Finance, Economics & Technology

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December 2016

US Interest Rate: First Increase in a Year

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Today the US Federal Reserve (their central bank), headed up by Janet Yellen, raised the US interest rate by a quarter of a percentage point to 0.75% from 0.5%.

For the decision, Janet Yellen explained: Keep Reading

Christy Clark Gets Dramatic in Lead Up to Provincial Election

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Yesterday the Globe and Mail reported on the bold behaviour of British Columbia’s Premier Christy Clark at Friday’s climate change talks in Ottawa, and accredited it to an early bit of campaigning.

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Why Big Business is Excited About Trump

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It’s hard to know what Americans must be thinking right now about the country’s economic future. About half (give or take the popular vote…), of Americans voted for President-Elect Trump, and I can only imagine that many must now be feeling like they’ve had the rug pulled out from under their feet. For starters, their soon-to-be-President promised them he would remove the corruption from Washington, yet his Cabinet appears to be stacked with billionaires. He also attacked Clinton rigorously for her conflict-of-interest connection to The Clinton Foundation during the campaign, but now we hear that he will remain a producer on his reality tv show The Apprentice. With this said, it is easy to see why the markets favour Trump, and why we’ve continued to see stocks rally (the S&P’s 500-stock index has risen 5.6% since the election). Keep Reading

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