Business

In a hurry: Millions of Canadians are losing confidence in the stock market and planning to withdraw money

stocks-0926-ph Hello! It’s ugly out there. On Friday, the S&P 500 stock index fell below its mid-June low of 3,666, wiping out the summer rally. Fueled by fears of rising inflation and a global recession, the defeat swept through bonds, energy, metals, just about everything except the US dollar. But if US stocks had a …

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Refinery

An oil supply shock may be imminent | OilPrice.com

When Aramco’s chief executive said earlier this week that years of underinvestment had damaged the supply-demand balance in the oil market, it should have been a wake-up call for those in decision-making positions. Instead, the UN Secretary-General beaten the oil industry once again for “partying” with record profits and urged governments to make them pay …

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4 Advantages of the 2023 Ford Explorer over the Toyota Highlander

The 2023 Ford Explorer and 2023 Toyota Highlander are solid choices for the three-row midsize SUV segment. However, the Explorer does have some strengths in its favor that give it an edge. Here are four advantages the 2023 Explorer has over the 2023 Highlander. 2023 Ford Explorer Offers Better Performance Than 2023 Toyota Highlander 2023 …

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Canadians can now ‘rent to own’ a home and an expert broke down exactly how it works

If you’ve always dreamed of buying a home in Canada, but still don’t have enough for a down payment, it might be worth considering leasing. Simply put, leasing is a way for renters in Canada to, you guessed it, secure their dream home, even if they don’t have the cash to buy it yet. To …

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Risk assets crushed with little sign the drama is over – BNN Bloomberg

The sell-off in riskier corners of the market deepened as the UK’s plan to boost its economy fueled concerns that higher inflation could lead to higher rates, adding to fears of a global recession. It was a sea of ​​red on the trading desks, with the S&P 500 briefly breaking its June closing low and …

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Wall St Crashes as Investors Worry About Rate Hikes and Recession

Sign up now for FREE unlimited access to Reuters.com Record All three major indices brace for heavy weekly losses Costco falls after falling quarterly gross margins Energy stocks plunge on falling US crude prices Sept 23 (Reuters) – All of Wall Street’s major indexes slumped to close well lower on Friday as restive investors continued …

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The Fed tightens the economy and ‘craters’ it, leading us into a long recession – John Hathaway

(Kitco News) – The Fed’s monetary tightening could send us into a “recession that we won’t recover from for a couple of years,” said John Hathaway, senior portfolio manager at Sprott Asset Management. “[The Fed] it doesn’t have a dial to modulate economic activity,” he explained. “They basically have an on or off switch, and …

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Fracking

Energy gains to moderate, but oilfield services remain strong | OilPrice.com

The energy sector has enjoyed extraordinary gains in the current year, with the big oil companies setting records left and right.. exxonmobile (New York Stock Exchange: XOM), Chevron (NYSE: CVX) and Shell (NYSE: SHEL) together generated $46 billion in profit in the second quarter, with the three setting new quarterly earnings records. In general, the …

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Canada’s Most Lavish Real Estate Bubbles, September Update: House Prices Plunging

Ridiculous price spikes are now facing monstrous rate hikes from the Bank of Canada, QT and soaring mortgage rates. By Wolf Richter for WOLF STREET. In Hamilton, Ontario, after a ridiculous and mind-boggling spike, prices fell 5.8% in August from July and 10.5% in three months. In Toronto, prices fell 4.0% in August from July …

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