Canadian Financial Markets. Rev. ed.

Dean Tudor is a journalism professor at the Ryerson Polytechnical
Institute and founding editor of the CBRA.

“This slim volume attempts to provide an introductory overview of the
various Canadian financial markets to readers with a rudimentary
understanding of basic economics.” That’s from the blurb, and that
is precisely what goes on here, as Hunter tries to show how the world
works, how better able we can be to understand news reports in the
financial press or even venture into the markets ourselves (such as for
a self-directed RRSP). This is the area where nonmonetary financial
assets are created and ownerships transferred. Here, entrepreneurs take
the cash and they do something with it, following the principles that it
takes money to make money and that one should always use other
people’s money. And, of course, this leads to the inevitable crises of
confidence and government regulation (which also need to be explained:
Hunter does so here).

The major topics are yields, taxation, the bond and money markets,
mortgages, stocks, futures and options, the foreign-exchange market, and
the international capital markets. Some typographical errors intrude.
Each chapter has some bibliographical references for further readings. A
good book that does well in explaining things clearly.