Market News Canada gains surprise 30,300 jobs in February, posts wider-than-expected trade deficit
03/06/2020 2:30 PMOTTAWA (Reuters) - Canada gained a higher-than-expected 30,300 net jobs in February while the unemployment rate rose to 5.6%, official data showed on Friday, but analysts said the data was unlikely to trigger a rethink at the Bank of Canada as it tries to shield the...
read more
COVID Crisis Update
03/06/2020 10:34 AMDr. James Thorne, a regular on MoneyTalks was kind enough to send us this report on the seriousness of the COVID 19 crisis and its emotional affects on the market. ~Ed. Over the past week, global stock markets experienced the most severe 5-day market correction in...
read more
Anglo American Platinum cuts view on plant closure
03/06/2020 9:56 AMAnglo American Platinum (Amplats) announced the temporary shutdown of the Anglo Converter Plant and declares “force majeur” following an explosion at its plant in South Africa. Anglo American is the world’s third largest producer of platinum (“Pt”) and palladium...
read more
Remember When They Told Us That Deficit Spending Didn’t Matter?
03/06/2020 7:08 AMThey were wrong - the excessive deficit spending in good times robs us of the financial ammunition we need to offset the negative economic impact of the novel corona virus, which leaves us with one bullet - lower interest rates. And that won't be near...
read more
Stock markets plunge on new coronavirus angst and U.S. election uncertainty
03/05/2020 3:27 PMTORONTO - North American stock markets were on edge again Thursday, plunging amid new concerns about the spreading of novel coronavirus and uncertainty over the upcoming U.S. presidential election. "There's clearly still a lot of uneasiness happening in the broader...
read more
Bank of Canada makes first rate cut since 2015
03/05/2020 12:30 PMOur friends over at Green Mortgage Team sent us this Op-Ed on how the recent BoC rate drop will affect you and mortgage rates in general. ~Ed Today, the Bank of Canada dropped the overnight lending rate by a whopping 0.5%. This is the first rate cut the Bank of...
read more
We’re So Rich
03/05/2020 7:23 AMSomebody should tell the BoC to stop worrying about the economic impact of COVID19. After all, when Teck walked away from Frontier and 7,000 jobs and tens of billions in gov revenue Canadians shrugged it off. We're so rich we can add $25 billion to federal debt in...
read more
The High Cost of Emotions
03/04/2020 9:05 AM"Don't panic" is the prudent advice when investment markets drop dramatically but somehow when it comes to issues like climate change we're surrounded by people telling us to do the opposite - after all, it's an...
read more
Why every investor should have a hedge strategy
03/03/2020 1:20 PMHedging is a useful practice that every investor should know about. It's a way to protect your portfolio, and protection is often just as important as portfolio appreciation. Even if you are a beginner, you can learn what hedging is and put it to work for you. The...
read more
Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point
03/03/2020 11:23 AMBecause “the coronavirus poses evolving risks to economic activity,” despite the “strong” fundamentals of the US economy, and despite stocks being off just 7.8% from all-time highs, the Fed’s FOMC announced during trading hours this morning, following the G-7...
read more
