US stocks are likely to tumble another 20% over the next six months, Greg Jensen said. The Bridgewater co-chief investor is bracing for a much worse recession than markets expect. Stocks could bottom in the early summer, and the economy might hit a trough in early 2024, he said. Loading Something is loading. Thanks for… Continue reading Ray Dalio’s Bridgewater protégé warns stocks could plunge another 20% – and markets aren’t pricing in the painful recession ahead
US stocks surge after solid jobs report and speculation of China emerging from lockdowns
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks surged on Friday after a solid jobs report showed nonfarm payrolls jumping 261,000 in October.The unemployment rate rose to 3.7%, but the jobs report was likely not weak enough to change the Fed’s interest rate hike plans.Stocks were also higher after speculation grew that China would emerge… Continue reading US stocks surge after solid jobs report and speculation of China emerging from lockdowns
Alibaba leaps 10% as US-listed Chinese stocks rally on further speculation Beijing is set to reopen its economy after strict lockdown measures
Alibaba and other US-listed Chinese stocks jumped Friday after reports sparked further speculation China is moving toward reopening its economy. A former top disease control official in China said the country will make “substantial” changes to its zero-COVID policy in the coming months, Reuters reported. Nio and China-related ETFs were among the gainers in Friday’s… Continue reading Alibaba leaps 10% as US-listed Chinese stocks rally on further speculation Beijing is set to reopen its economy after strict lockdown measures
David Rosenberg: Fed pulls the old bait and switch and investors are left kicking air
Jerome Powell is Lucy, and the rest of us are Charlie Brown U.S. Federal Reserve chair Jerome Powell at a press conference Wednesday. Photo by Elizabeth Frantz/Reuters files Well, the United States Federal Reserve on Wednesday did two pivots separated an hour apart. The central bank tells us it is mindful of the policy lags,… Continue reading David Rosenberg: Fed pulls the old bait and switch and investors are left kicking air
CRA says T4 slips insufficient evidence of income for CRB eligibility and judge agrees
Jamie Golombek: Acceptable proof consists of pay slips, employment verification letters, ROE, bank statements and other documentation The government continues to audit taxpayers who received COVID-19-related benefits. Photo by Peter J. Thompson/National Post As the government continues to audit taxpayers who received COVID-19-related benefits under the various relief programs offered during the pandemic, a recurring… Continue reading CRA says T4 slips insufficient evidence of income for CRB eligibility and judge agrees
Aggressive Bank of Canada rate hikes could add more strain on Ottawa’s debt servicing
‘It’s a bit of a perfect storm for a weaker fiscal forecast’ Publishing date: Nov 02, 2022 • 6 hours ago • 5 minute read • 22 Comments Finance Minister Chrystia Freeland in Edmonton, on Oct. 20. Photo by David Bloom/Postmedia When Finance Minister Chrystia Freeland delivered the 2022 federal budget in April, the Bank of… Continue reading Aggressive Bank of Canada rate hikes could add more strain on Ottawa’s debt servicing
Fed delivers big rate hike, signals possible smaller increases ahead
Aggressive campaign to curb inflation could be approaching its final phase Author of the article: Bloomberg News Jonnelle Marte Publishing date: Nov 02, 2022 • 23 hours ago • 3 minute read • 5 Comments U.S. Federal Reserve chair Jerome Powell. Photo by Saul Loeb/AFP via Getty Images United States Federal Reserve officials delivered their fourth… Continue reading Fed delivers big rate hike, signals possible smaller increases ahead
Canada boosts immigration targets to record amid labour crunch
Plans to welcome a record 500,000 new permanent residents in 2025 Author of the article: Reuters Julie Gordon and Anna Mehler Paperny Publishing date: Nov 01, 2022 • 2 days ago • 2 minute read • 7 Comments Canada is struggling with an acute shortage of workers. Photo by Olivier Douliery/AFP via Getty Images OTTAWA —… Continue reading Canada boosts immigration targets to record amid labour crunch
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