There was no rest for the sellers during Wednesday trading on the Canadian Markets with back door political moves creating government chaos in Ottawa. For the tale of the tape, the TSX Exchange dropped 0.37%, while the TSX Gold Index gave back 3.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 2.63% with the declining issuers outpacing the advancers by a 452 to 294 margin on volume of 160 million shares traded.

The big news of the day came from Freeport-McMoRan Copper & Gold (NYSE:FCX), which announced a reduction in copper production and sales for 2009 along with a 50% cut in estimated capital expenditures for 2009. The major eliminated its stock dividend. Oooch. Freeport ended the day at $18.05 down $3.77 in New York trading.

Duran Ventures tagged 146.75 metres running 0.93% copper and 0.04% molybdenum, within a broader zone of 458.1 averaging 0.497% copper and

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San Antonio, Texas-based NuStar Energy, L.P. (NS) is a master limited partnership (MLP) that engages in the transportation and storage of crude oil as well as refined products in the U.S., the Netherlands Antilles, Canada, Mexico, the Netherlands, and the U.K.The continued downward pressure on MLP units is primarily due to concerns about liquidity, since most of the long-haul pipeline operators have limited, if any, commodity-price exposure. Our preferred MLPs (which includes NS) generate stable cash flows, are investment-grade credits and provide for distribution growth.NuStar's current quarterly distribution of $1.0575 per unit (annualized run rate of $4.23 per unit) represents an attractive yield of 11.07%. We believe that the partnership can easily maintain distribution growth in the 6%-7% range over the next few years. With an above peer-group average distribution coverage level and a GP IDR cap of 25%, NuStar's distribution growth prospects remain ...

Currencies trade in a tight range…  Another new plan to help homeowners…  RBNZ and Riksbank slash interest rates! The Governorator speaks!… And Now… Today’s Pfennig! It’s going to be a Tub Thumpin’ Thursday in Europe for sure, given the Central Banks of England and the Eurozone are meeting and will probably cut interest rates to levels that haven’t been seen in a while! The automakers are in deep dookie folks, according to them, and are in need of funds / bailout money right now! The head of Ford believes his company can withstand the recession, but fears for GM and Chrysler… The UAW has made some concessions to help the automakers, but it could be a case of too little, too late…

Well… Another day of doldrums in the currencies, with the bias, what little there is, to buy dollars. The stock jockeys received some manna from heaven yesterday when

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Coming off the second worst one-day sell off since 1987, the Canadian Markets continued to freefall during Tuesday trading with slumping commodity prices and political uncertainty sparking a renewed bout of uncertainty. For the tale of the tape, the TSX Exchange dropped 0.93%, while the TSX Gold Index bucked the down trend by adding 7.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 1.08% with the declining issuers outpacing the advancers by a 423 to 309 margin on volume of 153 million shares traded.

Esperanza Silver and partner Silver Standard (NASDAQ:SSRI) tabled a 31% jump in measured and indicated gold resources at their San Luis project in Peru. The new tally is 347,000 ounces of gold running 22.3 grams gold and nearly 9 million ounces of silver grading 578 grams silver per tonne. Esperanza ended the day up C$0.01 at C$0.50, while Silver Standard closed at

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If you like the car, will you love the company?

When it comes to Ford Motor Co. (F), a Canadian car dealer bet a month’s sales on that premise.

Rose City Ford dealership owner John Chisholm offered 100 shares of Ford stock to anyone who bought a new or used vehicle from the dealership during the month of November, the Windsor Star newspaper reported. Chisholm, the president and general manager of Rose City, said he got the idea from a General Motors Co. (GM) dealership in Texas that offered GM shares for each vehicle sold. So Chisholm opted to try it in Windsor, the Ontario, Canada city where Ford has both a long history and deep community roots.

“What a great way to show our confidence in the company,” Chisholm, who employs 80 at a

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PKey Newsbr•nbsp;Britain's services sector contracted at its fastest rate in at least 12 years, a closely-watched survey showed Wednesday, ratcheting up expectations that the Bank of England will cut interest rates by a full percentage point on Thursday. (AP)br•nbsp;The Australian economy grew at its slowest pace in eight years last quarter. (IHT)brKey Reports Due (WSJ):br7:00a.m. MBA Mortgage Application Survey for Nov 28: Previous: -2.1%. br8:30a.m. 3Q Productivityamp;Labor Costs, revised: Expected: +3.1%. Previous: +4.3%. br10:00a.m. Nov ISM Non-Mfg Index: Previous: 44.4. br10:35p.m. API Oil Industry Report for Nov 28 br10:35p.m. US Energy Dept Oil Inventories for Nov 28 br2:00p.m. Federal Reserve Beige Book /P PTomorrow (Time GMT):/P P12/4/2008nbsp;12:00 nbsp;UK nbsp;BOE ANNOUNCES RATESnbsp;2.50% nbsp;3.00% br12/4/2008nbsp;12:45 nbsp;EU nbsp;ECB Announces Interest Ratesnbsp;3.00% nbsp;3.25% /P PQuotable brThe world has run out of willing and creditworthy private borrowers. The spectacular collapse of the western financial system is a symptom of this big fact. In the short run, governments will ...

Currencies trade in a tight range…  China…  Commodity prices to blame…  “Safe” Treasuries? And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you! Well… I went “shopping” yesterday evening… At least I can say I did my bit to keep the economy afloat! HA! Thanks to all who sent along notes to me yesterday with kind words. I truly appreciate the kind words, you are all too kind! The automakers made their pleas to Congress yesterday, and they claim they are in deep dookie! GM says they need $4 Billion right now! And… The original $25 Billion figure has grown to $35 to $40 Billion…

The currencies were lifeless yesterday, with only

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[“Hot Stocks” is a new Money Morning feature that analyzes the investment outlook of global companies that are in the news. This is the eighth installment of this ongoing investment series.] Money Morning Staff Reports If you like the car, will you love the company? When it comes to Ford Motor Co. (F), a Canadian car dealer bet a month’s sales on that premise. Rose City Ford dealership owner John Chisholm offered 100 shares of Ford stock to anyone who bought a new or used vehicle from the dealership during the month of November, the Windsor Star newspaper reported. Chisholm, the president and general manager of Rose City, said he got the idea from a General Motors Co. (GM) dealership in Texas that offered GM shares for ...

by Doc Schmyz

Owner financing often produces a winning situation for both the homeowner who is selling the property and for the buyer who is purchasing the property. Owner financing may be defined as the situation when a seller is willing to help finance a real estate transaction by creating a loan for the entire purchase if they own the home outright or by creating a loan for part of the purchase price when there is already an existing loan on the property.

There are numerous benefits when an owner financed transaction is used. For one, the transaction can proceed more quickly and easily than when conventional financing is used because there are fewer steps involved. For another, the seller is more apt to receive a higher sales price, and the seller will receive payments and interest over a long period of time. There are tax savings realized by …

AZZ Inc. (AZZ) shares have sold off recently creating an excellent value as estimates continue to rise. The electrical component maker also expanded into Canada this year.

Company Description

AZZ Incorporated is an electrical equipment and components manufacturer serving the global growth markets of power generation, transmission and distribution, and industrial markets.

The company is also a provider of hot dip galvanizing services to the steel fabrication market nationwide.

Record-Breaking Quarter

AZZ announced record levels of revenue, earnings, and backlog in its Sep 26 earnings announcement. Revenues spiked 27% to $103.3, the highest in company history.

Earnings for the quarter were 92 cents per share, a 39% year-over-year increase. Net income was an all-time high of $11.3 million.

AZZ's backlog rose to $190.8 million, a 28% gain since the $149.2 million posted in the same quarter last year.

Trumping its Peers

AZZ

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