RBC to buy HSBC’s Canadian unit for $13.5-billion in biggest domestic banking deal on record

RBC to buy HSBC’s Canadian unit for .5-billion in biggest domestic banking deal on record

Royal Bank of Canada RY-T is buying HSBC Bank Canada for $13.5-billion in cash in the largest deal ever reached between two domestic banks in the country. The transaction, which is subject to regulatory and government approvals, would see RBC consolidate its position as Canada’s largest bank. The purchase price represents a multiple of 9.4 … Read more

Canadian house prices expected to tumble 17.5% peak to trough, analysts say

Canadian house prices expected to tumble 17.5% peak to trough, analysts say

Once burning-hot Canadian house prices are expected to tumble a total 17.5 per cent from their peak, roughly double the fall during the 2008-09 financial crisis, in a slowdown already well under way, according to a Reuters poll of market experts. A succession of rapid-fire Bank of Canada interest rate rises that has taken the … Read more

Buyer trims $148,000 off price of rural house

Buyer trims 8,000 off price of rural house

Keller Williams Referred Realty 6845 19th Sideroad, Schomberg, Ont. Asking price: $2,648,000 (September, 2022) Selling price: $2.5-million (October, 2022) Tax: $3,598 (2021) Days on the market: 16 Listing agent: Andrew Ipekian, Keller Williams Referred Urban Realty The action The main floor has two entertaining areas, including one with a fireplace. A third one is downstairs, … Read more

Energy stocks are in a bubble — and here’s when they’re likely to crash

Energy stocks are in a bubble — and here’s when they’re likely to crash

Oil and gas stocks are likely in a market bubble that’s vulnerable to popping. That’s the conclusion when applying a formula from recent academic research into the predictability of stock market bubbles and subsequent crashes. The research, which appeared in the Journal of Financial Economics, was conducted by Robin Greenwood and Andrei Shleifer of Harvard … Read more

What one of the market’s most accurate forecasters thinks will happen in 2023

What one of the market’s most accurate forecasters thinks will happen in 2023

The way Morgan Stanley chief investment officer Michael Wilson describes it, investors in 2023 will feel like they’re treading water in a sea of ​​sharks, with significant returns available to the nimble. Mr. Wilson has been among the most accurate market forecasters in recent quarters. Recently, he accomplished the feat I value most in strategists … Read more

RCMP lays historic first charge of economic espionage against former Hydro-Québec researcher

RCMP lays historic first charge of economic espionage against former Hydro-Québec researcher

Hydro-Québec has said that it hopes to gain about 10 per cent of the $3-billion global electric-battery market by 2030.Ryan Remiorz/The Canadian Press RCMP have laid the first economic-espionage charge in Canadian history against a researcher in Quebec who is accused of obtaining trade secrets for the benefit of China. Yuesheng Wang, 35, faces four … Read more

The next bull market in stocks is unlikely to resemble the previous one

The next bull market in stocks is unlikely to resemble the previous one

Will the next bull market in stocks resemble the previous one? Don’t count on it. As major North American benchmark indexes rise from recent lows in October – punctuated by Thursday’s strong rally based on data that showed easing US inflation in October – it is only natural to ponder whether the worst of this … Read more

Calgary semi-detached house sells for $39,000 under asking after price cut spurs offer

Calgary semi-detached house sells for ,000 under asking after price cut spurs offer

2718 Exshaw Rd. NW., Calgary Asking price: $869,900 (July, 2022) Previous asking price: $889,900 (May, 2022) Selling price: $830,000 (August, 2022) Tax: $6,362 (2021) Property days on the market: 67 Listing agent: Joel Gwillim, CIR Realty The living room in the 2,198-square-foot home has one of the home’s two gas fireplaces.CIR Realty The action This … Read more

The one award that sums up how to position portfolios for the next decade. Plus, why this week’s tech wreck is a bad omen for all investors

The one award that sums up how to position portfolios for the next decade.  Plus, why this week’s tech wreck is a bad omen for all investors

BofA Securities investment strategist Michael Hartnett attempted to provide all of the advice investors will need for the next decade in a single award in his weekly Flow Show report. To wit, “historic losses in government bonds reflect new secular reality but long-run returns from cash, commodities, small cap, value stocks only just beginning to … Read more

Opinion: Britain burns because Truss had ignored the economic reality set by Brexit

Opinion: Britain burns because Truss had ignored the economic reality set by Brexit

A British flag on fire.The Associated Press John Rapley is a political economist at the University of Cambridge and a senior fellow of the Johannesburg Institute for Advanced Study. Less than two weeks after her government plunged the markets into crisis with a disastrous budget, Prime Minister Liz Truss used her closing speech at the … Read more