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A "For Sale" sign is posted outside of at Toronto townhome (Tim Fraser/For The Globe and Mail)
A "For Sale" sign is posted outside of at Toronto townhome (Tim Fraser/For The Globe and Mail)

Insider Trading

As rate hikes loom, MCAN Mortgage insiders sell shares Add to ...

Last October, we suggested real estate stocks could benefit from the Bank of Canada’s low interest rates. We highlighted buying at Morguard Corp. and the stock has since advanced 30 per cent. However, Mark Carney will soon have to change course or risk household debt getting totally out of hand. With that in mind, we note that over the past month, four company insiders of MCAN Mortgage have sold a combined total of 126,019 shares in the public market at an average price of $14.86.



Disclaimer:

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.



Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

Follow on Twitter: @TedDixon

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