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Making sense of the markets this week: April 23, 2023 + MORE Apr 21st
All about Canadian investments. Learn the ins and outs and get the latest news.
Making sense of the markets this week: April 23, 2023 - moneysense.caThis week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
We’re moving i.... More »
HBC investors want debt reduction, payouts from real estate proceeds + MORE Nov 14th
Activist hedge fund wants Hudson’s Bay to sell or convert stores to alternate uses and transform itself into a real estate play
.... More »
Which savings plans should a 37-year-old with a military disability income contribute to, and when? Jul 28th
Q. I am 37 with a military disability income that will pay monthly until I die. Could you give your advice on which savings plans I should be investing in, and the order in which I should make my investments?
To date, I contribute to my and my spouse’s registered disability savings plan (RDSP), th.... More »
Canada’s best credit cards for grocery purchases 2023 + MORE Apr 24th
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Canada’s best credit cards for groceries
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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Will Justin Trudeau unveil a four-day work week in Canada? - National Post May 28th
Will Justin Trudeau unveil a four-day work week in Canada? National PostPM wants employers to re-hire, cites 'enormous financial pressure' being felt CTV NewsFormer Australian PM says he was 'disappointed' with Justin Trudeau in 2017 CBC NewsTrudeau, allies call for .... 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.
