Oil dropped significantly yesterday, falling as much as 10% at one point, as investors concluded that supply is not contracting as quickly as demand in the short-term. Oil has now traded at less than $35 (future market) per barrel down from a record set in July of $147 per barrel. Declining energy and [...]

Stocks on the Toronto Stock Exchange were literally unchanged yesterday as a computer failure prevented trading to continue past the opening bell. Things are expected to be up and running today.
Yesterday, the Organization of Petroleum Exporting Countries (OPEC) oil ministers agreed to their deepest oil output cut ever (3rd this year) cutting [...]

Stocks jumped big time yesterday after the Federal Reserve (Fed) rewrote its playbook by “slashing” borrowing costs to a record low, even zero, and pledging more unconventional steps to fight the deepest recession in generations. Unconventional like buying up more mortgage-backed assets which are guaranteed thereby, injecting more cash into the economy as banks [...]

Canadian Stocks were initial gainers yesterday until the price of oil reversed course and dropped by almost 4% by the end of the trading day. In both Canada and the United States stock markets worried about how big a “bite” the global financial crisis had taken from banks’ profits.
Economic data gave investors [...]

Stocks rose on Friday based on hopes that a lifeline for struggling U.S. automakers could still materialize although, we won’t know anything until current President Bush completes his ‘farewell tour’ around the globe. The latest news in the U.S. automakers’ attempt to secure a financial rescue is that the White House (or the Bush [...]

Oil jumped 10% yesterday but overall stock markets declined by as much as 3% in late trading amidst various ‘rumors’ that a large hedge fund was going to “fall” and that there would no bailout for the auto industry.
This morning stocks continued to tumble around the world after the Senate officially rejected a [...]

Canadian stock markets rose approximately 2% yesterday and in the U.S., stocks rose in a “choppy” session, as a rebound in oil prices and other commodities lifted energy, mining and materials shares. Financials dropped.
Oil prices were boosted by signs that major exporter Saudi Arabia will cut January supplies to customers (oil continues [...]

Not much to report today.
The Bank of Canada (BoC) dropped interest rates by 0.75% to 1.50% (a level not seen since 1958)! This is very dramatic for the Bank of Canada and the Canadian central bank has also officially concluded that Canada is in a recession (with the rest of the developed world). [...]

Stocks rallied to their highest level in a month in the U.S. yesterday and Canada also posted some very strong gains yesterday.
Over the weekend, Obama outlined plans to create 2.5 million jobs by 2011 through programs repairing roads and bridges, modernizing schools and making public buildings more energy efficient, among other initiatives. Although [...]

U.S. stocks appreciated in value on Friday as investors bet that a steep drop in oil prices will boost consumer spending, lifting retail stocks. This offset government data showing 500,000 jobs were lost in November in the United States with additional job losses in Canada.
Shares of discounter Wal-Mart and iPod maker Apple went up [...]