Canadian banks had a decent fourth quarter for a few reasons.
Market activity should slow dramatically as Americans will spend most of Thursday watching NFL football and eating turkey.
If President Obama is re-elected, we don’t expect a material move in the markets.
You’ve been watching the U.S. Presidential debates, and might be wondering how easy it will be for lawmakers to reduce the deficit.
This week will bring employment data, and hopefully, it'll be good news.
While it was no surprise that the Fed kept its federal funds rate between 0% and 0.25%, the Committee decided to extend its expectation for exceptionally low interest rates to at least mid-2015 (from late 2014).
If it weren’t for the Federal Reserve, nobody would know about the existence of the Jackson Hole Mountain Resort in Jackson, Wyoming. But since 2009, the market has focused its attention on this very small place in the hopes of hearing some very big monetary policy announcements.
Quantitative easing’s main purpose is to provide liquidity to the financial system. A system without liquidity, which we witnessed during the financial crisis of 2008, is one where lending dries up and business is harder to transact.
Some equity strategists predicted nothing but doom and gloom for the summer of 2012, but most markets globally have managed to post positive returns since the beginning of June.
With the Olympics in full swing, it’ll be nice to watch something positive come out of Europe for once.