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Making sense of the markets this week: December 10, 2023.

Authors :
Prevost, Kyle
Source :
MoneySense; 12/8/2023, p1-1, 1p
Publication Year :
2023

Abstract

The article discusses various topics related to the financial markets. It begins by mentioning that the Bank of Canada has decided to keep the key interest rate at 5%, citing concerns about inflation and the economy's weakness. The article also highlights the earnings reports of small Canadian banks, with Laurentian Bank experiencing a tough year and Equitable Bank continuing to grow. Additionally, the article mentions the positive performance of stock markets in November, with the S&P 500 and the Toronto Stock Exchange's S&P/TSX composite index both showing significant gains. Lastly, the article criticizes financial guru Dave Ramsey for his advice on withdrawal rates in retirement, emphasizing the importance of verifying financial claims. [Extracted from the article]

Details

Language :
English
ISSN :
14881349
Database :
Complementary Index
Journal :
MoneySense
Publication Type :
Periodical
Accession number :
174148736