Tag Archives: Boost

The US$18-trillion global economic boost if everything went right

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What if everything started to go in the actual world economy? It\’s a great deal to ask. The fir.1 per cent global growth of the first quarter was the weakest to have an expansion since 1998, based on JPMorgan Chase & Co. Former U.S. Treasury Secretary Lawrence Summers\’s \”secular stagnation\” warning is gaining traction and central banks have found more ...

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‘Good news’ expected to boost European stocks

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European stocks have been hit hard by Grexit fears so far this month, but that just makes them more attractive, says Citigroup Global Markets. Jonathan Stubbs, the U.S. bank’s equity strategist located in Europe, said earlier this month that the continent’s solid macro backdrop and improved earnings are expected to deliver returns close to 40 percent over the next 18 ...

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Weak loonie, U.S. economy not enough to boost Canadian manufacturing

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The manufacturing renaissance that the Bank of Canada had envisioned doesn’t seem to be materializing anytime soon. Even having a weak Canadian dollar along with a hot U.S. economy, Statistics Canada said Monday that factory sales in April fell 2.1 percent to $49.8 billion, falling short of the 0.5 per cent decline economists had been expecting The decline was the ...

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Leveraged loan ETFs in Canada boost defences in case of selloff

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Canadian exchange-traded funds that buy leveraged-loans are shoring up defences against an abrupt flight by investors. The Horizons Senior Loan ETF received approval from the Ontario Securities Commission to enhance borrowing limits to help meet potential redemptions in an asset class where it will take as long as 20 days to shut a trade. First Trust Advisors, which manages the ...

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TSX falls sharply lower for second day despite U.S. boost

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TORONTO – The Toronto stock exchange was sharply lower for a second consecutive day Thursday as investors seemed to ignore the positive news from overseas that cheered traders south from the border. The S&P/TSX composite index closed down 133.58 points at 14,278.49, adding to a big decline of 212 points in the previous session because the International Monetary Fund cut ...

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Demand not enough to boost oil price

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Strong global demand for oil is insufficient to offset a strong supply outlook that has driven prices back below US$50 per barrel, and Saudi Arabia no more appears to have the necessary market clout to change prices. “This remains a supply-driven market,” said Michael Tran, a New York-based commodity strategist at RBC Capital Markets. “Supply drove us into this low ...

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