Man Group CEO Luke Ellis says equities have yet to bottom out. Ellis thinks a “significant number” of banks will close in the next two year, he said at the Bloomberg Invest conference. Depositors may take their money to larger institutions, he says, on fears regional banks won’t be bailed out. Loading Something is loading.… Continue reading The banking crisis is not over and more pain is coming for the stock market, CEO of the largest publicly-traded hedge fund says
The S&P 500 hasn’t been this dependent on just 2 stocks since 1978 as Apple and Microsoft become havens
The combined weighting of Apple and Microsoft in the S&P 500 has grown to about 13.3%. That’s the most that two stocks have dominated the index since 1978, the Wall Street Journal said. Shares of the tech giants have surged as investor seek safety amid the bank crisis. Loading Something is loading. Thanks for signing… Continue reading The S&P 500 hasn’t been this dependent on just 2 stocks since 1978 as Apple and Microsoft become havens
Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
Bank of America raised its price target for Nvidia, citing the firm’s dominant position in AI. The bank said the company has an opportunity to help accelerate the adoption of AI across many markets. Analysts said their view is echoed by some of the largest players in tech as they seek to expand in AI. … Continue reading Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
Quebec budget cuts income taxes, projects big drop in GDP growth
Tax cuts start this year and will save individual workers up to $814 a year Author of the article: Published Mar 21, 2023 • Last updated 9 hours ago • 1 minute read Quebec Finance Minister Eric Girard as he leaves a news conference on the eve of the budget in Quebec City. Photo by Jacques… Continue reading Quebec budget cuts income taxes, projects big drop in GDP growth
Federal minimum wage rising to $16.65 per hour on April 1
Up from $15.55 Author of the article: pdtechintegration automation account Canadian Press Published Mar 21, 2023 • 1 minute read The federal minimum hourly wage goes up on April 1. Photo by Chris Wattie/Reuters OTTAWA — The federal minimum wage is rising to $16.65 per hour on April 1, up from $15.55. Advertisement 2 This… Continue reading Federal minimum wage rising to $16.65 per hour on April 1
Getting divorced? Here’s how to prepare your finances and protect your assets
Divorce upends lifestyle, housing and financial goals, making process of separating finances onerous Published Mar 21, 2023 • 4 minute read Separating emotions from critical financial decisions can be difficult at the best of times, but is especially complicated when working through a divorce. Photo by Getty Images/iStockphoto More than 40 per cent of marriages… Continue reading Getting divorced? Here’s how to prepare your finances and protect your assets
Canada’s inflation rate slows more than expected
The deceleration is the largest since April 2020 Published Mar 21, 2023 • Last updated 14 hours ago • 2 minute read Canadian inflation in February was lower than expected. Photo by Peter J. Thompson/National Post OTTAWA — The annual pace of inflation cooled in February as it posted its largest deceleration since April 2020. Advertisement… Continue reading Canada’s inflation rate slows more than expected
Only 14.1% of directorships at TSX companies are minorities, study finds
Significantly lower than U.S. where 23.6% of directorships are held by non-white directors Published Mar 20, 2023 • Last updated 1 day ago • 3 minute read A sign board displays the TSX as women walk past the Richmond Adelaide Centre in the financial district in Toronto. Photo by Evan Buhler/THE CANADIAN PRESS files Racial and… Continue reading Only 14.1% of directorships at TSX companies are minorities, study finds
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