Gold’s Shine Is Rather Dull Under COVID-19
04/29/2020 10:54 AMGold flew too close to the sun and got its wings singed, and now profit takers are going to punish it. But while the likes of Steve Forbes (of Forbes media fame) insists that gold is going to remain our go-to safe haven in a time of coronavirus, no matter how hard...
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Traders Are Betting Big On An Oil Price Rebound
04/29/2020 9:34 AMGlobal oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI contracts, Reuters’ John Kemp said Monday. At the equivalent of 122 million barrels, the amount of crude futures purchased...
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Gold prices sees little reaction after U.S. Q1 GDP falls 4.8%
04/29/2020 7:04 AMDespite some optimism at the start of the year, the U.S. economy saw weaker than expected economic activity in the first quarter of 2020 as the global economy was turned upside down to the COVID-19 Pandemic Wednesday the first reading of U.S. Gross Domestic Product...
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Former NDP Premier Wonders About the Liberal Bias at the CBC
04/29/2020 6:44 AMWe didn't think anyone was left to wonder but it's hardly surprising given the massive increase in taxpayer funding under the...
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The “costliest claim ever”
04/28/2020 3:17 PMThe challenge is huge for insurance companies. The COVID-19 pandemic will be "the most costly event in history for the insurance industry" and represents "without a doubt the greatest challenge our industry has ever faced," says the director. General of Lloyd's of...
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Economy in Banff has ‘collapsed’ as COVID-19 wipes out tourism industry
04/28/2020 3:09 PMIn the nearly six weeks since declaring a state of local emergency and shuttering all non-essential businesses, the economy in Banff has been at a standstill. Normally, tourists would be flocking in droves to the mountain destination — at this time last year, the...
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My Big Test As To Whether Government Is Serious about The Economic Challenge Facing Us
04/28/2020 6:57 AMThere is one thing our provincial leaders can do to add between $50 and $100 billion in economic growth - and it won't cost them (or you) a...
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A Deep Dive On Coronavirus Vaccine Plays Moderna, Inovio
04/27/2020 10:24 AMAmong the six coronavirus vaccine candidates that have entered human trials, two belong to publicly listed U.S. companies: Moderna Inc and Inovio Pharmaceuticals Inc Both stocks have rallied in reaction to updates on R&D and funding. Moderna is up about 143%...
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South Korea Has Run Out Of Oil Storage
04/27/2020 10:20 AMSouth Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Monday, as available storage capacity everywhere in the world in shrinking fast amid...
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