Before the Bell: Stocks set to surge, volatility reigns + MORE Sep 8th

MOSCOW – Trading on Russia’s stock exchange was suspended for almost two hours on Tuesday due to technical problems.
The Moscow Exchange, which is the centre of Russian financial trading, said it encountered a “technical failure” in its data centre at around 3 p.m. local time.
Stocks and bonds trading resumed at around 4.50 p.m., with derivatives and foreign exchange following shortly afterward with extended trading sessions partially compensating for the lost time.
The exchange had said backup systems would be used to resume trading.
The exchange’s main MICEX index was trading up by almost two per cent on the day.
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Our equities analyst looks ahead to the investment day

LAS VEGAS, Nev. – Caesars Palace in Las Vegas is being fined $9.5 million by federal and state regulators for not taking steps to prevent money laundering in the casino.
The U.S Treasury’s Financial Crimes Enforcement Network announced Tuesday that the agency had settled its investigation into the casino for $8 million. Nevada Gaming Control Board Chairman A.G. Burnett says the state agency plans to levy its own $1.5 million fine against the company in a separate settlement.
The investigations stems from actions the casino made as early as 2012.
The federal agency says Caesars Palace willfully and repeatedly violated the Bank Secrecy Act, including allowing high-rollers to gamble millions anonymously in private areas of the casino. The agency says the casino marketed the private gambling rooms in the United States and abroad, particularly to Asian gamblers, but didn’t watch for possible suspicious activity in the cash flow that resulted, including large wire transfers…

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Q: I have funds sitting in a high interest bank account. I am totally risk adverse because of a partner’s unfortunate business investments and resulting bankruptcy. I have favoured real estate always. What should I do as a senior with no company pension or income from investments?
—Dee
A: It’s unfortunate to hear about your partner, Dee. I am guessing that they are also a senior and may be coming into retirement with limited savings.
When people talk about investment risk, I think that they mistakenly focus on the short-term fluctuations of the stock market. It’s the 6 o’clock news effect. Or these days, the Facebook effect.
In the long term, stocks go up. The Toronto Stock Exchange has returned 7.6% annualized in the 10 years ending Dec. 31, 2014. Over 20 years and 30 years, returns have been 8.83% and 8.97% respectively.
While some companies will fail–whether private, like your partner’s company, or public, like Nortel–there will always be companies that provide good goods and services and make a profit for investors…

The Bank of Canada’s latest rate decision, housing data and a number of retail earnings are on tap this week.