The U.S. has been ramping up shale gas production over the past 10 or so years. It began to achieve scale in 2006 when a multitude of shale plays began production. That year, the U.S. was producing less than 3 billion cubic feet of gas per day (Bcf/d); now they generate over 26 Bcf/d, according to the Energy Information Administration.
Analysts are still debating when the Fed will start tapering, and they’re split into two camps.
The media just can’t get enough of smartphone makers recently. This past week was no exception, for two completely different reasons.
With many of the world’s central banks already making interest rate announcements earlier this month, it will now be the turn of the Federal Reserve’s Federal Open Markets Committee, which will meet next Tuesday and Wednesday and make an interest rate announcement on Wednesday afternoon.
Rising oil and gold prices have topped the news headlines over the past few weeks thanks to political instability in the Middle East. The situation in Syria has pushed oil prices higher of late, not because Syria is a large oil producer but because of the possibility that influential producers, such as Iran, could be dragged into the conflict if the United States launches a punitive strike.
France attracted the most tourists in 2012, but only managed to generate approximately $53.7 billion from those tourists.
Last week, the S&P/TSX managed to outperform its U.S. counterparts.
Although the loonie bounced back this week, it still trades at a low level relative to where it’s been for the past three years. Is the most recent decline a sign that the Canadian dollar is at the beginning of a longer-term drop against its U.S. counterpart?
It was a tumultuous week for the markets, thanks in large part to an announcement out of the Federal Reserve.
Canadian banks reported their earnings at the end of May and stock prices have essentially declined since then. Should investors be concerned about their bank holdings?