If I had to hazard a guess USDollar, I'd be inclined to believe that maybe the big boys are waiting on a buying opportunity on NT. We've seen the one year targets. With no significant guidance from FD, we may see the one year targets met sooner than we should, then what? Downgrades on valuation? Or more upgrades based purely on investor excitement and momentum?
As far as volume on the TSX, I've always held a belief that some big money trades take place north of the border that ultimately originate on the US side (especially on the short side). One of my favorite conspiracy theories.
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