Interest Rates
The subprime concerns continue to drive volatile trading in the U.S. markets. The Federal Reserve continues to support the banking system and try to prevent any collapse. After injecting billions into the banking system last week, the central bank infused the banking system with another $17.25 billion on…
I have a feeling that last Thursday, as long-term investors braced for the weekend, speculators rushed to accumulate as many shorts as possible that same afternoon. Sure enough, things went well overnight, with sinking Asian markets calling for yet another disastrous trading day in North America, perhaps of…
In a recent speech to the Montreal Board of Trade, Governor of the Bank of Canada, David Dodge, said that Canadians should not panic upon hearing isolated and disconcerting pieces of economic data. He offered reassurances that our economy is plugging along just fine, primarily because seven consecutive…