It 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%. WhyContinue Reading
North 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 293.87Continue Reading
As 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,Continue Reading