Money Sense

[Anonymous]

Canadian National said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern after it made an unsolicited $30 billion bid for the U.S. railroad.



Canadian National had informed the STB, which oversees freight rail service and rates in the United States, that it plans to file an application, seeking permission to combine with Kansas City Southern, the company said.



The company's offer trumps a $25 billion bid made by rival Canadian Pacific for Kansas City Southern in March.

[Anonymous]

Almost 20% of all US dollars were created last year. That is an early warning of inflation.



Due to the new President's policies and overprinting of the dollar, it wasn't a surprise that many billionaires and analysts have recently issued warnings about inflation and forecasted that a market correction is imminent.

[Anonymous]

Some economists have been warning for months that excessive government spending to help the country recover from the pandemic-induced recession could overheat the economy and fuel inflation.



Americans have started to see prices jump across a variety of products in recent weeks. And worldwide commodity shortages that have led to price hikes for many raw materials are the latest signs that inflation could be building rapidly.



While Fed officials state that they retain sufficient tools to control inflation, prominent economists voice concerns that the central bank may end up waiting too long before taking action.



There are many indicators that say the economy has picked up, but the policy hasn't adjusted to that, according to Stanford University economist John Taylor.

[Anonymous]

The Canadian dollar topped 82 cents today for the first time since 2017.

[Anonymous]

U.S. railway regulator approves CP Rail voting trust for KCS. Now CN Rail expects the same.

[Anonymous]

U.S. railway regulator approves CP Rail voting trust for KCS. Now CN Rail expects the same.

CN pulled the same sneaky trick with BC Rail. CP made the initial offer for that little railway.

[Anonymous]

The markets have been on a roller coaster ride lately.

[Anonymous]

Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

[Anonymous]

Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

[Anonymous]

Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

I thought the roller coaster ride would've ended now that we're well into the vaccine rollouts.

[Anonymous]

Inflation spiked 4.2% In April hitting 13-year high as price concerns rock the market.

The stock markets have become so volatile lately.

I thought the roller coaster ride would've ended now that we're well into the vaccine rollouts.

The markets have reservations about Biden's economoc agenda, as they should.



Retail sales in the United States unexpectedly stalled in April.  But, vaccinated Americans are patronising restaurants and bars after being cooped up at home for more than a year. US households have accumulated at least $2.3 trillion in excess savings during the coronavirus pandemic, which should underpin spending this year.



Some economists said the neutral retail sales report could ease financial market concerns about inflation that were fanned by reports this week showing strong increases in consumer and producer prices in April. Stocks on Wall Street were trading higher.

[Anonymous]

Canadian Pacific Railway Ltd. continues to reject suggestions that it needs to increase its bid for Kansas City Southern to fend off a rival offer from Canadian National Railway Co. that the U.S. railway has deemed superior.

[Anonymous]

If CP is unsuccessful in it's bid to buy KCS, the strong track record of the remaining smallest Class 1 railroad would make it an attractive takeover target. It would be a shame to lose such an iconic Canadian company.

[Anonymous]

World stocks will continue to rise this year on robust economic and earnings recoveries but any quickening of inflation would temper that enthusiasm.

[Anonymous]

The prices of commodities were falling sharply on Thursday, cutting into months of gains and weighing on equity markets, as China takes steps to cool off rising prices and the U.S. dollar strengthens.



Thursday's move continued a slide that began earlier in the week, thanks in part to actions by Chinese regulators.



A Chinese government agency announced a plan on Wednesday to release reserves of key metals, including copper and aluminum, according to Reuters. Officials in the country have also warned about speculation in financial markets in recent weeks.