Is the Decline of the Canadian Dollar Set to Persist?
With the Bank of Canada aggressively cutting interest rates, the Canadian dollar has cratered to a 12-week low against the US dollar—a trend market watchers say could continue if further rate cuts are on the horizon. Following the central bank’s half-point rate cut, the loonie tumbled sharply from US$0.74, or C$1.3577, to US$0.72, or C$1.3872—its […]
Weekly Market Outlook: US Elections and Central Banks at the Forefront
Markets Weekly Outlook – US Elections and Central Banks Lead the Way Read More: GBP/USD Technical: Trendline Break Sets the Stage for Further Downside Week in Review: US Jobs Revised Downward After Positive GDP A mixed week comes to a close as markets deal with renewed geopolitical risks and another downgrade to jobs numbers by […]
Acquis Teams Up with Allianz to Provide Asset Finance Solutions in the U.S. Market
Acquis partners with Allianz to offer asset finance solutions in US market Credit: Shutterstock.com Acquis, a provider of insurance solutions for the asset finance sector, has formed a partnership with Allianz Global Risks US Insurance Company, it was reported in MonitorDaily, an equipment finance website serving the US market. Allianz Global Risks US Insurance Company […]
Ecuador to Reopen Mining Register After More Than Six Years
Noboa’s initiative seeks to combat illegal gold mining, a persistent issue in the Andean country. It is also expected to streamline current processes as ministries must meet the new six-month deadline. It also provides some authorities, notably the ministries of environment, energy and mines, the authority to identify illegal mining resource activities throughout the national […]
British fintech founder relocates to U.S.: U.K. tech industry lacking ambition, not taxed
British fintech founder who moved to U.S.: U.K. tech’s problem isn’t taxes—it’s ambition When a government announces tax hikes and entrepreneurs celebrate, you know something’s deeply wrong. Yet that’s exactly what happened in Britain this week, as tech founders cheered Labour’s “modest” increase in capital gains tax—simply because they’d feared worse. It’s like watching passengers […]
Top and Bottom Canadian Stocks of…
The Morningstar Canada Large-Mid Cap Index rose 1.0% in October amid a rally in the technology sector. The large-mid index tracks the performance of the top 90% of the Canadian investable universe by market cap, and each month we screen from among the stocks in this index to find the best- and worst-performing companies. Data […]
Potential Impacts of the US Election on Clean Energy Initiatives
Renewable energy equities have broadly underperformed in recent weeks, which we think is partially due to betting markets indicating rising chances of Donald Trump winning the US presidential election on Nov. 5, as observed by RealClearPolitics. Policy influences the demand for wind and solar. A Republican victory could alter the landscape for clean energy investments. […]
Apple Earnings: Adjusting Our Valuation to Reflect…
Key Morningstar Metrics for Apple What We Thought of Apple’s Earnings We raise our fair value estimate for wide-moat Apple AAPL to USD$200 from USD$185 as we raise our longer-term growth expectations. We’ve also revised down our short-term forecast for iPhone revenue to reflect less of an impact from artificial intelligence on unit sales over […]