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Thread: TSX hits record high - Thank You Trudeau

  1. #1
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    TSX hits record high - Thank You Trudeau

    The right wingers prediction was that Canada would be in chaos and the economy would be in dire straits, etc. But not only have we seen the best job numbers and job creations, plus a great GDP growth in spite of the speculation that Canada would be in a recession sometime in the middle of this year. The TSX was expected to collapse. But we are seeing the best TSX figures under Trudeau's middle of the road and sensible tenure!!

    Oil prices rise on supply concerns:
    Toronto stocks rallied Friday, boosted once again by rising energy prices.

    The S&P/TSX composite index jumped 119.38, or 1.02%, to 11,856.81, another record high.

    On the week, the benchmark index rose 2.16%.

    Volume on the senior exchange was 324 million shares.

    Nine of the 10 TSX main sub-groups were up.

    The energy index lifted 1.70%, after the price of oil rose sharply on worries about supply from Iran and Nigeria. In New York, crude for March delivery settled $1.50 higher at US$67.76 a barrel.

    Ivanhoe Energy added 9¢, or 3.30%, to $2.82.

    Suncor Energy rose $2.91, or 3%, $90.68.

    Petro-Canada advanced $1.35, or 2.6%, to $53.33, and EnCana Corp gained 1.5% to c$54.20.

    The materials sector rose 1.56% the back of record base metals prices.

    Dofasco shares lost 24¢, or 0.34%, to $70.26 as Mittal Steel Co. is making a bid for rival Arcelor SA, which has a US$22.8-billion takeover bid pending for Dofasco.

    The S&P/TSX Venture Exchange index finished up 31.68, or 1.27%, to 2,521.99.

    In New York, good earnings results from Microsoft Corp. and Procter & Gamble Co. spurred markets ahead.

    The Dow Jones industrial average was up 97.74 points, or 0.90%, to end at 10,907.21. The S&P500 Index was up 9.89 points, or 0.78%, at 1,283.72. The Nasdaq Composite Index was up 21.23 points, or 0.93%, at 2,304.23.

    For the week, the blue-chip Dow average rose 2.24%, while the S&P 500 gained 1.76%, and the Nasdaq climbed 2.52%.

    https://www.investmentexecutive.com/...s-record-high/

    Even Alberta is expected to pick up next year:

    https://globalnews.ca/news/6219827/c...c-growth-2020/


    On ignore: Disrespectful Individuals!!

  2. #2
    No coincidence the Dow is also at a record high, we’re riding the coattails of the US.

  3. #3
    Quote Originally Posted by bver_hunter View Post
    The right wingers prediction was that Canada would be in chaos and the economy would be in dire straits, etc. But not only have we seen the best job numbers and job creations, plus a great GDP growth in spite of the speculation that Canada would be in a recession sometime in the middle of this year. The TSX was expected to collapse. But we are seeing the best TSX figures under Trudeau's middle of the road and sensible tenure!!

    Oil prices rise on supply concerns:
    Toronto stocks rallied Friday, boosted once again by rising energy prices.

    The S&P/TSX composite index jumped 119.38, or 1.02%, to 11,856.81, another record high.

    On the week, the benchmark index rose 2.16%.

    Volume on the senior exchange was 324 million shares.

    Nine of the 10 TSX main sub-groups were up.

    The energy index lifted 1.70%, after the price of oil rose sharply on worries about supply from Iran and Nigeria. In New York, crude for March delivery settled $1.50 higher at US$67.76 a barrel.

    Ivanhoe Energy added 9¢, or 3.30%, to $2.82.

    Suncor Energy rose $2.91, or 3%, $90.68.

    Petro-Canada advanced $1.35, or 2.6%, to $53.33, and EnCana Corp gained 1.5% to c$54.20.

    The materials sector rose 1.56% the back of record base metals prices.

    Dofasco shares lost 24¢, or 0.34%, to $70.26 as Mittal Steel Co. is making a bid for rival Arcelor SA, which has a US$22.8-billion takeover bid pending for Dofasco.

    The S&P/TSX Venture Exchange index finished up 31.68, or 1.27%, to 2,521.99.

    In New York, good earnings results from Microsoft Corp. and Procter & Gamble Co. spurred markets ahead.

    The Dow Jones industrial average was up 97.74 points, or 0.90%, to end at 10,907.21. The S&P500 Index was up 9.89 points, or 0.78%, at 1,283.72. The Nasdaq Composite Index was up 21.23 points, or 0.93%, at 2,304.23.

    For the week, the blue-chip Dow average rose 2.24%, while the S&P 500 gained 1.76%, and the Nasdaq climbed 2.52%.

    https://www.investmentexecutive.com/...s-record-high/

    Even Alberta is expected to pick up next year:

    https://globalnews.ca/news/6219827/c...c-growth-2020/
    Funny how that works when you congratulate Trudeau for a good economy but don't give credit to Trump as well.
    Predictable and boring.

  4. #4
    Quote Originally Posted by bver_hunter View Post
    The right wingers prediction was that Canada would be in chaos and the economy would be in dire straits, etc. But not only have we seen the best job numbers and job creations, plus a great GDP growth in spite of the speculation that Canada would be in a recession sometime in the middle of this year. The TSX was expected to collapse. But we are seeing the best TSX figures under Trudeau's middle of the road and sensible tenure!!

    Oil prices rise on supply concerns:
    Toronto stocks rallied Friday, boosted once again by rising energy prices.

    The S&P/TSX composite index jumped 119.38, or 1.02%, to 11,856.81, another record high.

    On the week, the benchmark index rose 2.16%.

    Volume on the senior exchange was 324 million shares.

    Nine of the 10 TSX main sub-groups were up.

    The energy index lifted 1.70%, after the price of oil rose sharply on worries about supply from Iran and Nigeria. In New York, crude for March delivery settled $1.50 higher at US$67.76 a barrel.

    Ivanhoe Energy added 9¢, or 3.30%, to $2.82.

    Suncor Energy rose $2.91, or 3%, $90.68.

    Petro-Canada advanced $1.35, or 2.6%, to $53.33, and EnCana Corp gained 1.5% to c$54.20.

    The materials sector rose 1.56% the back of record base metals prices.

    Dofasco shares lost 24¢, or 0.34%, to $70.26 as Mittal Steel Co. is making a bid for rival Arcelor SA, which has a US$22.8-billion takeover bid pending for Dofasco.

    The S&P/TSX Venture Exchange index finished up 31.68, or 1.27%, to 2,521.99.

    In New York, good earnings results from Microsoft Corp. and Procter & Gamble Co. spurred markets ahead.

    The Dow Jones industrial average was up 97.74 points, or 0.90%, to end at 10,907.21. The S&P500 Index was up 9.89 points, or 0.78%, at 1,283.72. The Nasdaq Composite Index was up 21.23 points, or 0.93%, at 2,304.23.

    For the week, the blue-chip Dow average rose 2.24%, while the S&P 500 gained 1.76%, and the Nasdaq climbed 2.52%.

    https://www.investmentexecutive.com/...s-record-high/

    Even Alberta is expected to pick up next year:

    https://globalnews.ca/news/6219827/c...c-growth-2020/
    Another Liberal promise kept.

    Thank you, Justin.

  5. #5
    You might want to see what’s happening south of the boarder and realize we’re riding their economic coattails. Trudeau my ass!!

  6. #6
    Meanwhile Canadian insolvencies are surging and at the 2nd highest levels we've seen. he does ger some credit for it but if the U'S"s was in thes hitter ours would be too.

  7. #7
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    Quote Originally Posted by Boober69 View Post
    Funny how that works when you congratulate Trudeau for a good economy but don't give credit to Trump as well.
    Predictable and boring.
    Boober, when have you given Trudeau credit for anything, while always praising a certain ray of light that shines out of Trump's Ass?? Stop being a hypocrite!!


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  8. #8
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    Quote Originally Posted by Orion1027 View Post
    You might want to see what’s happening south of the boarder and realize we’re riding their economic coattails. Trudeau my ass!!
    Bullshit!!


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  9. #9
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    Quote Originally Posted by Gooseifur View Post
    Meanwhile Canadian insolvencies are surging and at the 2nd highest levels we've seen. he does ger some credit for it but if the U'S"s was in thes hitter ours would be too.
    We have some of the highest house prices and rentals in the world. These accelerations started under Harper who did squat to address it. As a result yes, the loans taken out by Canadians have risen dramatically. The Dumb Ford Government is encouraging it, by removing restrictions against the landlords in the new properties.

    But this has happened in the USA in the past, and did you guys blame Bush and his Republicans cronies then??


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  10. #10
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    Quote Originally Posted by Boober69 View Post
    Funny how that works when you congratulate Trudeau for a good economy but don't give credit to Trump as well.
    Predictable and boring.
    Neither of these two idiots have anything to do with the economy doing so well.

  11. #11
    Quote Originally Posted by bver_hunter View Post
    Boober, when have you given Trudeau credit for anything, while always praising a certain ray of light that shines out of Trump's Ass?? Stop being a hypocrite!!
    The minute I try to give him credit for something I keep hearing that "Day O" song and get distracted.

  12. #12
    Quote Originally Posted by bver_hunter View Post
    We have some of the highest house prices and rentals in the world. These accelerations started under Harper who did squat to address it. As a result yes, the loans taken out by Canadians have risen dramatically. The Dumb Ford Government is encouraging it, by removing restrictions against the landlords in the new properties.

    But this has happened in the USA in the past, and did you guys blame Bush and his Republicans cronies then??
    Why do you blame Harper for everything? And if you truly believe all ills were spawned by him, then why haven't the Liberals repealed anything he allegedly implemented that was so bad? They've been in power 4+ years!

  13. #13
    Quote Originally Posted by Boober69 View Post
    Why do you blame Harper for everything? And if you truly believe all ills were spawned by him, then why haven't the Liberals repealed anything he allegedly implemented that was so bad? They've been in power 4+ years!
    They have changed a ton of stuff, have you been asleep all this time? Tax laws changes, child benefit changed, sentencing guidelines changed. Instead of lazy tax cuts to corps, the Libs gave accelerated depreciation for NEW investment. All working quite nicely but there needs to be constant tweaks to keep things rolling.

  14. #14
    Quote Originally Posted by Mr Deeds View Post
    Neither of these two idiots have anything to do with the economy doing so well.

  15. #15
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    Canada is simply an economic colony of the US, you should be thanking Trump if you are looking for a political leader to thank.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  16. #16
    Quote Originally Posted by onthebottom View Post
    Canada is simply an economic colony of the US, you should be thanking Trump if you are looking for a political leader to thank.
    Unless its a conservative PM, then its all Canada's doing.
    We've seen it here countless times from right wingers.
    Don’t be a tough guy. Don’t be a fool! I will call you later

  17. #17
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    Quote Originally Posted by Frankfooter View Post
    Unless its a conservative PM, then its all Canada's doing.
    We've seen it here countless times from right wingers.
    Nope, still an economic colony, your PM has no impact.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  18. #18
    It might be a bit more nuanced. High commodity prices also help the Canadian economy. The collapse of oil prices contributed greatly to the 2015 slowdown in Canada.

    Again though, your PM doesn't impact this.

    So we're Maverick and your Goose. Canadian Goose!

  19. #19
    Quote Originally Posted by bver_hunter View Post
    We have some of the highest house prices and rentals in the world. These accelerations started under Harper who did squat to address it. As a result yes, the loans taken out by Canadians have risen dramatically. The Dumb Ford Government is encouraging it, by removing restrictions against the landlords in the new properties.

    But this has happened in the USA in the past, and did you guys blame Bush and his Republicans cronies then??
    So why doesn't Trudeau do something about it? He put in a small foreign buyer tax which has done nothing to stop the growth of prices I have said Bush is the worst president of modern times. You always blame Harper for all of Canada's problems, nothing is Trudeau's fault. The insolvency surge started last year, 4 years from Harper being removed. Don't forget Harper had to live through the worst recession in modern times as Obama did. They both get credit for digging us out. When are you actually going to hold Trudeau responsible for anything. You give him credit for the economy, but don't blame him for any failures. The surge in insolvencies is on him.

  20. #20
    Anybody that believes that a higher stock market has anything to do with the economy is an idiot. It may have been true back in the 60's but not today. The Central Banks of the World have printed so much money that the primary lenders. The member Banks have poured money into the stock market as their respective Bond markets have collapsed. That why the REPO window has been opened permanently at the Fed. I saw a report yesterday that showed that for four quarters in a row Corporate earnings have dropped. Yet the stock market has risen. The debt based monetary system collapsed in 2008. They've kept it on life support by lowering interest rates. In a vibrant economy the Fed should be raising rates. They're not because they can't. The member Banks can borrow at 1% - 1.5%. Can you borrow at those rates ? No you can't. So the memeber banks are taking access to the Fed borrowing window and pouring it into the stock market. The rich are getting richer and the poor are rioting in the streets of Europe and South America. Inflation is running at 10% annually but the media tells you it's 2%. Believe what you want but the market will continue to rise. The real economy is heading to a depression.

  21. #21
    Thanks to Conservative provincial premiers for our good economy. It would be much better if Trudeau hadn't pissed off the Chinese who no longer buy our canola, etc. Canada would be Venezuela north if the "progressives" had their way.

  22. #22
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    Quote Originally Posted by onthebottom View Post
    Canada is simply an economic colony of the US, you should be thanking Trump if you are looking for a political leader to thank.
    More smugness from you. You are just dripping in it.

    Canadians live longer than Americans. More Canadians receive a higher education. More Canadians own their own homes.

    We are living the American dream more than Americans. You have very little to be smug about.

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    Quote Originally Posted by shack View Post
    More smugness from you. You are just dripping in it.

    Canadians live longer than Americans. More Canadians receive a higher education. More Canadians own their own homes.

    We are living the American dream more than Americans. You have very little to be smug about.
    Don’t take out your insecurity on me, I’m simply telling it like it is.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  24. #24
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    Quote Originally Posted by onthebottom View Post
    Don’t take out your insecurity on me, I’m simply telling it like it is.
    And so was I. The quality of life is better in Canada than the U.S.

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