Silicon Valley Bank’s implosion isn’t a canary in the coal mine, said RBC analyst Gerard Cassidy. Contagion is unlikely to spill over, since SVB was unique in its exposure to bonds, he told CNBC. SVB also held a low ratio of small customer deposits, meaning its funding is more sensitive to rates. Loading Something is… Continue reading Silicon Valley Bank’s implosion isn’t a canary in the coal mine and won’t result in contagion, RBC analyst says
Silicon Valley Bank has been shut by the FDIC
Regulators shut down Silicon Valley Bank, putting it into FDIC receivership. Trading was halted for the bank prior to the announcement. “At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.” Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Silicon Valley Bank has been shut by the FDIC
Kevin Carmichael: 3 things Carolyn Rogers told us about how Bank of Canada is thinking about the economy
Senior deputy governor provides some subtle context to whether policymakers will have to resume rate hikes Bank of Canada senior deputy governor Carolyn Rogers. Photo by Gavin Young/Postmedia Bank of Canada senior deputy governor Carolyn Rogers followed the central bank’s decision on March 8 to leave interest rates unchanged with a speech in Winnipeg that… Continue reading Kevin Carmichael: 3 things Carolyn Rogers told us about how Bank of Canada is thinking about the economy
Cathie Wood’s flagship Ark fund tops $300 million in fees as investors lose billions
Many investors may be nursing losses so large they are unwilling to withdraw their funds Author of the article: Financial Times Madison Darbyshire in New York Published Mar 09, 2023 • Last updated 12 hours ago • 3 minute read Join the conversation Cathie Wood speaks during an interview on CNBC on the floor of the… Continue reading Cathie Wood’s flagship Ark fund tops $300 million in fees as investors lose billions
Cocaine, Mongolian coal mines and the checkered path of a Vancouver-area penny stock
Adastra Labs has a Health Canada licence to possess, produce, package and sell cocaine, but not to anyone A safe supply of cocaine handed out to drug users in Vancouver’s Downtown Eastside, in 2021. Photo by Darryl Dyck/The Canadian Press With its mountains, beaches and movie-star good looks, Vancouver is a world-class urban jewel, despite… Continue reading Cocaine, Mongolian coal mines and the checkered path of a Vancouver-area penny stock
High interest rates mean you don’t want to be late if you pay income tax by instalments
Jamie Golombek: You could be hit with arrears interest at the highest rate we’ve seen in more than 15 years Ignoring the upcoming March 15 income tax instalment deadline will cost you a lot more thanks to higher interest rates. Photo by Getty Images/iStockphoto Beware the ides of March. Advertisement 2 This advertisement has not… Continue reading High interest rates mean you don’t want to be late if you pay income tax by instalments
Peter Hodson: 5 investor tactics and behaviours I wish I could figure out
Here are some of things I do not know, or at least don’t get, in the investment world these days If a professional investor is claiming cash as his top investment idea, he needs to try a little harder. Photo by Getty Images/iStockphoto One thing I love about the investment world is that you can… Continue reading Peter Hodson: 5 investor tactics and behaviours I wish I could figure out
Stock Market Today: Stocks Sink Ahead of February Jobs Report
Stocks opened higher Thursday after data from the Labor Department showed that weekly jobless claims rose last week. Earlier this week, Federal Reserve Chair Jerome Powell warned that the central bank is prepared to issue more rate hikes should economic data continue to come in strong. But the enthusiasm was short-lived, with the major benchmarks… Continue reading Stock Market Today: Stocks Sink Ahead of February Jobs Report
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