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Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
Luxury home sales slip in Vancouver, but pick up in Toronto + MORE Sep 14th
TORONTO – A report by Sotheby’s International Realty Canada says sales of luxury homes in Vancouver cooled in July and August, however the high-end market picked up in the Toronto area.
The real estate firm says the new foreign buyer tax introduced in Vancouver in August has injected uncertainty.... More »
Is life insurance taxable in Canada? Mar 20th
Life insurance is essentially buying peace of mind. You’re helping your loved ones deal with the financial impact of your death and hopefully mitigating some of the accompanying stress and emotional turmoil. But what happens after your loved ones receive their inheritance? Is life insurance taxabl.... More »
Venezuela's Maduro offers to negotiate with opposition - CBC.ca Jan 30th
Venezuela's Maduro offers to negotiate with opposition CBC.caVenezuelan court slaps travel ban on opposition leader Guaido, freezes his assets Global NewsCourt bars Venezuela opposition leader from leaving nation CTV NewsVenezuela's slow coup continues Al .... More »
Vatican embezzlement trial: Cardinal Angelo Becciu among 10 charged - BBC News Jul 3rd
Vatican embezzlement trial: Cardinal Angelo Becciu among 10 charged BBC NewsVatican indicts 10 people in London real estate deal CTV NewsVatican judge indicts 10, including a cardinal, for alleged financial crimes Toronto SunVatican indicts 10 people, including a onc.... More »
Before the Bell: Stocks rise, markets not out of the woods yet
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Talking Points: Of velvet ropes and mega-lotteries
– macleans.ca
Good News: IMF chief Christine Lagarde visited Cameroon, which she praised for growing its economy six per cent despite low oil prices (Stephen Jaffe/IMF/Reuters)Need an answer for that? Trying to look like the smartest person at the dinner party? Our Talking Points have you covered. Read our short takes on some of the big stories from the week that was:
1. That new car smell
Armed with loud music and puffs of dry ice, giddy auto executives unveiled 40 new cars, trucks and SUVs at this week’s Detroit auto show. After enjoying record North American sales last year, the industry is poised for a repeat performance in 2016 thanks to continued low interest rates, cheap gas and consumers’ seemingly insatiable desire for new metal. Ford CEO Mark Fields even dismissed concerns about China’s stock market by noting the carmaker still sold a record 1.1 million vehicles there last year. Among the show’s highlights: a sleek, new Fiat Chrysler minivan with sliding doors that open with a wave of the foot…
Macquarie forecasts 59-cent loonie in 2016 – CBC.ca
– news.google.ca
CBC.caMacquarie forecasts 59-cent loonie in 2016CBC.caA day after the loonie slipped below the 70-cent US level for the first time since 2003, a forecaster at investment bank Macquarie says he expects the loonie to lose another 10 cents to reach an all-time low of 59 cents by the end of 2016. David Doyle …Tanking loonie pinches Alberta consumersCalgary HeraldThe 'double jeopardy' of the oil-loonie shockThe Globe and MailOil briefly dips below US$30, Canada's dollar bobs above and below 70 cents U.S.TheChronicleHerald.caCTV News -Huffington Post Canada -570 Newsall 311 news articles »
Loonie, stock indexes lose strength after positive start; oil and gold up
– canadianbusiness.com
TORONTO – The weak Canadian dollar was again hovering near 70 cents US as North American stock markets edged lower Wednesday.
The Canadian dollar trading at 70.08 cents US, down 0.06 of a cent from Tuesday’s close after it fell briefly below 70 cents US for the first time in nearly 13 years before closing at 70.14 cents US.
North American stock markets began Wednesday’s trading session on a positive note but slipped into the red mid-morning.
The Toronto Stock Exchange’s S&P/TSX composite index was down 6.98 points at 12,366.92. On Tuesday, the index added 54.65 points, its first positive result since the Christmas break.
The Dow Jones average of 30 stocks was down 44.85 points at 16,471.37, the broader S&P 500 index was down 5.49 points at 1,933.19 and the Nasdaq dropped 15.22 points to 4,318.495. .
Major stock indexes in Asia mostly closed higher, except the Shanghai index which fell about 2.4 per cent. European markets remained mostly higher as the North American indexes turned negative…
The Canadian dollar trading at 70.08 cents US, down 0.06 of a cent from Tuesday’s close after it fell briefly below 70 cents US for the first time in nearly 13 years before closing at 70.14 cents US.
North American stock markets began Wednesday’s trading session on a positive note but slipped into the red mid-morning.
The Toronto Stock Exchange’s S&P/TSX composite index was down 6.98 points at 12,366.92. On Tuesday, the index added 54.65 points, its first positive result since the Christmas break.
The Dow Jones average of 30 stocks was down 44.85 points at 16,471.37, the broader S&P 500 index was down 5.49 points at 1,933.19 and the Nasdaq dropped 15.22 points to 4,318.495. .
Major stock indexes in Asia mostly closed higher, except the Shanghai index which fell about 2.4 per cent. European markets remained mostly higher as the North American indexes turned negative…
Realtor Royal LePage says it expects the national real estate market to slow this year due to eroding affordability in Toronto and Vancouver and the fallout from declining oil prices in Western Canada.
