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Hey, Canadian stock market: Thanks for 10 years of nothing + MORE Oct 28th
The past 10 years on the TSX tells us nothing about what to expect in the decade ahead, but it does offer an important caveat
.... More »
Reddit, birthplace of the meme stock, is going public. Here's what to expect - CBC News + MORE Mar 14th
Reddit, birthplace of the meme stock, is going public. Here's what to expect CBC NewsIPO Edge's Jannarone: Eyes on Reddit as 2024 Tech IPO Bellwether – Schwab TV Yahoo FinanceCan Reddit Survive Its Own IPO? WIREDHere's how Reddit plans to price shares when it goes .... More »
Canada’s stock market watchdogs to review climate change public disclosures + MORE Mar 21st
The regulators of Canada’s stock markets are taking a fresh look at how publicly traded companies disclose the risks and financial effects associated with climate change.
The Canadian Securities Administrators, which represents the country’s provincial and territorial stock regulators, s.... More »
How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st
Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.
But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in t.... More »
CIBC dives back into tech sector with Wellington Financial acquisition + MORE Jan 8th
Deal allows CIBC to bulk up and launch new business line, servicing growing tech companies
.... More »
Global stocks mostly lower ahead of US data, speeches by Fed chairwoman
– canadianbusiness.com
BEIJING, China – Global stock markets were mostly lower Monday as investors looked ahead to this week’s public appearances by the U.S. Federal Reserve chief for signs of whether the central bank will raise interest rates this month.
KEEPING SCORE: In early trading, France’s CAC-40 retreated 0.3 per cent to 4,913.61 and Germany’s DAX was off 0.2 per cent at 11,293.76. Britain’s FTSE 100 fell 0.7 per cent to 6,331.32. Wall Street was set to add to Friday’s losses. Futures for the Standard & Poor’s 500 shed 0.3 per cent to 17,743.00. Dow futures lost 0.3 per cent to 17,742.00.
FED SPEECH: Fed Chairwoman Janet Yellen is due to deliver a speech Wednesday and congressional testimony Thursday in which financial analysts expect her to affirm the view that the U.S. economy is improving enough that the Fed can raise interest rates. Rates at near zero since the 2008 global crisis have helped boost stock prices. Fed officials have indicated they are likely to approve a rate hike at their Dec…
KEEPING SCORE: In early trading, France’s CAC-40 retreated 0.3 per cent to 4,913.61 and Germany’s DAX was off 0.2 per cent at 11,293.76. Britain’s FTSE 100 fell 0.7 per cent to 6,331.32. Wall Street was set to add to Friday’s losses. Futures for the Standard & Poor’s 500 shed 0.3 per cent to 17,743.00. Dow futures lost 0.3 per cent to 17,742.00.
FED SPEECH: Fed Chairwoman Janet Yellen is due to deliver a speech Wednesday and congressional testimony Thursday in which financial analysts expect her to affirm the view that the U.S. economy is improving enough that the Fed can raise interest rates. Rates at near zero since the 2008 global crisis have helped boost stock prices. Fed officials have indicated they are likely to approve a rate hike at their Dec…
Lords a-leaping: ’12 Days of Christmas’ items cost $34K, a 0.6 per cent increase over last year
– canadianbusiness.com
PITTSBURGH, Pa. – Lords a-leaping is the U.S. economy slow to recover!
The cost of 10 lords a-leaping increased 3 per cent over last year, but nine of the other 12 gifts listed in the carol “The Twelve Days of Christmas” stayed the same price as last year, according to the 32nd annual PNC Wealth Management Christmas Price Index released Monday.
The index is a whimsical way the Pittsburgh-based bank tracks inflation.
The set of gifts spelled out in the final verse of the song would cost $34,131 this year, or 0.6 per cent more than the adjusted 2014 price of $33,933. PNC decided to adjust the historic prices of turtle doves and swans after realizing the prices quoted by vendors didn’t reflect the birds’ overall value on the open market over the years.
“The headline, I think, is that inflation in this economy, with the sort of tepid recovery we’ve seen, is almost nonexistent,” said Jim Dunigan, chief investment officer of PNC’s asset management group…
The cost of 10 lords a-leaping increased 3 per cent over last year, but nine of the other 12 gifts listed in the carol “The Twelve Days of Christmas” stayed the same price as last year, according to the 32nd annual PNC Wealth Management Christmas Price Index released Monday.
The index is a whimsical way the Pittsburgh-based bank tracks inflation.
The set of gifts spelled out in the final verse of the song would cost $34,131 this year, or 0.6 per cent more than the adjusted 2014 price of $33,933. PNC decided to adjust the historic prices of turtle doves and swans after realizing the prices quoted by vendors didn’t reflect the birds’ overall value on the open market over the years.
“The headline, I think, is that inflation in this economy, with the sort of tepid recovery we’ve seen, is almost nonexistent,” said Jim Dunigan, chief investment officer of PNC’s asset management group…
Comment on Man set to recant oath to the Queen right after citizenship ceremony by Emilyone
– macleans.ca
My family came here in 1848.
My family is definitely “old stock”.
I have had to swear the oath of allegiance several times in my life, I am however, both an atheist, and anti monarchist.
Canada was never meant to be a country that prevents free thought.
My family is definitely “old stock”.
I have had to swear the oath of allegiance several times in my life, I am however, both an atheist, and anti monarchist.
Canada was never meant to be a country that prevents free thought.
Banking group warned government about mortgage risk sharing plan, documents show
– canadianbusiness.com
TORONTO – The Canadian Bankers Association warned the former Conservative government that a proposal to have banks shoulder more of the risk associated with home mortgage loans could hurt the country’s financial stability.
The group’s position is revealed in a letter it sent to Canada Mortgage and Housing Corporation, which was obtained by The Canadian Press through an access-to-information request.
“As the CMHC explores options to reduce the federal government’s exposure to the housing market, we would like to ensure that any changes made to the housing finance system are done so with a complete understanding of their implications on the housing and mortgage markets,” reads the letter, dated Aug. 6, 2014.
Homebuyers with less than a 20 per cent down payment are required to get mortgage default insurance — either from CMHC or one of the private mortgage insurers — when borrowing from a bank. The insurance covers the banks in cases where borrowers default on their loans…
The group’s position is revealed in a letter it sent to Canada Mortgage and Housing Corporation, which was obtained by The Canadian Press through an access-to-information request.
“As the CMHC explores options to reduce the federal government’s exposure to the housing market, we would like to ensure that any changes made to the housing finance system are done so with a complete understanding of their implications on the housing and mortgage markets,” reads the letter, dated Aug. 6, 2014.
Homebuyers with less than a 20 per cent down payment are required to get mortgage default insurance — either from CMHC or one of the private mortgage insurers — when borrowing from a bank. The insurance covers the banks in cases where borrowers default on their loans…
