In the sea of information that floods our digital lives, discerning the meaningful from the mundane can feel like trying to catch the right wave amidst a turbulent ocean. This is especially true in the world of finance, where staying informed can mean the difference between sinking or swimming in your financial endeavors. Whether you're a seasoned investor, a curious novice, or someone just trying to keep up with the economic climate, a daily digest of finance news serves as your compass, guiding you through the ever-shifting market terrain. It's about making sense of the ripples and undercurrents that impact everything from your personal wallet to the global economy.
Picture this: every morning, you start your day not with the overwhelming tidal wave of every possible market report and analysis but with a curated selection that cuts through the noise. Imagine knowing exactly what to focus on, having insights expertly distilled to equip you with the knowledge you need to make informed decisions. In "Navigating Market Waves: Your Daily Digest of Finance News," we will deliver precisely that clarity and foresight. We dive deep into the most crucial updates, trends, and forecasts, ensuring you're not just keeping afloat but charting a course toward solid financial ground. With every update, you're one step closer to mastering the market's tides and ensuring your financial ship sails smoothly.
Swamped EQ Bank puts weekly limits on how many can sign up for high-interest savings account
Equitable Bank, which heavily promoted a high-interest checking account for a price of three per cent and was promptly swamped with increased customers than it could handle, has now set limits on how many people can subscribe to the brand new account every week. “We are slowing down new account openings to ensure that we can handle the volume with ...
Read More »Interest rate cuts may be more likely than you think, at least in Canada
The Bank of Canada may not be done with interest-rate cuts at this time. Seven of 19 economists inside a Bloomberg survey predict the central bank will lower borrowing costs at some stage in 2016, with the rest forecasting it will remain on the sidelines. The following decision is March 9. Although bond financial markets are pricing the chances of ...
Read More »PDAC 2016: Potential capital gains tax hike could ‘decimate’ junior mining space
There is a few speculation that the authorities could hike the main city gains tax in its upcoming budget. Trent Mell thinks that may possess a devastating impact on the junior mining sector. “You could decimate a business that’s already on its knees,” obama of PearTree Securities said in an interview. His view is the fact that a capital gains ...
Read More »PDAC 2016: New Goldcorp CEO acknowledges company needs to win back investor confidence
David Garofalo never reached have a honeymoon period. He became leader of Goldcorp Inc. on Feb. 29. Just four days earlier, the Vancouver-based company cut its dividend and slashed its production outlook for the following 3 years. The stock dropped 13 percent. Now Garofalo has got the challenging job of rebuilding investor confidence in the company. He did note that ...
Read More »PDAC 2016: Silver Wheaton still sees plenty of deal flow, but in base metals rather than gold
Last year was the busiest ever for the silver and gold streaming companies. They acquired a staggering US$4.2 billion of precious metals, according to Financial Post data. The majority of it came from large miners that were desperate to raise cash and connect their balance sheets. “Streaming truly became the dominant type of (mining) financing,” Randy Smallwood, chief executive of ...
Read More »PDAC 2016: Ontario mining minister ‘encouraged’ about Ottawa’s involvement in Ring of Fire
Justin Trudeau’s authorities hasn’t even issued its first budget yet. But Michael Gravelle said he is already “very encouraged” it’ll play a powerful role in growth and development of Ontario’s “Ring of Fire” mineral belt. “I’m feeling very tolerant of the federal government role coming forward with the Ring of fireside,” Gravelle, Ontario’s minister of northern development and mines, said ...
Read More »PDAC 2016: Stornoway Diamond CEO explains company’s ‘fairy tale’ rise into the big leagues
Junior miners almost never dive right in into successful producers with large-scale operations and happy shareholders. But Stornoway Diamond Corp., which is on the right track to create Quebec’s first diamond mine into production this year, showed it truly can be done, even in a tough market. Unfortunately, it might be pretty difficult to replicate the Stornoway model. It required ...
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