Record high oil prices, fresh concerns about the banking sector and sharply rising U.S. home foreclosures spooked investors and pushed Canadian equities sharply lower. With one red light and a DnUp situation Prudent Investors should remain on the sidelines and not buy stocks at this time. Aggressive Investors and…
Record high oil prices sent energy stocks soaring and Canadian equities ended the day higher. With three yellow lights and a DnUp situation Prudent Investors should use caution when making new purchases or simply remain on the sidelines. Aggressive Investors and Traders should play the market up or down…
The Bank of Canada cut its key interest rate by half a point to 3.5% today; however, the rate relief came at the cost of a warning that the U.S. economy is likely to experience a much deeper slowdown than earlier anticipated. This revelation spooked investors and sent stock…
Although signs of a worsening economy in the U.S. and Canada continued to plague the market today, Canadian equities ended relatively flat. With three yellow lights and a DnUp situation Prudent Investors should use caution when making new purchases. Aggressive Investors and Traders should play the market up or…