Money Sense

[Anonymous]

Oil prices and the Candian buck are sliding.  Global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States.

[Anonymous]

OPEC's control over the supply of oil will catapult prices to $150 a barrel in 2023, JPMorgan said in a Monday note.



"We believe OPEC+ will defend the oil price with paced volume growth to keep inventories low," JPMorgan said.



The bank doesn't see the new Omicron variant of COVID-19 putting a dent into demand for oil.



Biden and Trudeau could limit oil's rise by reversing bad decisions they've made, but they would prefer expensive foreign oil to cheap domestic production.

[Anonymous]

Emerging market growth will suffer for a variety of reasons to do with weakening external demand growth, lower global trade growth, and the effects of further domestic monetary and fiscal tightening in many countries.



Looking beyond next year, developing nations were facing a 'broken growth model' caused by an irreversible slowdown in China, worsening demographics and rising economic nationalism, which might affect the flow of foreign direct investment.



While this was unlikely to cause a crisis, these factors would sharpen the focus on domestic debt burdens in countries such as Brazil and South Africa, where weak growth and rising interest rates would push public debt to GDP ratios up to levels that might cause concern.



Overall, with major economies striving to make their supply-chains more resilient, developing nations that were close to large, major economies - such as Mexico, ASEAN nations or CEE countries - were in a better position than geographically remote ones for example in South America.

[Anonymous]

The gamble taken by OPEC and its allies, under pressure from top oil consumer the United States, to raise oil output in January despite its own forecasts of oversupply, appears to be paying off as prices stabilise.



Oil has steadied around $75 a barrel as market participants brush off concerns of a glut, in part because they don't believe the Organization of Petroleum Exporting Countries and its allies can reach their new output target and demand is still expected to rise.

[Anonymous]

Canadian Pacific Railway Ltd. says it has completed its acquisition of Kansas City Southern and placed the shares of the U.S. railway in a voting trust while the U.S. Surface Transportation Board reviews the deal.



Opinion: Time to remove Section 43 from the Criminal Code

Putin wants 'immediate' talks with NATO on Russia's security



CALGARY — Canadian Pacific Railway Ltd. says it has completed its acquisition of Kansas City Southern and placed the shares of the U.S. railway in a voting trust while the U.S. Surface Transportation Board reviews the deal.



The trust allows KCS shareholders to be paid while ensuring the railway operates independently until the U.S. regulator issues its decision on the deal valued at US$31 billion, including the assumption of US$3.8 billion of debt.



With the completion of the acquisition, KCS shareholders will receive 2.884 CP shares and US$90 in cash for each KCS common share held and US$37.50 in cash for each KCS preferred share held.



CP said the combination with KCS will create the only single-line railroad linking the United States, Mexico and Canada.



The Canadian railway expects the review by the STB to be completed in the fourth quarter of next year.



It said the expected benefits from the combination will not be realized until the U.S. regulator approves the deal.

[Anonymous]

The Federal Reserve will quicken the pace at which it's pulling back its support for the economy as inflation surges, and it expects to raise interest rates three times next year.

[Anonymous]

Stock markets plunged into the red before recovering to finish the day in positive territory on Monday, as fears over war in Ukraine and higher interest rates in the U.S. and Canada took investors on a wild ride.



Early in the afternoon, the Dow was off by more than 1,000 points, or about three per cent, and the tech-heavy Nasdaq was faring even worse as investors worried about the prospect of war in Ukraine.



"What really sparked the sell-off today is the fact that we seem to be marching inexorably towards a full-scale invasion of Ukraine by Russia," Dennis Mitchell, CEO of Toronto-based investment firm Starlight Capital, said in an interview.

[Anonymous]

This is the Seoul brother's specialty. But, a recession, before we make a full recovery from this COVID shit would be disastrous.



Recession, not inflation, will be the big worry in 6 months: David Rosenberg

Watch: Rosenberg says we're headed into a bear market



David Rosenberg of Rosenberg Research talks with the Financial Post's Larysa Harapyn about how we're headed into a bear market. He says recession, not inflation, will be the big worry in six months.

https://financialpost.com/investing/recession-not-inflation-will-be-the-big-worry-in-6-months-david-rosenberg">https://financialpost.com/investing/rec ... -rosenberg">https://financialpost.com/investing/recession-not-inflation-will-be-the-big-worry-in-6-months-david-rosenberg



[media]

[Thiel]

https://twitter.com/MPelletierCIO/status/1489602893413957634">https://twitter.com/MPelletierCIO/statu ... 3413957634">https://twitter.com/MPelletierCIO/status/1489602893413957634

[Anonymous]

A new feature included in Apple's iOS14 update that makes it easier for iPhone users to secure their personal data caused other tech companies to lose billions of dollars.



A new report revealed that four social media companies lost almost $300 billion in market value since April of 2021.



Markets Insider reported that "The earnings results from social media companies on Wednesday highlighted the weakness ton investors, resulting in a steep sell-off in their stocks. In Thursday trades, Meta Platforms fell 22%. Snap fell 18%. Twitter fell 8%, and Pinterest fell 11%. Since Apple's privacy update went into effect in late April 2021, these four social media companies have erased a combined $278 billion in market value."



Since late April of 2021, Meta has lost $169 billion in value, Snap has fallen by $50 billion, Twitter's market share decreased by $26 billion, and Pinterest lost $33 billion. Snap, Twitter, and Pinterest each lost around half of their previous market evaluations.

[Anonymous]

Markets continue their slide as tensions in the Ukraine continue coupled with losses in the tech and industrial sectors.

[Anonymous]

North American stock markets faded midweek with all three U.S. markets moving into correction territory while crude oil prices continued to rise on mounting tensions in Ukraine.



Markets rose a little in morning trading but fell after Ukraine declared a state of emergency and Russia announced an evacuation of its embassy in Kyiv.



Michael Currie, vice-president and investment adviser at TD Wealth, said markets have fallen steadily for about a week.



"Any time you're seeing a pop in the morning, people are using that as a chance to take some profits and get out," he said in an interview.



"It's still the growth stocks that are getting hit the hardest, but outside of energy you're really not seeing any sectors kind of staying positive or leading the way."



The S&P/TSX composite index closed down 163.65 points to 20,744.17 for its fifth straight day of losses.



In New York, the Dow Jones industrial average was down 464.85 points at 33,131.76. The S&P 500 index was down 79.26 points at 4,225.50, while the Nasdaq composite was down 344.03 points or 2.6 per cent at 13,037.49.



The Dow joined the S&P in correction territory with its shares dropping at least 10 per cent below its most recent high. The Nasdaq is on the cusp of moving into bear territory, a 20 per cent loss, with its shares off 19.6 per cent from its high.

[Anonymous]

This has been the worst few weeks since for my iretirement investments in about eighteen months.

[Anonymous]

Oil prices are soaring again. West Texas Intermediate was over $110/bbl thirty minutes ago. Even Western Canadian Select was between $98 and $99/bbl. Prices like this could trigger a global recession.

[Anonymous]

I noticed the markets are having a good week so far.