These indicators will tell you when it’s time to load up on stocks again. Plus, China bulls make a return

Michael Cembalest, the chairman of Market and Investment Strategy for JP Morgan Asset Management, is providing some important guideposts that will allow investors to gauge when equity markets have bottomed. In the most recent edition of his popular Eye on the Market report, he notes that US purchasing managers indices (PMIs) have been the best … Read more

Has OPEC+ Reached Peak Production Capacity?

The production patch OPEC+ struck in April 2020 is set to end a month earlier than initially planned, in August 2022. The oil-producing group, however, is already facing its next dilemma—it has been facing it since the alliance’s key member, Russia , invaded Ukraine in February, sending oil prices above $100 a barrel. The war … Read more

Air Canada to reduce flights this summer

Air Canada is planning to reduce its flights in July and August, according to a statement from the company’s president, as the airline continues to deal with “customer service shortfalls.” “Regrettably, things are not business as usual in our industry globally, and this is affecting our operations and our ability to serve you with our … Read more

Ontario man loses nearly 500,000 travel points

Throughout the COVID-19 pandemic, many airline trips, resort vacations and cruises were canceled and getting refunds from travel companies wasn’t always easy. It can be even harder to get your money back if you booked a trip using travel rewards points with a credit card. “These 500,000 travel rewards points are worth $5,000,” said James … Read more

Canadian Real Estate Prices Are On Track To Drop $68k By Mid-Summer

Canadian real estate has cooled even faster than bears assumed possible. The sales to new listings ratio (SNLR) indicates it’s just getting started. If historical patterns hold true, the market will see all of 2022’s gains disappear by mid-summer. Unless something changes the trend, home prices are heading in the direction of improved affordability. Sales … Read more

Dear MULN Stock Fans, Mark Your Calendars for June 30

Source: Ringo Chiu / Mullen Automotive (NASDAQ:MULNN) sparked excitement among its loyal investor base when it announced earlier this month that it will disclose details about a pilot program it participated in with a major organization. Though MULN stock is down sharply, Mullen fans should mark their calendars for June 30, which could potentially … Read more

Witness recounts hiding during robbery at Saanich bank

Hiding alone in the bank manager’s office while the gunman went to the vault, Shelli Fryer dialed 911 and left the line open, “praying they wouldn’t talk.” Shelli Fryer had been sitting in the manager’s office in the Bank of Montreal branch on Shelbourne Street for just a few minutes Tuesday morning when she heard … Read more

Desjardins backs Trudeau on inflation, argues against austerity

One of Canada’s biggest credit unions is warning against deeper spending cuts from Prime Minister Justin Trudeau’s government to wrestle down inflation, saying the economy is poised to slow sharply. Desjardins Securities Inc. entered the debate on how fiscal policy should look amid soaring inflation Wednesday, saying in a report to investors that the government … Read more