Trading Ideas

DP Weekly Wrap: No Holiday Surprises

Thanks mostly to a pop on Tuesday the market once again moved to new, all-time highs. Typical of holiday trading volume was lower than average, except for Tuesday, which had a surge confirming the price advance. Positive market action on a holiday week was no surprise, considering the persistent st ...

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 ...

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 ...

What every Canadian investor needs to know today

A rundown of what to expect this trading day and the stocks that'll see action ...

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 ...

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 ...

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 ...

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 ...

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 ...