Economy Financial News

19.08 / 16:21

Government economy Federal Reserve inflation Bitcoin China facing deflation may be bad news for Bitcoin

On the latest episode of Macro Markets, analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in the S&P 500 index. Moreover, the Federal Reserve balance sheet surpassed the $8.9 trillion mark right as the stock market index reached its 4,800-point all-time high.

17.08 / 01:25

economy stocks stock market Money stock markets TSX tsx s&p Energy sector helps keep S&P/TSX flat Wednesday, U.S. stock markets down

Strength in the energy sector helped buoy Canada’s main stock index to close flat on Wednesday while U.S. markets moved lower.

17.08 / 00:01

Adoption education economy Fiat Money Bitcoin El Salvador’s Bitcoiners teach 12-year-olds how to send sats

El Salvadorian school kids as young as 12 years old are being orange-pilled — taught to send their first Bitcoin (BTC) transaction by visiting members of El Salvador’s Bitcoin Beach.

16.08 / 05:19

economy Budget Find $15B in spending cuts by October, Anand tells federal ministers

Anita Anand is tasking federal cabinet ministers with finding $15.4 billion in government spending cuts by a deadline of Oct.

14.08 / 21:43

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite down more than 100 points, U.S. stock markets rise

Canada’s main stock index closed down more than 100 points Monday on broad-based weakness, while U.S. stock markets rose after a day of mixed trading.

11.08 / 19:13

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p index week S&P/TSX composite index inches up as week long rise levels off, U.S. markets mixed

Canada’s main stock market index crawled upward Friday morning, buoyed by energy and telecom stocks and restrained by tech and metals, while U.S. markets were mixed.

10.08 / 20:55

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p index S&P/TSX composite index keeps climbing on Thursday, U.S. markets also rise

Canada’s main stock market index posted a small gain Thursday as it continued its climb this week, helped by strength in financial, telecom and technology stocks, while U.S. markets also rose after the latest inflation report.

10.08 / 16:19

business Stablecoin regulation economy Reserve Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.

09.08 / 18:11

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p index S&P/TSX composite index ticks back up on Wednesday morning as U.S. markets droop

Canada’s main stock market inched upward in trading on Wednesday, rebounding slightly from the day before even as U.S. markets sagged.

08.08 / 20:27

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p index S&P/TSX composite index dips alongside U.S. markets in Tuesday morning trading

Canada’s main stock market nudged southward in late-morning trading, in line with a bigger dip in U.S. markets.

08.08 / 14:49

markets Trading economy inflation Bitcoin Bitcoin Price Should you just wait for October to trade Bitcoin?

Traders have been sitting on their hands lately with the Bitcoin (BTC) price being stuck between $29,000 and $30,000. This rangebound price action can’t continue forever, though.

04.08 / 00:33

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite down almost 100 points Thursday, U.S. markets also decline

Canada’s main stock index closed down almost 100 points Thursday despite strength in energy stocks, while U.S. markets also moved lower a day after rating agency Fitch downgraded the U.S. government’s credit rating from AAA to AA+.

02.08 / 16:31

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p fall S&P/TSX composite down more than 300 points in morning trading, U.S. stocks also fall

Canada’s main stock index fell in late-morning trading on Wednesday on broad-based losses as U.S. markets were also in decline.

31.07 / 22:39

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite gains more than 100 points Monday, U.S. markets also rise

Canada’s main stock index closed up more than 100 points Monday led by gains in tech and metals, while U.S. markets also rose.

31.07 / 21:27

markets economy stocks Federal Reserve inflation Bitcoin Where’s the recession? These 3 economic indicators can alert investors to a market downturn

Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date.

27.07 / 21:49

BTC economy Fed Bitcoin economic data Bitcoin Dips as DXY, US Yields Rise on Strong US Economic Data – Here’s Where BTC is Headed Next

Bitcoin (BTC) has come under modest sell pressure on Thursday amid a rise in US bond yields and the US Dollar Index (DXY) as a result of stronger-than-expected US economic data.

27.07 / 21:19

business Analysis economy economics Opinion inflation Interest rates Why is Jerome Powell gaslighting us about the odds of recession?

Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference.

27.07 / 02:53

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite steps higher Wednesday, U.S. stock markets mixed after rate hike

Canada’s main stock index posted anemic gains Wednesday as a rise in battery metals, industrials and health care balanced out weakness in technology stocks, while U.S. markets were mixed after another central bank rate hike.

24.07 / 22:57

economy stocks stock market Money TSX Toronto Stock Exchange S&P/TSX composite up on energy gains Monday, U.S. markets also rise

TORONTO — Strength in energy stocks helped buoy Canada’s main stock index Monday, while U.S. stock markets also posted gains.

20.07 / 10:53

economy economics Federal Reserve Bank of America Recession Commodities Global fund managers remain bearish despite bets on a soft landing

Long Big Tech was the most crowded trade in July (59%).

19.07 / 23:05

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite up on broad strength Wednesday, U.S. markets also rise

Broad-based strength among Canadian equities led by battery metals helped lift Canada’s main stock index Wednesday, while U.S. markets also rose.

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