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Fact check: Trump tries to erase the memory of him downplaying the coronavirus - CNN Mar 17th
Fact check: Trump tries to erase the memory of him downplaying the coronavirus CNNTrump administration wants to send cheques to Americans now Aljazeera.comUS government to give citizens emergency financial aid The GuardianWhat drove Trump's newfound somber tone on co.... More »
The best credit cards in Canada for 2023 Oct 25th
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The best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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The best TD credit cards in Canada 2020 + MORE Aug 21st
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »
Rallying gold and oil prices give TSX a triple digit boost, loonie strengthens + MORE Feb 14th
TORONTO _ Surging gold and oil prices helped give Canada’s main stock index a triple-digit boost, as the loonie strengthened against a weakening greenback.
The S&P/TSX composite index advanced 111.80 points to 15,328.27, led by strong gains in the gold, base metals, materials and energy se.... More »
CIBC: The BIS is wrong, Canada not at risk of financial crisis + MORE Mar 19th
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web.
.... More »
Calendar: What investors need to know for the week ahead
– theglobeandmail.com
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
JPMorgan CEO shifts topic to politics from financial results
– canadianbusiness.com
After JPMorgan Chase posted a record $7 billion quarterly profit, the last thing a contentious Jamie Dimon wanted to talk about Friday was his company’s earnings.
Instead, the CEO of the nation’s largest bank vented his irritation with politicians and what he called gridlock that’s preventing the economy from doing even better.
Dimon, a member of President Donald Trump’s business advisory council, has a reputation for speaking with little to no filter. He’s complained in the past that U.S. policymakers spend too much time arguing rather than improving the economy.
The U.S. economy has been expanding at less than 2 per cent a year since the Great Recession, which is below the typical growth after an economic downturn. Dimon said growth would be higher if Washington gridlock would ease.
“It’s almost an embarrassment being an American citizen travelling around the world … listening to the stupid (expletive) we have to deal with in this country,” he said in a call…
Instead, the CEO of the nation’s largest bank vented his irritation with politicians and what he called gridlock that’s preventing the economy from doing even better.
Dimon, a member of President Donald Trump’s business advisory council, has a reputation for speaking with little to no filter. He’s complained in the past that U.S. policymakers spend too much time arguing rather than improving the economy.
The U.S. economy has been expanding at less than 2 per cent a year since the Great Recession, which is below the typical growth after an economic downturn. Dimon said growth would be higher if Washington gridlock would ease.
“It’s almost an embarrassment being an American citizen travelling around the world … listening to the stupid (expletive) we have to deal with in this country,” he said in a call…
(iStock)Canada’s biggest banks raised their prime interest rates one after another this week following the Bank of Canada increase of its policy rate to 0.75 per cent from 0.5 per cent. The base lending rate at the Big Six now is 2.95 per cent, compared with 2.7 per cent before the central bank’s announcement on July 12.
That’s how it is supposed to work. Except the “transmission mechanism” between the central bank and private banks isn’t always so automatic. When the Bank of Canada cut interest rates in 2015, the banking oligopoly was less keen to reduce what it charges borrowers for money. Also: higher prime rates don’t necessarily result in significantly higher deposit rates.
The trend:
The financial crisis and its aftermath has been a public relations nightmare for banks. Their greed was seen by many as a major cause of the meltdown that brought on the Great Recession, and many of the worst actors got government bailouts. And then, as central banks dropped their benchmark interest rates to zero to prevent a depression, banks balked at passing on the full benefits of the cuts to their customers…
The art of execution in investing, the tech stock of the future, and how to benefit from higher rates
– theglobeandmail.com
A roundup of investment ideas for active investors
How active is your passive investment?
– moneysense.ca
The post How active is your passive investment? appeared first on MoneySense.
