Equities recover; Brexit vote is the key event of the week
After a sea of red across global equity markets on Monday following weak Chinese export data and disappointing Euro industrial production figures, Asian markets managed to rebound early Tuesday with futures also indicating a positive start to European and U.S. equities. Despite the recovery today, risks remain to the downside especially if more data is […]
Traders Shift Leveraged ETF Tactics to Bet S&P 500 Will Fall
Investors are increasingly shifting from bets that U.S. stocks will rise, flipping their cash into exchange-traded funds that profit when markets tumble. About $218 million has flowed out of bullish leveraged ETFs tracking the S&P 500 Index this year through Monday, even as the benchmark rebounds from its worst month in almost a decade. Meanwhile, […]
Rail problems in Vancouver
The Canadian Transportation Agency will investigate possible problems with freight train service issues in the Vancouver area including whether rail companies are fulfilling their obligations. The agency said in a news release Monday that it’s the first time it is using its new authority to launch such an investigation, which will also determine whether there […]
BP scales back exploration
BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, giving up half the offshore area included in its exploration licence. The Canada-Nova Scotia Offshore Petroleum Board says the energy giant is surrendering 50 per cent of the area included in its licence — a consolidation of four offshore parcels roughly […]
Indigenous owned pipeline?
First Nations that produce oil and gas in Canada will hear presentations Wednesday at the Indigenous Energy Summit on how they might take ownership of major energy projects, including the Trans Mountain pipeline. Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models that could be followed to allow […]
Canadians weighed down by lines of credit they don’t understand
3 million Canadians have home equity lines of credit, but half of us don’t know how they work Over the past 15 years, home equity lines of credit have emerged as the driver of mounting non-mortgage debt in Canada — yet many Canadians don’t understand what they’ve signed up for and are not moving to […]