OPEC+ Discussions Delayed To Thursday, Mixed Reactions Over Weekend
Trading in oil futures is expected to open up mixed this evening after a series of events occurred this weekend related to the commodity. Markets closed Friday with the expectation that a meeting between OPEC+ – which typically refers to OPEC nations plus Russia – would be taking place Monday, however that meeting has now […]
Hyperinflation: Remember, GDP = Money Supply x Velocity
When trying to wrap my head around economics, I like to simplify basic principles down their nuts and bolts. A formula that has always resonated with me is GDP = Velocity x Money Supply. In essence: This basic principle is central to Modern Monetary Theory. The concept is simple. The measuring stick is full employment; […]
Smokeless Cannabis Category Sales Surge On Quarantine Measures
No one wants cannabis beverages. Or, at least that’s the line long time cannabis enthusiasts have been touting for ages as they watched industry majors such as Canopy Growth Corp (TSX: WEED) (NYSE: CGC) and Hexo Corp (TSX: HEXO) (NYSE: HEXO) push ahead with major plans for beverage operations. Both firms partnered with big hitters […]
Rescue Bailouts for Airlines: Time to Bend Over, Taxpayers!
Much like the auto industry collapsing on its own oversupply of vehicles amid lack of demand, airlines are also tanking due to the growing global threat of the coronavirus. The International Air Transport Association (IATA), which is the governing body responsible for setting technical airline standards, announced that airlines worldwide have not experienced such a […]
A Look into the Future? Italy’s Services Sector Grinds to A Halt
Not surprisingly the COVID-19 pandemic hit the Italian services sector during March with the largest business activity contraction since the survey began in January 1998. Shutdowns designed to restrict the COVID-19 outbreak were the main culprit, causing record declines in new business and employment. The headline index from the report, based on a single question […]
Rough Week In Cannabis Sector Capped With Gut Punch From Ontario
This first week of April has been the never-ending week for the cannabis industry that has been continuously gut punched on a daily basis. The week started off bad enough, with earnings from Hexo Corp (TSX: HEXO) (NYSE: HEXO) and Cronos Group (TSX: CRON) (NASDAQ: CRON) disappointing the market. Monday morning began with the news […]
Snapshot in Charts: An Economic Collapse?
Hey Now! As a little Friday activity I thought I would go though some of the charts illustrating where the economy has landed on at this snapshot in time. Let’s start by looking at initial unemployment claims in the US, which reached an all time high of 6.6M claims yesterday: We can see nonfarm payrolls, […]
Car Dealerships are Scrambling to Entice Buyers as Sales Plummet to a Decade Low
The coronavirus outbreak has been causing rampant havoc across the globe; the rapidly exponential spread of the virus has now infected over 1 million people, even after half of the world’s population has been ordered to remain under strict isolation measures. The destruction does not stop there, however. The economies of the hardest virus-hit countries […]
Revive Files Pre-IND Meeting With FDA For COVID-19 Treatment
Revive Therapeutics (CSE: RVV) this morning announced that it has filed its pre-investigational new drug (Pre-IND) meeting request with the US Food and Drug Administration for the use of Bucillamine as a treatment against coronavirus and other infectious diseases. Revive is currently relying on its previous investigative work with Bucillamine to assist in expediting communications […]
Canada Sees 500,000 Mortgage Deferral Requests; 10% of Big Bank Mortgages
This morning the Canadian Bankers Association announced there has been 500,000 requests for mortgage deferrals completed since Canada’s banks announced a mortgage deferral program over two weeks ago. The figure represents 10% of the big six bank’s Canadian residential mortgage portfolio. Canada’s banks are standing by Canadians and have stepped up to help our country […]