Outlook

A starter TFSA with a few too many moving pieces

Me and My TFSA LIZ ENRIQUEZ AGE, 26 PLACE: Hamilton, Ont. TFSA TOTAL: $7,732 STRATEGY: Still looking for an easy, lost-cost growth strategy LIZ’S TFSA HOLDINGS Equities RBF1008 Global Bond Fund SR D                           $1,005 RBF1022 U.S. Equity Fund (Cdn.) Series ...

So What Happens in the Next Recession?

I’m not a macro economist by any stretch of the imagination and yet I cannot help wondering what is going to happen in terms of policy response the next time Canada goes into a downturn.  It is not a question of whether there will be another recession, only when. By policy response, I am of cour ...

Macro Briefing: 24 November 2017

Next week will be crucial for GOP’s tax plan: BloombergZimbabwe’s first new President in 37 years takes power: BBCGerman business optimism rises to record on economic growth: BloombergUS Consumer Sentiment Index edges up in Nov, close to decade high: CNBCUS durable goods orders slide 1.2% in Oc ...

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 ...

How you’re taxed when selling a business to family

Q: I want to sell our Dairy Queen (DQ) to my oldest daughter. The profit year after year is $56,000.00 to $76,000.00 but sales are about $1.5 million. We do not own the building—we lease it from a large company. We only own the equipment inside and the signage. I would like to sell the DQ to h ...

DAX Gains Ground as German Business Climate Sparkles

The DAX index is showing limited movement in the Friday session. Currently, the DAX is at 13,043.50, up 0.27% on the day. On the release front, the week ended on a positive note, as German Ifo Business Climate improved to 117.5, above the estimate of 116.6 points. There are no other events on the ...

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 ...

Despite easing today the Yuan is on a roll

SHANGHAI, Nov 24 (Reuters) – China’s yuan weakened against the U.S. dollar on Friday, with strong corporate demand supporting the greenback but the Chinese currency is on course for its best week in more than a month. Prior to market opening, the People’s Bank of China (PBOC) set the official ...

Ringgit Consolidates into the weekend

KUALA LUMPUR, Nov 24 — At 9am, the local unit was traded at 4.1180/1210 against the greenback from yesterday’s close of 4.1050/1100.  OANDA Head of Trading Asia-Pacific Stephen Innes told Bernama that the ringgit was on the upside, the past few days, but opened easier against the US dollar ...

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 ...