Ontario deficit forecast plunges to $2.2 billion from near-$20 billion as budget unveiled

Government reconfirms commitment to Ring of Fire, also aims to bolster economic growth with tax credits for manufacturers Published Mar 23, 2023  •  Last updated 2 days ago  •  3 minute read Premier Doug Ford’s government is now projecting a deficit of $2.2 billion in fiscal 2022-2023, down dramatically from Budget 2022’s expected near-$20 billion deficit.… Continue reading Ontario deficit forecast plunges to $2.2 billion from near-$20 billion as budget unveiled

David Rosenberg: Brace yourself, the Fed is signalling that a three-quarter recession will start in two weeks

Not just that, Jerome Powell’s preferred curve is saying the central bank will cut rates this year Published Mar 23, 2023  •  Last updated 2 days ago  •  5 minute read Federal Reserve Board Chair Jerome Powell answers questions at the news conference after the March 22 meeting. Photo by REUTERS/Leah Millis Stocks whipsawed in the… Continue reading David Rosenberg: Brace yourself, the Fed is signalling that a three-quarter recession will start in two weeks

5 burning questions investors have right now including the safety of their deposits

Are your Canadian bank deposits and brokerage accounts safe? Published Mar 23, 2023  •  Last updated 2 days ago  •  4 minute read Bank buildings in Toronto’s financial district. Photo by TIJANA MARTIN/THE CANADIAN PRESS FILES We here at 5i Research have answered more than 155,000 questions from investors over the past decade. Once every 18… Continue reading 5 burning questions investors have right now including the safety of their deposits

Stock Market Today: Stocks Brush Off Deutsche Bank Troubles

Stocks opened lower Friday as uncertainty in the financial sector kept investors on edge, with Deutsche Bank (DB (opens in new tab)) the latest lender to be thrust into the “potentially troubled” limelight. This sent its shares tumbling – and kept the broader market lower for most of the day, though the major indexes managed… Continue reading Stock Market Today: Stocks Brush Off Deutsche Bank Troubles

Delta-8 Restricted in Kentucky: This Week in Cannabis Investing

Delta-8 was handed another blow this week. Kentucky took meaningful steps to rein in the rampant unregulated growth of the Delta-8 market that has proliferated the Bluegrass State.  Delta-8 THC has grown in popularity across the U.S. since the passage of the 2018 Farm Bill, which legalized hemp production and products. A national leader in… Continue reading Delta-8 Restricted in Kentucky: This Week in Cannabis Investing

Best Defensive Stocks to Buy Now

Benjamin Graham, who is widely known as “the father of value investing,” argued that defensive stocks should be moderately priced, have a good record of paying dividends and be conservatively financed. This is what long-term value investors are looking for now. Given the volatility in the financial sector and with rising interest rates, investors are… Continue reading Best Defensive Stocks to Buy Now

Meet Peter Tuchman, the most photographed stock trader on Wall Street

Peter Tuchman, one of the most recognizable stock brokers on Wall Street, has been at the NYSE for over 37 years. Although he’s known for his commentary on the markets, Tuchman previously owned a jazz record store in New York. In the 1980s, Tuchman also worked as an accountant at a Norwegian oil company in… Continue reading Meet Peter Tuchman, the most photographed stock trader on Wall Street

Commercial real estate is the next shoe to drop for regional banks and the stock market

Commercial real estate is probably the next pain point for regional banks and the stock market, according to BofA.The bank noted that US regional banks account for 68% of all commercial real estate loans.A combination of low occupancy and a wave of refinancing at higher interest rates could spell trouble for banks, stocks, and the… Continue reading Commercial real estate is the next shoe to drop for regional banks and the stock market