Having tasted cheap liquidity in December, the now-not-so-shy European banks are champing at the bit to grab twice as much of the ECB’s second emergency funding supply on February 29.
The average retail investor is notorious for trying to time the market—and for doing a remarkably poor job at it. Rather than wait for incontrovertible evidence of a bull market, your clients should probably be getting back into risk assets now.
The sovereign debt crisis in Europe has rattled global markets and while there is no serious threat of contagion to Canada, the impact is certainly being felt here, says Jeremy Rudin, assistant deputy minister, financial sector policy branch, department of finance, Canada.
The world will continue to lurch from one crisis to another until policymakers in the eurozone start to put their heads together, rather than locking their horns, over its sovereign debt crisis.
U.S. earnings season kicked into high gear last week, and with many of the U.S. investment banks reporting weak results, Wall Street is wondering if this is a temporary slump or if they will soon get back to their high flying days.
The year 2011 was characterized by a string of bad news from the Eurozone. The crisis, now in its third year, has grown worse as policymakers continue to try to contain the floodwaters with pitchforks.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1% cent. The Bank Rate is correspondingly 1.25% and the deposit rate is .75%. The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign […]
On Friday, Standard & Poor’s grabbed the economic and political world’s attention by downgrading the long-term sovereign debt of France. Not only has France lost its AAA rating, but it has also been given a “negative” outlook; a similar fate befell Austria.
A radical overhaul may be in order for the state pensions of the world’s most developed countries. There is already talk of scaling back benefits, but to do this across the board would be tragic. A better approach would be to make all state-backed pensions means-tested, rather than universal.
While there is a prevailing sense of caution among Canada's big banks over the domestic real estate market, it's the situation in Europe that's keeping the CEOs awake at night.