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How to Maximize Your RESP
Here's what you need to know about maximizing the value of your RESP.
Another TSX Milestone - What Does It Mean?
Nearly 24 hours have passed since the final polls closed
Sun Rises, World Turns, Fed Maintains Low Rates and Quantitative Easing
Nearly 24 hours have passed since the final polls closed
Argentine Capital Control Extension
As you are probably aware, Argentine currency controls are still presenting obstacles for businesses who need to send money into or out of the country. Global market volatility is making this need more urgent for most investors, who need to act decisively in these uncertain times.
What's Going on With GameStop and Blackberry?
Nearly 24 hours have passed since the final polls closed
Market Climbs as Votes Are Counted in US
Nearly 24 hours have passed since the final polls closed
How Will the US Election Affect the Market?
Our continuing coverage of COVID-19's effect on global markets
Blue Chip Swap Spread Reaches 100%
This week, we noticed that the difference between the Blue Chip Swap rate and the "official" Argentine Peso/US Dollar exchange rate reached 100%.
US Federal Reserve Updates Longer-Run Goals and Strategy
Our continuing coverage of COVID-19's effect on global markets
What Long Term Quantitative Easing Means for Your Portfolio
Our continuing coverage of COVID-19's effect on global markets
Price of Gold Reaches All-Time Highs
Gold reached US$1900/oz in the last few days and is closing in on an important milestone: US$2000/oz. Should it break through that barrier, it could be on track to run significantly higher.
Banks Add Almost $300B in Cash
The cash position of Canada's domestic banks, which typically grows at a few percent a year as the carefully tuned balance sheets of banks keep up with economic growth, almost doubled in the first few months of 2020, growing from $310 billion at the end of 2019 to $604 billion at the end of April.
S&P 500 Opens Above 3,000
Today's trading was positive, with the Dow Jones Industrial Average gaining almost 2% from its previous close, and the S&P TSX Composite gaining 0.5%. The big news, however, was the S&P 500 opening above 3000 and closing at 3036.25.
13% Canadian Unemployment, Insolvencies, Dividend Cuts
This week's trading was broadly positive, with most major indexes consolidating the rapid gains they made after the March 23rd lows. The Dow Jones Industrial Average is over 24,000, and the S&P 500 has actually gained over the last year.
Oil Rallies Above $30/Barrel
Today's trading continued the broadly unspectacular but positive gains we've seen over the past couple weeks. The S&P/TSX Composite Index closed up 0.5%, the Dow Jones Industrial Average closed up 0.6%, and the S&P 500 closed up 0.9%.
Market Down, Oil Up, Shell Cuts Dividends
After a string of positive days, today global equity markets stepped back. The S&P 500 fell 0.9%, the Dow Jones Industrial Index fell 1.2%, and the S&P/TSX Composite fell 2.9%.
Oil Down 20%; DOW Over 24,000
Today's trading continued last weeks light gains, with the Dow Jones Industrial Average closing above 24,000 for the second time since March 10th. Volatility in WTI oil continued apace, as the price of June WTI contracts declined more than 20%, but Brent Crude closed down 6.3%.
Who Does Well in a Recovery?
Today's trading lacked the sizzling action of previous weeks, although that's likely a welcome change. The Dow Jones Industrial Average closed up 1.1%, the S&P/TSX Composite gained 1.2%, and the price of oil (Brent crude, to be precise) added 2.4% after a wild week, closing down 22% from last Friday.