Michael Gregory- BMO Economist:

President Michael called upon Michael Cooksey to introduce our speaker Michael Gregory who is a Senior Economist, as well as Managing Director of BMO Capital Markets.

With twenty years of experience in Canadian and U.S. economic and financial markets research, he works closely with capital market traders, sales force and their clients. Mr. Gregory provides high-frequency market and economic analyses and contributes to the BMO weekly publication, Focus. He also authors the monthly Rates Scenario report that provides clients with the firm's view on interest rates and foreign exchange rates.

Michael graduated from Concordia University in Montreal with a Bachelor of Commerce, and then completed the Master of Arts program at the University of Western Ontario. Michael also did doctoral studies at Fordham University in New York City. He also holds a Chartered Financial Analyst designation.

Michael Gregory gave us a very comprehensive presentation on the present financial situation globally and both the Canadian and US economy.
Here are some of the topics that he presented: The details can be obtained by visiting the following website at www.bmonesbittburns.com/economics.

• The “V” in Recovery
• Financial Market revive
• Key economic indicators turn
• Recovery Beginning
• Canada’s Recession: Rapid but not extreme
• When US sneezes Canada catches cold...
• Commodity prices rebounding
• Housing resale rebounding, starts stabilizing
• Canadian existing home prices perk up
• Credit Crisis not as severe in Canada
• Canadian businesses boast. Business bankruptcy dropped during recession
• Fed balance sheet more than doubl
• Unemployment rates to continue rising
• Greenback giving gains back
• Loonies and commodities: happy to be together
• First Global recession since WWII history
• Comparing the recoveries. Comparing the recessions
• Risks: post-stimulus US/ Global growth could fade too much
• Adjustment to stronger Loonies could prove too onerous
• Canadian economic growth to outpace US/G-7 next year
• Stock and Commodity prices continue to increase on global recovery

Being a popular topic the presentation was long. There was not enough time for a question/ answer period; however President Michael did allow one question.

Robert thanked our speaker and presented him with a book about Canada.

Attendance

This week we had a total attendance of 29 Rotarians and five guests: Our speaker Michael Gregory, Jeff McCarthy invited by Gus, Margaret and Chris (Judy’s son) invited by Judy.

Announcements

President Michael announced that there will be an election on December 8 and the proposed list of candidates will be presented on November 10.

President Michael announced that he received an email from Case saying that his wife Chris will be coming home from the hospital to stay. Her health is improving.

Gerard brought to our attention that our 3 newly inducted members were published in the Bluffs Monitor yesterday.

Audrey announced a lost key, which turned out to be Ron’s

Audrey reminded us for the President Night on Nov. 6 also Cakes and Ham sale orders must be in by Nov. 14.

Michael Cooksey was pleased to see the new members photos published in the Bluffs Monitor and encouraged all members to invite friends, business associates to come for lunch.

Woods Cunningham Wheel

Our guest Chris spun the wheel and hit # 22. It was Audrey’s and her 50/50 partner Don’s lucky day. She spun an Ace of Diamonds and will share $37.50 with Don.

Sergeant-at-Arms

Happy Birthday to our President Michael Murton. He paid his donation. The club sang Happy Birthday.

Albino paid a happy buck for his son’s 20th Birthday

Alexandra paid a happy buck for his grandson’s birthday

Gus was happy to receive a good health report card from his doctor

Ron was happy to see Rocco at Rotary. We are ALL happy to see Rocco.

Josie was happy to attend the Julio Inglesias concert with Buddy invited by Lina

Alexandra paid another buck because her cell phone rang during the meeting.

Michael Cooksey was very happy to see the Interact students active on Halloween night.

Celebrations

Compliments of Gerard Baribeau

New ending for a favourite fairy tale

The big bad Wolf said "I'll huff and I'll puff and I'll blow your house down."

The little piggy said "Bugger off or I'll sneeze on you..."

Upcoming Meetings -to update your information, e-mail Gary at garymac@clarkehenning.com

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