The plunge in tech and growth stocks is the “revenge of the old economy,” Goldman Sachs’ commodities said. Jeff Currie pointed to prior underinvestment in energy and industrials, which has led to supply issues that are fueling problems now. “All of the earnings coming out confirm this idea: the revenge of the old economy. Tech:… Continue reading The freefall in tech and other growth stocks shows Wall Street grappling with ‘the revenge of the old economy’, Goldman Sachs commodities chief says
Starbucks Offers Steady Growth: Financial Adviser
Independent financial adviser Mick Heyman has seen a lot of ups and downs in financial markets during his 40-plus years in the investment business. But his style hasn’t changed much from a conservative, long-term, diversification focus. Looking at investments now, he sees several bargains in the stock market following its decline this year. That includes… Continue reading Starbucks Offers Steady Growth: Financial Adviser
‘We’re not there yet’: Macklem signals more rate hikes as economists make bets on how high they’ll go
Most economists predict the end point of interest rate increases at a range of 4 to 4.25% Bank of Canada governor Tiff Macklem at a news conference in Ottawa, on Oct. 26. Photo by Patrick Doyle/Reuters The head of the Bank of Canada made it clear that the mission to bring soaring inflation to heel… Continue reading ‘We’re not there yet’: Macklem signals more rate hikes as economists make bets on how high they’ll go
Getting a head start on tax-loss selling? Keep these five things in mind
Jamie Golombek: Beware the ‘superficial loss’ rule, currency implications and more The U.S. dollar is up nearly nine per cent against the Canadian dollar in 2022, so if you purchased securities in U.S. dollars, the gain (or loss) may be larger (or smaller) than you anticipated. Photo by Paul Chiasson/The Canadian Press Equity markets are… Continue reading Getting a head start on tax-loss selling? Keep these five things in mind
Retail investors take shelter in cash after stock market rout
Almost US$140 billion has poured into money market funds as traders sit on the sidelines Author of the article: Financial Times Eric Platt, Madison Darbyshire and Kate Duguid in New York The U.S. Federal Reserve building in Washington, DC. Photo by Chris Wattie/Reuters files Retail investors are piling into cash after a brutal selloff in… Continue reading Retail investors take shelter in cash after stock market rout
Bank of Canada interest rate hike adds pressure to tight rental market
Sale prices down, rent going up Even with inflation decreasing from seven per cent in August and 7.6 per cent in July, rent is still increasing. Vancouver’s one-bedroom apartments averaged the highest in the nation at $2,590, representing a 0.6 per cent monthly increase in September and 20.2 per cent year-over-year. Toronto ranked second with… Continue reading Bank of Canada interest rate hike adds pressure to tight rental market
Bank of Canada swerves in ‘game of chicken’ with inflation
The half-point hike surprised markets Bank of Canada governor Tiff Macklem raised interest rates by 50 basis points to 3.75 per cent Wednesday. Photo by Justin Tang/Bloomberg Advertisement 2 This advertisement has not loaded yet, but your article continues below. We apologize, but this video has failed to load. The Bank of Canada surprised markets… Continue reading Bank of Canada swerves in ‘game of chicken’ with inflation
Biden Touts Lower Gas Prices. Will They Stay There?
On Tuesday, President Biden posted a tweet celebrating a two-week drop in the national average of the price of a gallon of gas. Gas prices have decreased for 2 weeks, and are down by more than $1.20 since their June peak.That’s saving American families with two cars about $130 per month on average. pic.twitter.com/TfCx7AoeFSOctober 25,… Continue reading Biden Touts Lower Gas Prices. Will They Stay There?
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