the TSE 300 total return index was up 1.79%. The leading sectors were Pipelines, Financial Services and again Oil and Gas. The lagging sectors were Gold and Precious Minerals, Industrial Products...

Over the past quarter, the TSE 300 total return index was up 8.06%. TSE leading sectors were Oil and Gas, Real Estate and Consumers Products. The lagging sectors were Utilities, Mines and Minerals, and Paper...

The speculative bubble on the technology market continued its advance during the first quarter of the year. The Standard and Poor’s 500 index registered a gain of 2% while the Nasdaq, home of the high...