These are the 3 main drivers behind bitcoin’s 35% rally over the past week, according to JPMorgan
10/07/2021 10:48 AMBitcoin has staged an epic rally since its lows near $40,000 in late September, surging almost 35% and easily passing by key technical resistance levels. Driving bitcoin's surge past a $1 trillion market valuation are are range of factors, including increased appetite...
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Recession ‘virtually guaranteed’ amid energy squeeze: David Rosenberg
10/07/2021 10:22 AMDavid Rosenberg said its growing increasingly likely Canada will fall into a period of recession in the near-term as the headwinds against the economy continue to stack up. “Compounding all the other issues on the supply side globally is this energy squeeze we’re...
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Vancouver’s war on car owners set to shift into overdrive in 2022
10/06/2021 12:11 PMThe City of Vancouver’s incessant guerilla assault on car and truck owners has taken on many shapes over the years. But 2022 offers the prospect of an inflection point, from a period of annoyance to one of absurdity. A proposal before the city’s council this week...
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Schachter’s Eye On Energy – October 6th
10/06/2021 10:47 AMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Conference Board CUTS Canada Growth Forecast
10/06/2021 10:17 AMThe Conference Board of Canada released its two-year economic outlook and forecasts that Canada’s real gross domestic product (GDP) will grow 5.1 per cent in 2021. Our projection for the year is down from previous estimates largely because the Canadian economy...
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Canada imposes vaccine mandate on federal workers, transportation
10/06/2021 10:01 AMCanada will place unvaccinated federal employees on unpaid leave and require COVID-19 shots for air, train and ship passengers, Prime Minister Justin Trudeau said on Wednesday as he unveiled one of the world's strictest vaccine mandate policies. Federal employees will...
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Canada invokes 1977 pipeline treaty with U.S. over Line 5 dispute
10/05/2021 11:28 AMCanada on Monday invoked a 1977 treaty with the United States to trigger bilateral negotiations over Enbridge Inc's Line 5, escalating a long-running dispute over one of Canada's major oil export pipelines. Line 5 ships 540,000 barrels per day of crude and refined...
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East Vancouver home sells $500,000 over asking price and increases in value almost 10 times since 1996
10/05/2021 11:20 AMIn April 2021, TD chief economist Beata Caranci wrote a paper with an interesting title. It’s called “Canada’s Housing Market and The Big Bang Theory: Occam’s Razor and Schrodinger’s Cat”. In the paper, Caranci makes a number of observations, and one of these is that...
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Canadian trade surplus jumped in August, powered by energy
10/05/2021 10:54 AMCanada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports. The country’s merchandise trade surplus was $1.94 billion (US$1.5 billion) from a revised $736 million surplus in July, Statistics Canada reported Tuesday in...
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Big Fat Idea – Copper!
10/04/2021 1:27 PMClaudia Tournquist of Kodiak Copper joins Mike to share the worldwide supply and demand challenges for copper, the long term bull market it has created, and how investors can take...
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