Canadian Economy Continues To Soar

Canadian Economy Continues To SoarCanadians appear to be a vehicle-buying mood, according to July figures in the latest Global Auto Report from Scotia Economics. It says Canadian sales advanced to an annualized 1.65 million units last month, lifting volumes at several automakers to the highest July on record. It was the second monthly rebound in a row after a weak performance in May.  Read More…

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Loonie’s Strength To Invest In Eagle Market

Loonie's Strength To Invest In Eagle MarketI actually like what is going on in the markets right now as I believe there is a huge opportunity for us to make money over the long term. While many investors thing the stock market is sick, I’d say it is just another rough patch to ignore. The good side of things is that our Canadian dollar is still pretty strong (fluctuating between $0.95 and $1.00 US) and the…

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TSX drops on global growth concerns

TSX drops on global growth concernsToronto’s main stock index dropped on Monday to its lowest in nearly five months as energy, materials and financial issues receded on concerns about global economic growth. The broad-based decline came on thin trading on a day when U.S. markets were closed for the Independence Day holiday. Among the biggest decliners, Suncor Energy lost 0.9 percent to C$30.84, Royal Bank of Canada fell 0.9 percent to C$50.45 and Teck Resources…

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Canada’s economic recovery stalls in April

Canada's economic recovery stalls in AprilCanada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross domestic product was flat in the month after seven straight months of expansion and the fastest growth in a decade in the first quarter. The Canadian dollar sagged after the…

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Financial Bubble Still Here with Yet More to Unravel?

Financial Bubble Still Here with Yet More to Unravel?Is there such a thing as a secular financial bubble? Has the financial sector become bloated out of proportion to the economy over the last few decades and is there be a contraction in store, abrupt or prolonged, back to a smaller financial sector? Was the crisis of 2008 merely the start? I’m not sure of the answer but a couple of data points have stuck in my mind recently:…

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