TORONTO, July 22 /CNW/ - In a poll prepared on behalf of BNN, 89.4% of
Canadian CFA charterholders believes that inflation has become a greater
concern than it was just six months ago. "Food prices globally will continue
to rise on growing demand and dwindling inventory levels. This will constrain
global economic growth," one respondent commented.
North America is coming out on top according to respondents with 40.1%
citing Canada and the United States as the markets that are providing the best
near-term values. "Canada has the largest investable oil reserves in the world
and it is and will continue to get a lot of attention from global players in
the near-term."
When asked about the 6 month outlook on the price of oil 70.4% of
charterholder respondents expect the price of oil to be in the $100-150 range.
The third national poll of CFA charterholders probes Canadian investment
professional's predictions for the second half of 2008. Of the 948 investment
professionals who responded to the poll, over 58% think that the Canadian
dollar will finish 2008 at or above par.Key poll results:
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What is your 6 month outlook on the price of oil?
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Answer Options Response Percent
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$150+ 23.2%
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$100-$150 70.4%
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less than $100 6.4%
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In your opinion, have the global financial risks and write-offs been
reflected fully in Canadian bank stocks?
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Answer Options Response Percent
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Yes 44.2%
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No 46.8%
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Don't know 9.0%
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What direction will Canadian interest rates head by year's end?
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Answer Options Response Percent
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Up 45.6%
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Down 9.9%
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Stay same 44.5%
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Has inflation become a greater concern than 6 months ago?
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Answer Options Response Percent
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Yes 89.4%
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No 9.6%
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Don't Know 1.0%
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By December 31st, where do you think the Canadian dollar will finish?
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Answer Options Response Percent
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Above par 23.2%
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At par 34.9%
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Below par 41.9%
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Are Canadian stocks properly valued at this time?
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Answer Options Response Percent
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Yes 27.5%
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No - over valued 37.9%
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No - under valued/mixed 34.6%
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Which markets are providing the best near-term values (country, sector or
theme)?
Top Responses by Key Word
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Total Response (For Q8)
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Key Word Response
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Canada 20.4%
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US 19.7%
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Emerging Markets 10.2%
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Energy 10%
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Commodities 9.6%
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Financials/Banks 9.3%
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Cash/Money Markets 5%
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Europe 4.4%
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Oil and Gas 4.4%
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Other(xx) 7%
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Total 100%
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(xx) Included precious metals, infrastructure, agriculture, gold,
technology, consumer staplesAbout the poll: The poll was conducted via electronic survey, and was
in-field from July 7 - 11, 2008. Eligible charterholders from all 12 Canadian
CFA societies participated as follows: Atlantic, Quebec City, Montreal,
Ottawa, Toronto, Winnipeg, Saskatchewan, Edmonton, Calgary, Okanagan,
Vancouver and Victoria.
Toronto CFA Society is a not-for-profit organization supporting
professional development and advancement of CFA charterholders. The society
provides member services including educational programmes, sponsored events,
job postings and networking opportunities.
Founded in 1936, the Society is affiliated with CFA Institute, the global
body that administers the Chartered Financial Analyst curriculum and sets
voluntary, ethics-based performance-reporting standards for the investment
industry. With over 6,800 members, Toronto CFA Society is the 2nd largest in
the world, after New York. For more information, please refer to
www.torontocfa.ca
CFA(R) and Chartered Financial Analyst(R) are trademarks owned by CFA
Institute.
For further information: NOTES FOR MEDIA: If you would like more details
on the poll please contact Sara Maginn Pacella at (416) 366-5755 x225 or
spacella@torontocfa.ca
