Equities had a good bounce today: U.S. stocks rallied sharply Thursday as a rebound in oil prices allowed the main indexes to claw back much of the steep fall seen in the previous session. Gains …
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January 13, 2016
The low dollar is attracting some notice: On Tuesday, the Canadian dollar, commonly known as the loonie, broke below 70 U.S. cents for the first time since May 1, 2003. For America’s northern neighbor, which …
January 12, 2016
The big news of the day was the diving of the loonie: The currency fell as much as 0.6 percent to 69.90 U.S. cents Tuesday in Toronto,, the first time it touched that level since …
VNR.PR.A: S&P Slashes Rating, Gets Fired
Standard & Poor’s has announced: •Standard & Poor’s Ratings Services published its “Methodology For Companies With Noncontrolling Equity Interests” criteria Jan. 5, 2016. •We are removing all ratings on Valener Inc. from “under criteria observation” …
January 11, 2016
While preparing PrefLetter I came across this interesting chart, from a presentation by BoC Deputy Governor Lynn Patterson: Click for Big Speaking of the BoC, the Business Outlook Survey is spreading gloom: The quarterly survey …
January 8, 2016
Jobs, jobs, jobs! Employers in December added 292,000 workers, exceeding the highest estimate in a Bloomberg survey, and payrolls for the previous two months were revised higher, a Labor Department report showed on Friday. The …
January 7, 2016
Here’s to the new feds, just like the old feds: If you closed your eyes, you could almost imagine Stephen Harper is still prime minister. Progressive voters who hoped Justin Trudeau would abruptly shift the …
January 6, 2016
Well, it was a pretty lousy day for equities: Global equities capped their worst start to a year since 2000, with the Dow Jones Industrial Average sliding more than 250 points, as China unexpectedly weakening …
January 5, 2016
Nothing happened today, although at time of writing Asian markets are getting hit again: Asian stocks slumped along with U.S. index futures after China weakened the yuan, underscoring concern the world’s second-largest economy is struggling. …
January 4, 2016
For many, the new year started with a hangover: As losses snowballed in U.S. stocks around midday, the best thing U.S. bulls had to say about the worst start to a year since 2001 was …