TSX INDEXES for Energy, Real Estate, Financial Services, Gold and the Bank of Canada Commodities in $CAD

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​In September 2017 the Canadian commodities index (CCI red plot line) remained just above the March 2009 Pit of Gloom low held aloft by the waning highs in the Canadian dollar. 

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The Canadian energy sector excitement at the end of FY 2016 has been muted now from all the trumpeting below the border about energy independence. Good luck with those coal mines; do I smell Musk in the air?

GM to launch two new electric vehicles within 18 months, 20 by 2023 - OCT 2017 GreenCar Reports
Nissan promises new Leaf can drive ‘over 300 miles’, rivaling US peer’s - SEP 2017 Financial Times
EV sales in the US have now risen for 21 consecutive months - JUN 2017 Inside EVs
​Internal-combustion development by German automakers to end 2025 - APR 2017 Green Car
​Global electric car sales over 90,000, up 50% Y/Y for MAR 2017 seekingalpha.com
Have The Majors Given Up On Canada's Oil Sands? Zero Hedge - FEB 27, 2017
All Cars In Norway Will Be 100% Electric By 2025 WCCFtech - FEB 23, 2017
Tesla Quietly Introduces Longest-Range Electric Car on the Market Fortune Autos - JAN 22, 2017
Norwegian giant pulls out of Alberta's oilsands National Observer - DEC 14, 2016
All new cars mandated to be electric in Germany by 2030 ELECTREK - JUN 14, 2016
India joins Norway and Netherlands in wanting 100% electric vehicles RENEWeconomy APR 4, 2016
California wants 100 per cent electric car sales by 2030 The Irish Times - AUG 24, 2015

​​The relentless energy sector downtrend (black plot line) since the manic high of July 2008 continues to stair step down.

The Gold sector is building a base and appears to have support above the coiling lows begun in 2013.
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In 2007 financial fears and energy anxieties had real estate appraisers dusting off their calculators and adding the income approach and replacement calculations back onto their comp-heavy arguments. Now ten years later, both the financial and energy sectors are showing signs of exhaustion. If they roll over, the animal spirits in the real estate market will get spooked.
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​Recent warnings of credit tightening and a Yield Curve reversal (Credit Markets Bob Hoye JAN 27, 2017 means that the competition for other people's income will become cut throat as asset values get repriced. See Bob's Global Warning below.

​Comparative analysis becomes moot in a no-bid-thin-bid market and gives way to fundamental and financial analysis when looking at physical assets.​​

READ Bob Hoye's September 6, 2017 GLOBAL WARNING