Bank of Canada announcement!

  Hi folks, Today, the Bank of Canada has decided, they will maintain its target for the overnight rate at 1/2%. Even in the face of dwindling resource prices, China concerns, 13 year low on the CAD dollar vs the USD, bear market territory for the stock market;  I suppose governor Poloz is trying to … Continue reading Bank of Canada announcement!

Oil touches a fresh 6-year low!

Oil moved into bear territory in July and today has fallen a further 3.2% on lower Chinese demand and no production cuts from OPEC.  Also US crude supplies were almost 100 million barrels over the average 5 year seasonal average as we head out of the last of the summer driving season and into fall. … Continue reading Oil touches a fresh 6-year low!