Oil & Gas

Tax confusion: What’s deductible and what’s not

A penny saved is a penny earned. That’s one of the great truisms in life —and in personal finance. But I don’t think the Canada Revenue Agency (the CRA) entirely agrees with it.  To them, money spent on earning income is deductible, but money spent on ultimately saving money by arranging f ...

Our guide to Black Friday Weekend deals 2017

Whether you’re planning to do all your Christmas shopping on Black Friday—or just to buy a neat deal or two for yourself—this is the weekend to get organized and tick some items off your holiday shopping list. Deals are everywhere. Here’s a quick checklist of just a few great ones that we s ...

OPEC and Russia Agree on Outline of Output Cut Extension

OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations.The Organisation of Petroleum Exporting Countries and several non-OPEC nati ...

USD/CAD – Canadian Dollar Inches Higher, Investors Search for Cues

The Canadian dollar has ticked lower in the Friday session. Currently, USD/CAD is trading at 1.2715, up 0.05% on the day. On the release front, there are no major indicators. Canada releases Corporate Profits, and the US will publish manufacturing and services PMIs. Janet Yellen is winding up her t ...

Has Putin Become OPEC’s Most Influential Player?

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders.Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

USD Lower Again as Week Drifts to a Close

Quiet Post-Thanksgiving Session Expected US investors return briefly from the Thanksgiving bank holiday on Friday, although the session is likely to be very quiet given the early market close and the lack of events on the calendar. In the past, this has been a very quiet day and I don’t expect th ...

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders. Not anymore. While OPEC’s gatherings still influence prices, it’s not Sau ...

EUR/USD – Euro Ticks Higher as German Business Confidence Beats Expectations

The euro has posted slight gains in the Friday session. Currently, EUR/USD is trading at 1.1866, up 0.13% on the day. On the release front, German Ifo Business Climate improved to 117.5, above the estimate of 116.6 points. There are no major events in the US. The German economy continues to perfor ...

Tech Talk for Friday November 24th 2017

  StockTwits Released Yesterday @EquityClock Russell Metals $RUS.CA moved above $29.22 to a 3 year high extending an intermediate uptrend. Canada Retail Trade down by 3.9% (NSA) in September, more than 3.5% average decline for month. #CDNecon #CAD $MACRO   Trader’s Corner Daily Seasonal/Tech ...

Ringgit appeal

Currency traders are pricing in a rate hike by Bank Negara Malaysia (BNM) as early as January next year, and the current wind behind the ringgit could see it strengthening further against the greenback. The local unit closed at a fresh year-high of RM4.11 against the US dollar yesterday, bolstered ...