Canada and the Loonie Just Got Some Great News

Canada and the Loonie Just Got Some Great NewsIt looks like Canadian investors can enjoy a sigh of relief: the U.S. Federal Reserve signaled today that it wouldn’t raise rates. It also introduced an increasingly cautious approach by cutting the number of rate increases expected in 2017 and 2018. The long-run interest rate forecast was also reset lower to 2.9% from 3%. Why is this such a big deal? The loonie has faced an onslaught of pressures in recent months and years.  Read…

Read More >>

TSX, Wall Street Rebound in Global Stock Rally as Oil Prices Surge

TSX, Wall Street Rebound in Global Stock Rally as Oil Prices SurgeNorth American stock markets rallied Friday to close a week of losses with big gains, propelled by a more than 12 per cent jump in crude oil prices. The March contract for crude oil shot up US$3.23 a barrel to US$29.44. Toronto Stock Exchange’s S&P/TSX composite index was up 293.87 points or 2.4 per cent at 12,381.24. In New York, the Dow Jones industrial average closed up 313.66 points at…

Read More >>

Oil Price Forecasters Adjust to a New Market Reality

Oil Price Forecasters Adjust to a New Market RealityAs recently as a couple of months ago, few in Alberta would have predicted that the biggest blow to their oil-driven prosperity since the global financial downturn would come via a shakedown by Saudi Arabia. The most popular assumptions about the big risks would have been: lack of market access, competition from U.S. shale production, green campaigns against the oilsands, policy initiatives related to climate change and investment scarcity because…

Read More >>