Making sense of the markets this week: November 16 Nov 13th

How to go about securing the best return for your investment in Canada.
Latest News

As Switch Hardware Sales Slow, How Long Can Nintendo Delay 'Switch 2'? - Nintendo Life May 10th

As Switch Hardware Sales Slow, How Long Can Nintendo Delay 'Switch 2'?  Nintendo LifeSwitch Is Still Outselling Everything Else Despite Ongoing Chip Shortage  KotakuNintendo Switch shipments drop 20 percent year-over-year  MobileSyrupNintendo achieves their highest annu.... More »

Some mortgage rates are dropping, but renewed loans could keep economy slow - CBC News Dec 26th

Some mortgage rates are dropping, but renewed loans could keep economy slow  CBC NewsFixed mortgages see biggest interesrate drop since spring  Toronto StarBig banks and lenders slash mortgage rates in time for the holidays - Mortgage Rates & Mortgage Broker News in Canada&nb.... More »
 stock split

Air Miles expands offerings, including ways to earn and redeem + MORE Jul 6th

Air Miles has unveiled its new brand platform, complete with an aspirational tagline that aims straight at Canadians’ revenge-travelling hearts: “Collect more moments.”  As you might recall, BMO Financial Group bought Air Miles in March 2023, after the program’s owner, Loyalty Ventur.... More »
 financial advisor

Stock news for investors: Q4 results from Manulife, Sun Life, Air Canada, and more Feb 13th

Here’s a round-up of news for Canadian investors this week. Manulife Sun Life Cineplex Air Canada Brookfield Corp. Fortis Featured RRSP Accounts featured EQ Bank Build.... More »

Law restricting foreign property buyers amended, opening door for non-Canadian NHLers - Sportsnet.ca Mar 29th

Law restricting foreign property buyers amended, opening door for non-Canadian NHLers  Sportsnet.caFederal government eases some restrictions on non-Canadians purchasing property  CBC NewsFederal rule change allows foreign home buyers to make purchases again  The Globe .... More »
Making sense of the markets this week: November 16Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. 
The stock markets cheer the vaccine news from Pfizer
Pfizer’s vaccine announcement is certainly the big story of the week, just as the U.S. election was the story last week. 
On Monday, Nov. 9, U.S. pharmaceutical company Pfizer announced that their COVID-19 vaccine is 90% effective. That is, the study showed the vaccine was able to stop 90% of infections. That efficacy rate is far superior to the expectation that a vaccine might only be 50% to 60% effective, and it led to incredible optimism in that we might have one of the solutions to help us get to the other side of the pandemic. There’s hope that we might get life back to “more normal.” 
On stock markets around the world, nearly $2 trillion traded on the positive COVID vaccine news. 
Canadian stocks soared on Monday, increasing by 2.7% at one point midday, before settling for the day with a 1.2% gain…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!