In what may turn out to be the last episode of effective anti-inflation drum beating for a while, Fed Chairman Jerome Powell was still talking tough when he appeared before a Senate committee on March 8th. That sent economy-sensitive stocks for a spin. The INK Canadian Insider Index fell 3.2% over the past week but remains up 3.8% year-to-date. The INK CIN Index leaders in the past week were Hammond Power Solutions (Mostly Sunny; HPS), up 24.9%, 5N Plus (Mixed; VNP), up 18.4%, and Ag Growth International (Sunny; AFN), up 10.1%. The laggards were Transcontinental (Mostly Sunny; TCL), down 19.0%, Hudbay Minerals (Mostly Sunny; HBM), down 14.3%, and Linamar (Sunny; LNR), down 14.1%.
Most active public-market buying insiders (all markets in Canada)
From March 6th to March 10th as filed and reported by March 12th (000's):
Victor Dodig bought $2,996 CIBC (Mixed; CM)
Donald Lindsay bought $2,682 Manulife Financial (Mostly Sunny; MFC)
Jay Forbes bought $1,850 Element Fleet Management (Mostly Sunny; EFN)
Laura Dottori-Attanasio bought $1,496 Element Fleet Management (Mostly Sunny; EFN)
Samir Manji bought $1,184 Artis REIT (Mixed; AX)