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Morning News: January 28, 2020

Coronavirus Is Unwinding Global Economic Gains China Curbs Travel to Hong Kong; Coronavirus Death Toll Exceeds 100 JPMorgan Keeps Bonuses Flat for Bankers, Traders In the Race for Cheap Airfaire, It’s You Vs. The Machine Services in Spotlight After Apple Stock Market Value Hits $1.4 Trillion Airb ...

 European Manifesto Against Pseudo-Therapies

A new organization in Spain is trying to protect patients from becoming victims of pseudoscience. They have prepared a manifesto. ...

The Worst Day for the S&P 500 in 17 Weeks

The S&P 500 lost 1.57% today. In historic terms, that’s not much. Still, it’s the biggest drop since October 2 so it may seem worse than it truly is. The index went 74 straight sessions without a 1% decline. That streak is over. In terms of relative strength, this was a great day for our Buy L ...

iPolitics AM: Coronavirus, royal security costs likely to come up as Team Trudeau holds cabinet huddle

ALSO TODAY: O’Toole launches bid for Conservative leadership — Bergen ‘seriously considering’ joining the race Opposition MPs will get a fresh crack at calling out the leader of the minority Liberal government this afternoon when Prime Minister Justin Trudeau is expected to be back in the Ho ...

Scheduling issues block shot for Parliament Hill visit from NBA champion Toronto Raptors

Sorry, Ottawa — but a visit to Parliament Hill from the defending NBA champion Toronto Raptors is unlikely to happen. Shortly after the team’s magical playoff run ended in the NBA Finals victory over the Golden State Warriors last June, Raptors head coach Nick Nurse told a Toronto sports radio s ...

Core Durable Goods Drop 0.9%

The stock market is rebounding after yesterday’s unpleasantness. So far, it appears to be the mirror image of yesterday’s action, just less so. Meaning, the best groups yesterday are the worst today, and last shall be first. However, the magnitude of the move is far less. We have two earnings ...

European open – China, Fed, BoE, Apple, gold, oil

Markets pare losses but fears persist European stock markets are making small gains on Tuesday after suffering heavy losses on the opening day of the week, as the coronavirus death toll hits triple figures. Source – Thomson Reuters Eikon The numbers are getting uglier by the day, even as exte ...

Tech Talk for Tuesday January 28th 2020

Pre-opening Comments for Tuesday January 28th U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Index futures were virtually unchanged following release of December Durable Goods Orders at 8:30 AM EST. Consensus was an increase of 0.3% versu ...

Huawei to get only partial access to UK’s 5G networks

Huawei and other “high risk” telecom providers will be excluded from the core of the U.K.’s 5G and gigabit-capable networks, Prime Minister Boris Johnson’s government has decided. It’s a move that could influence Canada’s decision on whether to allow carriers here to buy 5G equipment f ...

Technology, consumers driving emerging market equities

In the past, Canadian investors may have seen emerging market indices as too heavy on materials and energy companies, which are also well-represented in North ... ...

Failed prosecution of vice-admiral Mark Norman cost government more than $1.4 million

The attempted prosecution of vice-admiral Mark Norman that ended in a stayed charge against the former second-in-command of Canada’s military cost the government $1,425,389.68, according to new information tabled in the House of Commons. The dollar figure was revealed in yesterday’s Hansard – ...

D-J Composites lockout is a refresher on reality of picket lines

Economy Labour Union work stoppages have become quite rare in Canada. In the current decade, strikes and lockouts have accounted for less than one-30th of one per cent of all working time -- down more than 90 per cent from the strike-prone 1970s. The year 2016 set a new postwar low: just 631,87 ...

Asia Morning Session: Financial Markets Go Viral

The rotation into haven positioning, seen in the holiday-thinned Asian markets yesterday, gathered momentum overnight. Fears about the global impact on economic growth, due to the Wuhan virus outbreak, saw Europe follow Asia lower, with Wall Street having its biggest fall in three months. German B ...

OMERS leading $227-million funding for AI company

The Ontario Municipal Employees Retirement System, through OMERS Growth Equity, is leading a $227 million Series-F funding round for intelligent and predictive search technologies provider Coveo. Founded ... ...

Sweet Spot for Gold’s Fundamentals

Gold cannot lose this year. Let me explain. The most bearish points for Gold (aside from a blowoff in inflation) are when an economic recovery gains traction or when the Fed raises rates to combat inflation. All three scenarios entail stable or rising real interest rates and, therefore, no investm ...

US Open – Big China Tech to return to work on Feb 10th, Part of the curve inverted, eyes on Apple, Oil’s tumble continues, Gold ETF signals potential top

US stocks are looking at a positive open, rebounding after the worst day since October.  The coronavirus continues to spread as the amount of cases surge over 4,500 and the death toll rises to 106 people.  The market selloff is easing as expectations grow that we could see some Chinese businesse ...

Oil Market Volatility Expected to Remain High

Fasten your seat belts. Dramatic swings in the oil market may soon become the norm. After a prolonged period of low prices and relative calm, oil watchers are predicting a surge of volatility following President Trump’s decision to reimpose sanctions on Iran. Crude has spiked 19% this year, to pri ...

Oil & Gas: Where is the Capital Flowing?

The last two years have seen record low levels of mergers and acquisitions activity in the oil and gas sector in the United States. There are other signs of lassitude in the field: a record low volume of PE deals, (more of that in a moment), and only six initialRead More ...

Transport and climate change: Putting Argentina’s resilience to the test

Would you imagine having to evacuate your village by boat because the only road that takes you to your school and brings the goods is flooded? In February 2018, the fiction became reality for some residents in the province of Salta, northern Argentina, after heavy rains caused the Bermejo and Pilc ...