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Coronavirus Sends Stocks into Bear Market, Ending Record Breaking Bull Market

TSX Tumbles into Bear Market Territory as Coronavirus Declared Pandemic After an unprecedented 11-year run, the bull market has officially come to an end. On Wednesday, March 11, the World Health Organization declared the coronavirus a pandemic for the first time. This sent investors running for the exits. Most analysts believe the broader markets could […]

Stocks in Correction Territory as Markets Continue to Get Routed Over Coronavirus Fears

Global stocks and commodities continue to get routed as investors worry about how much the coronavirus will stifle business activity and corporate earnings. A number of corporate and analyst warnings have also helped drag the major indexes down. In fact, North American equities are in correction territory; after that, it’s a bear market. Since hitting […]

Gold and Silver Prices Rally on Fears Coronavirus Will Hurt Global Economy

How Are Gold and Silver Prices Doing? Precious metals like gold and silver have been surging lately, as investors seek safe-haven investments on concerns the coronavirus will have a long-lasting, negative impact, on the global economy. Investors are flocking to safe-haven investments like silver and gold. In fact, gold is currently trading at a seven-year […]

Railway Blockade, Even When Resolved, Will Have Long-Lasting Effects on Canadian Economy

Rail blockades first sprung up on February 6, 2020, shutting down a major rail line in British Columbia. Indigenous protesters and supporters shut down the rail line because they oppose the construction of the $6.6 billion, 670 km Coastal GasLink project in British Columbia. In solidarity, another group blocked a key rail line near Belleville, […]

Cannabis Bears Beware, Canadian and Global Marijuana Sales Are Soaring

How Are Cannabis Stocks Doing? Cannabis stocks experienced a major run in the lead up to the legalization of recreational cannabis in Canada in late 2018. The share prices of many marijuana stocks soared in excess of 500%. Investor optimism may have gotten ahead of itself though; the broader cannabis industry has been bearish since […]

Raft of Data Shows Canadian Economy Is on the Brink of a Recession

The U.S. and Canadian economies have a long history of tracking each other. At least they did. At a time when the U.S. economy is churning out strong economic data, low unemployment, and jobs growth, the Canadian economy has been doing the opposite. While many economists do not believe Canada will enter a recession in […]