Don’t Panic, A Trump Presidency Isn’t as Bad as Believed

Don't Panic, A Trump Presidency Isn't as Bad as BelievedMarkets whipsawed wildly once it became clear that outsider Donald Trump had ascended to the Oval Office. For a brief moment, it appeared the cataclysm that many economists and analysts on Wall Street had been dreading had finally arisen. It was feared that Trump’s regressive policies on immigration, foreign aid, trade, and taxation would spark considerable volatility and eventually lead the U.S. into a recession. Nonetheless, after Trump addressed financial…

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Markets and Impacts from Terrorism

Markets and Impacts from TerrorismA wave of violence has been gripping the world for the past few months, including the most recent one in Nice, France on Bastille Day where 84 (and counting) had been killed from a lone truck driver whereby early reports are conflicted if ISIS was involved.  And then there was the killings in Orlando back in June that took 49 at the Pulse nightclub. And the incident at Istanbul’s airport…

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The Last Bulls Standing – Not Everyone is Urging Investors to Sell in May

The Last Bulls Standing - Not Everyone is Urging Investors to Sell in MayThis week’s investor groupthink came courtesy of the American investment banks, a number of which turned bearish on U.S. stocks at around the same time. From Goldman Sachs to Bank of America Merrill Lynch to Citigroup, analysts were making calls this week urging investors to sell in May and go away — maybe even go away for a while. All you had to do was look at the signals, they…

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The 10 Biggest Threats to the Global Economy Right Now

The 10 Biggest Threats to the Global Economy Right NowIn its latest World Economic Outlook, the International Monetary Fund (IMF) puts the chances of growth in global output falling below the recession threshold of 2% next year at just one in a hundred. Is this too sanguine a view? Global recessions are quite rare events, so if you had to put money on it, you’d go with the IMF. Even when one part of the world is in recession,…

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Why are so many of Canada Young People out of work?

Why are so many of Canada Young People out of work?Some may call them whiny and self-important, but when it comes to jobs, Generation Y’s sense of entitlement is partly the result of being pointed down career paths that have led them back to the same opportunities they had when they were teenagers. “I don’t expect vacations, shopping or extravagance in my life,” said Angie Robbins, a 27-year-old who has a bachelor’s degree in nursing. “I want to work, [but]…

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Bulls vs. Bears: Does the Economy Matter?

Bulls vs. Bears: Does the Economy Matter?I haven’t written a Bulls vs. Bears post in a while. Given the tremendous stock market run from the end of last year through the end of the first quarter of this year, it seems like a good time to assess the current position of the markets. I recently read two articles which, on the surface, appear to make inverse arguments. One article says that stocks are the place to…

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Gold Price Sets Record As Doubts of Recovery Grow

Gold Price Sets Record As Doubts of Recovery GrowGold prices soared to new highs Friday, gaining as much as $59.40 US, or 3.3 per cent, to $1,881.40 US an ounce. Bullion for December delivery later gave up a large part of that, but still closed up $30.20 on the New York Mercantile Exchange at $1,852.20. The metal was headed for its seventh consecutive week of gains, the longest string of advances in almost four and half years. Investors…

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Economy Shrank in May

Economy Shrank in MayThe economy shrank by 0.3 per cent in May, the second consecutive monthly decline, with slumps in mining, and oil and gas production leading the downturn, according to a report by Statistics Canada. The agency says the shrinkage comes on the heels of a stagnant April. The last rise in the real gross domestic product was the 0.3 per cent increase recorded in March. Mining, oil and gas extraction, manufacturing…

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Jobs Recovery Hides Underlying Weakness

Jobs Recovery Hides Underlying WeaknessCanada’s economy has done a good job of recouping all the jobs lost during the recession — just not as good as the numbers suggest, a new TD Bank report concludes. The analysis, which comes a day before Friday’s data for December closes the books on 2010, notes that given the modest expectations, it was a strong year for job growth in Canada. Dating back to July 2009, when the…

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Recession May Have Ended But Economy Still in Hole

Recession May Have Ended But Economy Still in HoleTwo years removed from what many feared would be the total collapse of the world economic and financial systems, Canadians may be forgiven for asking — “What was the big deal?” The most severe global recession in six decades fizzled into a run-of-the mill slump in Canada lasting three quarters and costing just over 400,000 jobs, a mere 2.4 per cent of the labour force. And as the second anniversary…

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