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Latest News
Toronto real estate: 100,000 jobs at risk as new home sales drop to lowest level in 45 years Jan 22nd
The situation is “absolutely dire," according to a new report from the Building Industry and Land Development Association (BILD)..... More »
TSX weighed down by resource stocks, loonie remains above 82 cents US + MORE Sep 9th
TORONTO _ Canada’s main stock index is moderately lower this morning, weighed down by resource stocks.
The Toronto Stock Exchange’s S&P/TSX composite index declined 41.52 points to 14,983.01, after 90 minutes of trading.
In New York, the Dow Jones industrial average climbed 46.53 poi.... More »
Caring for aging parents in Canada: Financial challenges and strategies for relief Apr 12th
Did you know that 1.8 million Canadians are “sandwiched” between multiple care responsibilities, including looking after their children and aging parents? This shift in caregiving responsibilities from parent to child (especially while having kids of your own) can have significant financial.... More »
How to invest if you think Donald Trump will be bad for the U.S. economy + MORE Jan 18th
(Scott Olson/Getty)
The Dow Jones Industrial Average rose about 8% between the day Donald Trump was elected and the day of his swearing-in as president of the United States. Is the “Trump Bump” sustainable? Here’s the case for the Trump Bears; check out the Bullish scenario too.
Count Aid.... More »
Joe Biden planning to cancel Keystone XL permit on Day 1: transition documents - National Post + MORE Jan 18th
Joe Biden planning to cancel Keystone XL permit on Day 1: transition documents National PostBiden indicates plans to cancel Keystone XL pipeline permit on 1st day in office, sources confirm CBC.caBiden plans to block Keystone XL pipeline with day 1 order, documents show &n.... More »
China gives pension funds access to stock market
– theglobeandmail.com
Funds will be able to invest up to 30 per cent of their net assets in Chinese stocks, equity funds and balanced funds
What to do now the markets are blowing up
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Ben Graham, legendary investor, financial hero of Warren Buffett
I can appreciate these are trying times if you’re following the stock market, including watching your portfolio. World stock markets are blowing up.
There is slowing economic growth in China.
Crude oil prices continue their meltdown. U.S. oil prices traded below $40 a barrel recently for the first time since the 2009 financial crisis. Many Canadian energy producers have cut their dividends to shareholders. More dividend cuts or suspensions are likely coming in the months ahead.
Our TSX index fell almost 6% over the last week.
The S&P 500 suffered its biggest daily percentage drop in nearly four years – this index is also down close to 6% over the same one-week period.
The bull run is probably dead and the bear is growling…
Egyptian stock market continues decline, falls to lowest level in almost 2 years as hype fades
– canadianbusiness.com
CAIRO – Egypt’s stock market fell to its lowest level in almost two years on Sunday, as global markets sag and investors sober up from a buying binge surrounding a much-hyped economic conference last spring, analysts said.
The main EGX 30 stock index kicked off the trading week by closing at 6784.09, its lowest level since December 2013. The 5.43-per cent drop came after a steady fall last week, and as other Middle Eastern markets also tumbled, and it follows an overall global slowdown. Dubai’s stock market closed nearly seven per cent lower after a further slide in oil prices.
“It’s a global sell-off; there’s lack of foreign investments, given the macro-economic headwinds,” said Amr Elalfy, global head of research at Mubasher Financial Services. “But there were also great hopes and expectations surrounding the economic development conference last March, but people are realizing now that most of them have not yet materialized and that these reforms take time…
The main EGX 30 stock index kicked off the trading week by closing at 6784.09, its lowest level since December 2013. The 5.43-per cent drop came after a steady fall last week, and as other Middle Eastern markets also tumbled, and it follows an overall global slowdown. Dubai’s stock market closed nearly seven per cent lower after a further slide in oil prices.
“It’s a global sell-off; there’s lack of foreign investments, given the macro-economic headwinds,” said Amr Elalfy, global head of research at Mubasher Financial Services. “But there were also great hopes and expectations surrounding the economic development conference last March, but people are realizing now that most of them have not yet materialized and that these reforms take time…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.
Housing: The Canada Mortgage and Housing Corp. releases its 2015 second-quarter financial report on Monday. In its recent Q2 house price analysis, the federal agency warned that Toronto, Regina and Winnipeg are at “high risk” of a housing correction.
Banks: Canada’s big banks report their third-quarter earnings throughout the week, starting with the Bank of Montreal on Tuesday and ending with Scotiabank on Friday. The ongoing oil price plummet and a spate of bleak economic indicators in the first half of the year have sparked renewed concerns about the health of the banks.
Housing: Bank of Canada deputy governor Lawrence Schembri is in Kingston, Ont…
Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.
Housing: The Canada Mortgage and Housing Corp. releases its 2015 second-quarter financial report on Monday. In its recent Q2 house price analysis, the federal agency warned that Toronto, Regina and Winnipeg are at “high risk” of a housing correction.
Banks: Canada’s big banks report their third-quarter earnings throughout the week, starting with the Bank of Montreal on Tuesday and ending with Scotiabank on Friday. The ongoing oil price plummet and a spate of bleak economic indicators in the first half of the year have sparked renewed concerns about the health of the banks.
Housing: Bank of Canada deputy governor Lawrence Schembri is in Kingston, Ont…
Canada’s big six banks will be reporting third quarter earnings this week. But a weak economy, falling loonie and — most importantly for Alberta — continued low oil prices have all the ingredients of a perfect storm.
