Making sense of the markets this week: September 14
Cogeco insists it isn't for sale, Tesla stock isn't invincible after all, active managers are blowing their chance, and Warren Buffett makes another surprise move.
" id="moneysense-2019-style">
Advertisement
Cogeco insists it isn't for sale, Tesla stock isn't invincible after all, active managers are blowing their chance, and Warren Buffett makes another surprise move.
“Canadians are less optimistic about the outlook for the domestic economy, with the share of respondents expecting an improvement falling to 20.9% from 23% a week earlier. That’s the biggest one week drop since July. Some 48% believe the economy will worsen.”
Nik Nanos, chief data scientist at Nanos Research, said in the report: “After a period of improving consumer confidence, the trajectory of the positive trendline is beginning to flatten. There could be a slow down in the COVID-19 economic recovery.” TD’s Masrani was also on BNN Bloomberg, sharing that he’s very cautious about the economic recovery. And he reminded us that it is all about the virus and the pandemic: “It is a crisis for the ages.” Consumer spending and confidence may not ramp up until the pandemic is behind us. But, optimistically, Masrani also suggested in reference to the ballooning savings accounts of Canadians: “At some point those dollars will be spent.”Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Dale, your weekly roundups are excellent. Pertinent, understandable and very interesting.
Hey Deane, that is so kind. Thanks. I certainly enjoy the writing and research.