Welcome to OSIC November 7, 2005

1
Welcome to OSICNovember 7, 2005

• Visit us on the web at
• http//www.management.uottawa.ca/osic

2
Canadian Market Overview

• Gwyn Morgan, CEO of EnCana named Outstanding CEO
  of 2005 by the Financial Post Business Magazine
• RBC Andrew Ranking is sentenced to 6 months in
  jail for tipping a friend on inside information

3
Canadian Market Overview

• Air Canada reported best Q3 results out of all
  carriers in North America
• Nortel investors are putting big hype on
  Zafirovski
• New Chairman for OSC David Wilson as of Nov.
  1st
• Income Trusts expect a decision from govt in
  December

4
Canadian Market Overview

• HBC fighting Jerry Zuckers offer by
  restructuring mgmt
• Laid off 825 management and admin. Staff to cut
  costs
• Placer Dome and Barrick Gold deal
• Bombardier plans to build a new plant in Mexico
  creating 1,000 jobs there
• 250M Sponsorship Scandal

5
American Market Overview

• U.S. Fed. Overnight rate is raised once again by
  25bp to 4
• Highest its been in the last 4 years
• Greenspan warns about deficits, urges G.W. Bush
  to cut spending
• Hollinger International named new CFO, Greg
  Stoklosa

6
American Market Overview

• Dell missed Q3 earnings,
• stock is down 8.3
• Canada/U.S. soft lumber dispute is not going
  anywhere

7
Canadian Portfolio

• Maple Leaf Foods
• Sold our holding at 16
• Good call on our part as its down
• Kingsway Financial is up again to 20.56

8
American Portfolio

• CBH is up, but nothing major