PP UpdateAll insider PP purchases have now been posted on SEDI except for one purchase of 66,667. The only director or employee insiders to not report is Paul Chappelle (senior officer) or new director John Albright who replaced Richard Segal. Suspect that Paul Chappelle is the one that is missing. Perhaps he is unaware that Friday of this week is the legal deadline for reporting his PP purchase.
Looks like we may have another brokerage house dumping Sirit shares today. Let's hope the seller is not holding too many.
Off topic. I am particularly peeved at the Canadian Banks for not following through as has been the standard historical practise to drop their prime rate by the same amount of the Bank of Canada's drop of 1/2 percent. The central banks of the G8 countries made a co-ordinated effort to stimulate the lending markets and then the Canadian government in the form of the Prime Minister and Finance Minister basically say absolutely nothing substantial about the crass attitude of Canadian banks and their lack of cooperation in attempting to turn things around. Frankly pathetic. You now know who I'm not voting for next Tuesday. And yes I have a floating rate mortgage that I'm now paying 25 basis points higher on than I would have had the banks just followed the norm.
From today's newspaper I see I am not alone in my low opinion of the Canadian banking industry.