David Rosenberg: Behold the most speculative and momentum-driven market on record: David Rosenberg
It is difficult to believe we could have experienced such human misery and see the Nasdaq soar 44 per cent in 2020 and the S&P 500 by 16 per cent.
The Nasdaq has now enjoyed a 94-per-cent two-year surge, something that last happened in 1998-99. Ta…
Repairing U.S. relationship with Canada should be Biden's top trade priority: Former U.S. ambassador: Larysa Harapyn
Former U.S. ambassador to Canada Bruce Heyman talks to the Financial Post’s Larysa Harapyn about what Joe Biden’s presidency will mean to the United States, Canada and the world.
- Ten ways COVID-19 has changed the world economy forever …
> Peter Bethlenfalvy is pledging to keep a steady hand on the tiller of Ontario’s finances after his sudden elevation to the job of finance minister last week, alongside his role as treasury board president, in the wake Rod Phillips’ resignation.
“G…
## Non-resident appeals TFSA tax penalty imposed by the CRA ... and wins: Jamie Golombek
> Canadian residents can now contribute an additional $6,000 to their tax-free savings account (TFSA) since the calendar has rolled over to a new year. And, for those who have never opened up a TFSA, who were at least 18 years old in 2009, and have been a resid…
> Situation:
Couple has $3,297,193 net worth, including a leveraged investment in a money-losing condo
Solution:
Keep the condo, invest $814,000 of cash and rebalance portfolio, sustain long-term income
In Ontario, …
> New Year’s resolutions feel good when you’re making them, but rarely have an impact on behaviour since they don’t tend to last beyond the first few days or weeks of the year.
Gyms are the poster child for this lack of staying power. Right after Ne…
> You can’t go anywhere these days and not hear about the pent-up demand “V-shaped” recovery that awaits us once we all get vaccinated (or enough of us). This is premised on the assumption that we will all be going out to eat, fly and do everything that is fun …
> James Lorimer Ilsley managed Canada’s fiscal affairs during the Second World War, overseeing an unprecedented period of government spending as the finance minister in William Lyon Mackenzie King’s cabinet.
By June 1946, though, Ilsley and others w…
## Alternative lenders to resume share buybacks even though big banks still can't: Geoff Zochodne
> Alternative mortgage lenders Equitable Group Inc. and Home Capital Group Inc. are ready to buy back stock again after a pandemic-related timeout, a sign of confidence that follows a bumpy year, and one that comes as Canada’s biggest banks remain barred from t…
> Middle income Canadians to take bigger hit when CPP premiums go up Friday, because of the pandemicfinancialpost.com
## Showdown 2021: Why Bitcoin and gold investors may both be right in the year ahead: Gabriel Friedman
> Exactly one year ago, Peter Grosskopf, chief executive of Sprott Inc., a Toronto-based gold fund, was eagerly anticipating the next 12 months: interest rates were low and government debt was growing, strong signs in his eyes that gold would run.
G…
[news curation]@wakanda-forever
Posted using Partiko Android
.png)
Comments 0