Financial stress is taking a physical toll on young Canadians, survey finds
09/28/2021 10:44 AMFor the past several years, the strain of financial stress has left Safiya Mayers with depression, anxiety, fatigue, aching muscles, weight fluctuations and chest pains. The 25-year-old facilities coordinator in Toronto said she experienced considerable stress paying...
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Housing-market risk jumps to high in Canada government rating
09/28/2021 10:36 AMCanada’s housing agency said the country is now at high risk of a sharp correction in home valuations as the continued appreciation in prices becomes unmoored from economic fundamentals. The Canada Mortgage and Housing Corp. raised its market risk assessment to high...
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Trading Desk Notes For September 25th, 2021
09/27/2021 2:24 PMEvergrande Monday The Dow Jones futures contract dropped >1,300 points from last Friday’s highs to Monday’s lows and then rallied back > 1,300 points to Thursday’s highs – a ~2,600 point round trip in five trading sessions. Here’s my take: The leading stock indices...
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Ethereum developer pleads guilty for conspiracy to violate sanctions laws
09/27/2021 11:54 AMEthereum developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law. On Monday, Griffith pleaded guilty in New York to conspiring to violate the International Emergency Economic Powers...
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Big Fat Idea – Shifting Away from Bonds
09/27/2021 10:54 AMMany investors are fearing a crash. Stocks are at record highs. Inflation is on the rise. More COVID waves and variants. Supply chain issues. An increasingly chaotic political environment under the Biden & Trudeau administrations. Etc. Etc. Etc. But the real risk is...
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Global oil demand seen reaching pre-pandemic levels by early 2022
09/27/2021 10:31 AMGlobal fuel demand is expected to reach pre-pandemic levels by early next year as the economy shrugs off pandemic woes, but spare refining capacity is likely to weigh on outlook, oil producers and traders said on Monday. While a persistent rise in COVID-19 infections...
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The Legend of the $1 Trillion Platinum Coin
09/27/2021 10:04 AMYou may have heard that a deadline to suspend the debt ceiling is rapidly approaching, and if lawmakers don’t do anything it could lead to “economic catastrophe,” in the words of Treasury Secretary Janet Yellen. But what if we told you there was a solution to the debt...
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Boris Johnson ‘considering use of British Army’ to drive fuel trucks as pumps run dry
09/27/2021 9:57 AMThe British government is said to be considering whether to call in soldiers to deliver fuel to petrol stations as pumps ran dry after days of panic buying. Emergency measures were triggered on Sunday evening, with Business Secretary Kwasi Kwarteng choosing to suspend...
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Quote of the Week & Shocking Stat
09/26/2021 1:32 PMQuote of the Week Nobel Laureate Bertrand Russell on the danger of faux certainty in the absence of evidence. Shocking Stat Poll results say post election we're more divided than ever but the damage is more profound than...
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Mike’s Comment – Sept 25
09/26/2021 1:23 PMSame old politics - just as nasty along with the free lunch express - but the question is, would we have it any other...
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