Chinese Government Set to Impose Controversial National Security Law
It appears that China is about to go through the most significant political event of the year, and as a result Hong Kong may lose its unique freedoms which are exclusive of the rest of the country. Beijing is planning on imposing a new national security law in Hong Kong, which will prohibit secession, subversion, […]
Increase in Rental Vacancies Could Have Significant Impact on Housing Prices
According to economists at Capital Economics, the recent increase in vacancy rates for short-term rentals could have a significant impact on housing prices in the near term. The lockdown measures and travel restrictions have caused immigration to drop to near zero, as well as increase the the unemployment rate among the bottom quartile incomes. As […]
Shopify Will Keep its Employees Working From Home Permanently
When the coronavirus pandemic first devastated the country, many non-essential businesses were forced to close their doors to the public, and instead set up their employees to work from home for the time being. As a result, many businesses that are renting space for their operations are now unable to make next month’s rent, causing […]
Bank of Canada: Large Portion Of Corporate Bond Buying Program To Be Allocated To Energy And Financial Sectors
Back in April, the Bank of Canada unveiled a $10 billion corporate bond buying program, which is to come into effect on May 26. Now that more details have been revealed, it appears that a significant portion of the program will be allocated towards companies in the energy and financial sectors. The goal of the […]
US Banks Bracing for Period After Loan Deferrals Expire
When first quarter earnings were coming out, many US banks realized the true extent of the economic hardship brought on by the coronavirus, and quickly began increasing their loan loss provisions by nearly 4 times the amount compared to levels only a year prior. This foreshadows that many of those banks were nowhere near prepared […]
Horizons Schedules Next Contract Rollover Date For HOU, HOD ETFs
Crude oil futures might be returned to a bit of normalcy following the wild April experienced by the commodity. Horizons ETFs announced this morning that it has once again pre-scheduled the contract rollover of its BetaPro Crude Oil Daily Bull ETF (TSX: HOU) and BetaPro Crude Oil -1x Daily Bear ETF (TSX: HOD) ETF’s as […]
Monterey Minerals Signs Definitive Agreement For High Grade Gold Alicia Project
Monterey Minerals (CSE: MREY) announced this morning that it has signed a definitive agreement to acquire Greater Arc Pty Ltd, the subsidiary of Greater Arc Resources that owns the Alicia high-grade gold property located in Alicia Municipality, Philippines. Previous samples from shallow drilling on the mine site include 1.2 metres of 116 g/t gold, 1,263 […]
Meta Growth Sees Revenues Decline 13.6% Quarter Over Quarter
Meta Growth Corp (TSXV: META) filed its second quarter 2020 financial results last night, revealing declining revenues of $13.6 million and a net loss of $5.5 million for the period ended February 29, 2020. Revenues were down by 13.6% on a quarter over quarter basis, from $15.8 million, while also being down 15.8% from $16.2 […]
Federal Reserve’s Balance Sheet Hits Record High $7.04 Trillion
The Federal Reserve recently announced it has begun purchasing corporate bond exchange traded funds, and now as a result, its balance sheet has become increasingly large. On May 20, the Federal Reserve’s balance sheet was sitting at $7.09 trillion, which has increased by $0.11 trillion since the previous week. In just the central bank’s corporate […]
CFIB: Canadian Small Business Owners In Dire Need Of Government Financial Support
The Canadian Federation of Independent Business (CFIB) has released the results of a recent survey conducted over the long weekend, which suggests that over 55% of small businesses are struggling to survive through the coronavirus pandemic, and without some form of rent relief, they may have to shut down their operations. Even with the federal […]