Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, said Wednesday that he viewed the U.S.-China conflict as more than a “trade war” and that increasing export controls would be a major escalation.
— Read on www.bloomberg.com/news/articles/2019-05-29/ray-dalio-sees-risky-time-ahead-in-u-s-china-trade-conflict
‘Don’t say we didn’t warn you’ – a phrase from China signals the trade war could get even worse
The biggest Chinese newspaper made a warning to the U.S. using a phrase it only used twice in history, both of which involved full-on wars.
— Read on www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you—a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html
Bank of Canada signalling it won’t cut rates anytime soon: CIBC’s Tal – BNN Bloomberg
Bank of Canada signalling it won’t cut rates anytime soon: CIBC’s Tal – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-of-canada-signalling-it-won-t-cut-rates-anytime-soon-cibc-s-tal-1.1265714
TSX has worst day of 2019 on heightened trade concerns – BNN Bloomberg
TSX has worst day of 2019 on heightened trade concerns – BNN Bloomberg
— Read on www.bnnbloomberg.ca/tsx-has-worst-day-of-2019-on-heightened-trade-concerns-1.1265617
Personal Investor: High debt-to-income ratio? So what. – BNN Bloomberg
Personal Investor: High debt-to-income ratio? So what. – BNN Bloomberg
— Read on www.bnnbloomberg.ca/personal-investor-high-debt-to-income-ratio-so-what-1.1265582
Animation: The Largest Producers of Crude Oil (1965-2017)
View how the ranking of the world’s largest producers of crude oil changes over a 50 year period, from the Cold War until today.
— Read on www.visualcapitalist.com/the-largest-producers-of-crude-oil-1965-2017/
Bank of Canada holds rates, says economic slowdown likely temporary – Reuters
The Bank of Canada held interest rates steady as expected on Wednesday, but said there was increasing evidence that the economic slowdown was temporary and that growth accelerated in the second quarter.
— Read on www.reuters.com/article/us-canada-cenbank/bank-of-canada-holds-rates-says-economic-slowdown-likely-temporary-idUSKCN1SZ1PU
Retire Early: How $25,000 Can Become $300,000 in Your TFSA in 20 Years
Investing in Royal Bank of Canada (TSX:RY)(NYSE:RY) and other top TSX Index dividend stocks could set you up for early retirement. Here’s how it works.
— Read on ca.finance.yahoo.com/news/retire-early-25-000-become-120033300.html
Italy Gets ECB Pushback on Debt Idea, Told to Sort Out Finances
Italy came in for further criticism from the European Central Bank on Wednesday, with policy makers rejecting the idea of a debt guarantee and renewing warnings about excessive debt. ECB Vice President Luis de Guindos said the lesson from Italy’s run-ins with the European Commission over its spending
— Read on ca.finance.yahoo.com/news/italy-gets-ecb-pushback-debt-093953352.html
European Central Bank sends Italy a warning over debt
FRANKFURT — The European Central Bank says that challenges to financial stability in the eurozone have risen amid risks to growth from trade tensions, and warns that indebted governments such as Italy could run into trouble if they don’t heed rules limiting debt and deficits.The warning in an ECB
— Read on ca.finance.yahoo.com/news/european-central-bank-sends-italy-080226140.html