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How the best balanced funds are riding the bear market Mar 10th
Investors have been taken on a wild ride in recent months. The Canadian stock market fell by more that 20% from its all-time high and well into bear market territory early this year. While it clawed back a bit since then, the market remains depressed.
But the big downturn in Canadian stocks didnR.... More »
Egypt’s central bank weakens the pound at an auction, second devaluation this week + MORE Oct 18th
CAIRO – Egypt’s central bank says it has weakened the value of the Egyptian pound against the dollar, its second devaluation this week.
The bank said in a statement that it weakened the pound at an auction on Sunday, dropping the value from 7.83 to 7.93 pounds per dollar.
The central ban.... More »
5 things to know before the stock market opens Thursday - CNBC Oct 19th
5 things to know before the stock market opens Thursday CNBCThe close: Stocks sharply lower as bond yields rise again, investors assess earnings The Globe and MailStocks Close Lower on Heightened Geopolitical Risks and Soaring Bond Yields BarchartWhy Are Stocks Down .... More »
Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck - CNBC Dec 12th
Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck CNBCDow futures slip, CPI and Fed meeting in focus By Investing.com Investing.comCNN Fear & Greed Index In 'Neutral' Zone After Dow Tumbles 300 Points - Blue Bird (NASDAQ:BLBD), Coupa .... More »
Barclays, execs in U.K. court over fraud allegations + MORE Jul 3rd
Barclays and four of its former executives, including the ex-CEO, appeared in court in Britain on Monday on charges of conspiracy to commit fraud connected with efforts to raise funds from Qatar and avoid a bailout during the 2008 financial crisis..... More »
Buying In An Overvalued Real Estate Market?
– IntelligentSpeculator.net
It’s not the first time that I hear about the Canadian housing market being overvalued. Deutsche Bank came up with a simple yet powerful way to determine if prices were overvalued or not. How?They use 2 key metrics:
-Home price/rent (vs historical average): In theory, the ratio between buying and renting price. Why? Because it does not make sense for prices to increase much more rapidly than rent, that has proven to be unsustainable.
-Home price/income (vs historical average): If income is rising by X%, real estate prices should increase by more or less that % as well. If not, it would generally mean that the population is using more debt to afford the expense which is obviously not sustainable.
So the economists looked at metrics for the 2 by country and used the average between the 2. The result?
Canada which is very frequently in the discussions of the most overpriced real estate (with Australia) is on the very top of this list.
That is more source of concern for me as I continue to look into buying real estate…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
The Bay has named former Saks executive Donald Watros to take over the job as president starting in February.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-10-17. Click on the link above to get more details or apply online.
