'No Rhyme, No Reason': Markets Rebound But Analysts See Further Pullback As Global Recovery Stalls

in #marketlast month

'Safety is No. 1': College of Carpenters going extra mile to keep classes open during pandemic: Special to Financial Post


A shortage of skilled trades workers has long been a drag on the Canadian economy, but at least one trade school is doing everything in its power to ensure students are able to continue to learn and prepare to enter the workforce despite challenges posed by t…

'No rhyme, no reason': Markets rebound but analysts see further pullback as global recovery stalls: Colin McClelland


After a massive selloff on Monday, markets rebounded on Tuesday despite a likely delay in new fiscal stimulus by U.S. Congress and an increase in the number of coronavirus cases dampened hopes of a faster global economic recovery.

The S&P/TSX Comp…

'Home run': Ford, Unifor reach tentative agreement on new contract, electric-vehicle investment: Geoff Zochodne


Ford Motor Co. and Unifor have dodged a strike and reached a tentative agreement on a new labour contract, which the union says includes a commitment by the automaker to build electric vehicles in Canada with financial assistance from both the Ontario and fed…

Inter Pipeline selling oil storage terminals after petrochemical plant cost revision: Geoffrey Morgan


CALGARY – Inter Pipeline Ltd. is selling most of its European oil storage business for $715 million to pay for the growing cost of an under-construction petrochemical facility in Alberta.

Calgary-based Inter Pipeline surprised the market Tuesday b…

Wilkins' next job may be up in the air, but she's got plenty to do before leaving Bank of Canada: Kevin Carmichael


The Bank of Canada’s Carolyn Wilkins got to do something on July 13, 2016, that none of

the nine men who preceded her

in the role of senior deputy governor had ever done: play governor.

Wilkins, who had been elevated from th…

DBRS maintains Canada's AAA rating, but eyes throne speech for new spending plans: Colin McClelland


DBRS Morningstar confirmed its triple-A rating for Canada’s debt despite expectations of the country’s highest ever fiscal deficit, citing a strong recovery from the worst so far of the pandemic and a resilient housing market. The trend on the rating is stabl…

CERB is ending — can a modified EI support enough Canadians?: Victoria Wells


CIBC Deputy Chief Economist Benjamin Tal talks with the Financial Post’s Larysa Harapyn about what’s in store as Canada transitions from the CERB to an updated version of EI.

  • With CERB winding down, Ottawa starts tinkering with an engine …

    'This could spell a bit of trouble': What Rosenberg, Belski and other analysts think about Monday's market selloff: Colin McClelland


    Investors are faced with continued uncertainty after a global sell-off Monday and analysts say technical milestones may account for the declines and credit market buoyancy kept it from being worse. It doesn’t seem like a correction, they say.
    The S&P/TSX Co…

    With CERB winding down, Ottawa starts tinkering with an engine of the economic recovery: Geoff Zochodne


    If the federal government isn’t careful, its decision to wind down the Canada Emergency Response Benefit could deal a blow to people’s livelihoods and blunt the country’s economic rebound from the COVID-19-caused downturn.

    The $2,000-a-month CERB …

    TSX joins global seloff, but here's where BMO's Belski thinks you should park your funds: Colin McClelland


    Canadian stocks cratered on Monday, amid a wider global selloff as fears over renewed pandemic lockdowns in Europe joined with uncertainties over further U.S stimulus and a deeply contested election marked by the death of Supreme Court Justice Ruth Bader Gins…

    Loblaw to resume charging suppliers fines on light shipments even as second wave looms: Financial Post Staff


    Loblaw Cos. Ltd., the biggest grocer in Canada, is reinstating fines for light shipments after months of leniency for suppliers that couldn’t keep up with the panic buying and unprecedented demand for food during the pandemic’s first months, but a major trade…

    RBC online banking, trading inaccessible due to 'technical issues' - Financial Post: Reuters


    RBC online banking, trading inaccessible due to 'technical issues' Financial Post

    Toronto and Vancouver now joined by two more Canadian cities with 'overvalued' homes - Financial Post: Special to Financial Post


    1. Toronto and Vancouver now joined by two more Canadian cities with 'overvalued' homes Financial Post
    2. Housing market 'moderately' vulnerable amid potential overvaluation of homes: CMHC BNN
    3. Government of Canada to Rapidly Create New…

      The U.S. election is fast approaching, and it could have a huge impact on investor portfolios: Martin Pelletier


      As we approach the U.S. election in November, many are wondering if it’s worth undertaking some proactive repositioning when it comes to their portfolios.

      When looking at the

      previous 23 election years

      , markets have been po…

      Jim Pattison, Canada’s Warren Buffet, is eyeing more deals: Financial Post Staff


      Jim Pattison, who presides over an empire that operates in some 85 countries spanning an array of industries, says the Jim Pattison Group Inc. has never been in better shape to invest and is looking at opportunities like never before.

      • Whe…

        'Sweet spot': Ottawa struggles to balance 'green recovery' with oilpatch's hopes: Geoffrey Morgan


        Canada’s Natural Resources Minister Seamus O’Regan is a fan of the movie Fight Club and is living by at least one of its rules right now.

        “Throne Speeches are like Fight Club. It’s not something I could speak about even if I was privy to it,” O’Re…


        [news curation]@wakanda-forever



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