Toronto stock index plunges on tumbling energy prices, loonie loses ground + MORE Nov 15th

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Should I draw down my RRSP before taking my pension? From time to time on this site I write about having “enough money” for us to retire on, or at least, to semi-retire on in the decades to come.  Determining our “enough number” would be easy if everything in life was fixed but things are…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Should I draw down my RRSP before taking my pension? is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.

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General Electric Co.’s stock plunge deepened as its top leaders failed to soothe shareholder concerns about the turnaround plan for the embattled icon of American business.

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The Shenzhen-based company has decided to ‘significantly’ accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment, spokesman says

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TORONTO _ Canada’s largest stock index nose-dived Tuesday while U.S. stocks slumped as the price of oil saw its biggest single-day drop since October.
The S&P/TSX composite index retreated 113.13 points to 15,913.13, with the energy sector leading the broad-based decline as the December crude contract fell US$1.06 to US$55.70 per barrel.
In New York, the Dow Jones industrial average was down 30.23 points to 23,409.47. The S&P 500 index edged back 5.97 points to 2,578.87 and the Nasdaq composite index lost 19.73 points to 6,737.87.
“We’re seeing continuing weakness in global markets. We’ve seen that all the major markets have kind of retreated from the highs that were set earlier in the month,” said Todd Mattina, chief economist and strategist at Mackenzie Investments.
“The decline in oil prices is really weighing on energy sectors in global markets, which of course is very important for the Canadian market.”
Mattina said a dovish report on Tuesday from the International Energy Agency has played a role in softening energy prices…

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