Money Sense

[Anonymous]

The Dow added 829 points to close at 27,110. The TSX was up 326 points to close at 15,854. WTI Oil was up $1.56 to close at $38.97. The CDN $ now sits at 74.47.

[Anonymous]

The Dow added 829 points to close at 27,110. The TSX was up 326 points to close at 15,854. WTI Oil was up $1.56 to close at $38.97. The CDN $ now sits at 74.47.

Our investments are better off now than they were in December..



That is because we continued to invest during the lock downs.

[Anonymous]

The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.



A Democratic victory could threaten policies championed by Trump and generally favored by Wall Street, including lower corporate tax rates and fewer regulations, analysts said.



"A potential victory by Joe Biden ... and to a greater extent, a 'Democratic sweep,' are generally considered more market-unfriendly outcomes," analysts at BofA Global Research said in a recent note to clients.

[Anonymous]

Markets are tanking on fears of a second wave of the coronavirus.

[Anonymous]

It is not good South of the border. The US recorded it's most number of new infections yet today, and as a result of the resurgence in new cases, the Dow is cratering.



Global investors have baked in that Biden will win in November. Since Trump's election in 2016, US markets have outperformed their European counterparts by a country mile. That is changing now as the European reopening is not resulting in a spike in new infections like it is in the US.



Until there is a vaccine available to the masses South of the border, or an effective treatment, the economy will sputter. Americans are not following social distancing.

[Thiel]

Canada added 419,000 jobs in July. They were mostly part time service jobs in Ontario as they were one of the last provinces to reopen. What was an an unexpected good surprise was the United States added 1.76 million jobs even as so many states paused or reversed reopening. Markets closed up.

[Anonymous]

Canada added 419,000 jobs in July. They were mostly part time service jobs in Ontario as they were one of the last provinces to reopen. What was an an unexpected good surprise was the United States added 1.76 million jobs even as so many states paused or reversed reopening. Markets closed up.

North American markets would have done better, but further stimulus talks in the US are at an impasse.

[Anonymous]

Dow up more than 300 points, S&P 500 nears all-time high on Aug. 11, 2020 at 12:36 p.m. ET



US equities gained on Tuesday on new hopes for a capital-gains tax cut and wary optimism about a Russian coronavirus vaccine.



President Donald Trump said on Monday afternoon that he was considering lowering the US capital-gains tax. Such a move would increase investors' realized profits but would likely face legal challenges if done through an executive order.



Investors also mulled Russia's announcement that it had developed and approved the world's first successful coronavirus vaccine. While news of vaccine progress has previously lifted markets, the lack of phase-three testing of the vaccine has made several health authorities skeptical of its safety.



Oil gained after US COVID-19 hospitalizations sank to their lowest level in a month. West Texas Intermediate crude rose as much as 2.4%, to $42.94 per barrel.

[Anonymous]

I guess the rumour of lowering the capital gains tax, was only a rumour. Markets closed a bit lower today.

[@realAzhyaAryola]

S&P 500 rose to a record high yesterday. Good sign, no?

[Anonymous]

S&P 500 rose to a record high yesterday. Good sign, no?

In theory, yes. But, only a handful of stocks are driving it. The markets will not truly reflect the state of the global economy until all sectors of the economy are functioning again. And that means a vaccine.

[Anonymous]

U.S. stocks rose to record highs and bonds fell on signs that the Trump administration may fast-track vaccines and treatments for coronavirus.



The S&P 500 notched another all-time high as optimism mounted that the virus wouldn't hamper growth. The Nasdaq Composite also closed a record for a second consecutive session. Companies that benefit from a more robust economic restart led the gains. Carnival Corp. and United Airlines Holdings Inc. surged more than 9%, while Kohl's Corp. and Gap Inc. jumped at least 7%. Casinos, carmakers and homebuilders joined the rally. Of the 11 S&P industry sectors, only health care finished lower.



Market sentiment was supported by news over the weekend that the U.S. Food and Drug Administration is working to expand access to a virus treatment involving blood plasma from recovered patients. Separately, the Financial Times reported that the Trump administration is considering whether to bypass regulatory standards to accelerate an experimental vaccine.

[Anonymous]

Markets are approaching all time highs again. The Dow closed at 29,100. The TSX composite index was up 52.98 points at 16,697.97. Gold is trending down as the global recovery takes hold and vaccines will be available in the near future. US Private payrolls rose by 428,000 in August, which was below the 1.17 million expectations. Economists expect the government's nonfarm payrolls report on Friday to show a gain of 1.32 million in August. Let's hope so.

[Anonymous]

Cenovus and Husky merged this week. The combined entity will become Canada's third-largest oil producer if the deal clears as expected in the first quarter of 2021 and boost Cenovus' output to 750,000 barrels per day. Consolidation in the industry is needed.



The merger follows on the heels of a few smaller moves in the Canadian sector, including Whitecap Resources Inc. buying NAL Resources Limited for $155 million in an all-stock deal and Canadian Natural Resources Ltd.'s $111 million purchase of Painted Pony Energy Ltd.



Analysts and critics alike have long called for consolidation in Canada's oil-and-gas sector. The problem was that due to the years-long bear market in energy, there was little capital to throw around and even less space available on balance sheets for additional debt.

[Anonymous]

The markets have been tanking the past ten days. What the hell is going on.