Category: Uncategorized

Weekly Market Update March 11-March 15

Posted March 19, 2019

Written By: Steven Klos & Samuel Buddy Wiseman-Barker TSX rose 0.9% on the week, the S&P 500 saw a gain of 2.9%, and the Dow Jones industrial average saw a gain of 1.57%. The markets saw a fairly choppy week with no new updates on the trade dispute with the US and China. Boeing sent the Dow spiraling with the second 737 max 8 crashing for the second time in five months. Shares dragged the major indices down with investors fearing the accidents will effect Boeing’s bottom line. Wall Street’s bull market celebrated its 10-year anniversary this week after the S&P 500 and Dow Jones Industrial Average both bottomed out on March 9, 2009 during the global financial crisis. Over the past 10-years, US stocks have been on the rise, generating gains of 288.7% and 305.5% for the DJIA and S&P 500 respectively. The best-performing sectors over the period have … Continue reading Weekly Market Update March 11-March 15

Weekly Market Update (March 19 – March 23, 2018)

Posted March 28, 2018

Written By: Humna Wasim Late last week on Friday the market indices all suffered a lose with decrease changes in the previous close and percentages changes. Major dips in the market indices were observed in the DJI (Dow Jones Industrial Average) which was down 424.69, Nasdaq Composite Index fell 199.69, NYSE US 100 Index decreased 186.01, and the S&P/TSX Composite Index fell by 176.19. The Dow dropped 724 points after Trump signed an executive notice that would impose tariffs on up to $60 billion in Chinese imports, which also resulted to another 425-point drop Friday. The indices which suffered a minor lose at the end of the week were the S&P 500 which fell by 55.43, TR US Index decreased by 4.90 and Thomas Reuters Equity US Index, Thomas Reuters Equity Canadian Index fell 4.90, 3.25, respectively. Currencies market experienced a decrease beginning March 20th closed at 1.3071 and ended … Continue reading Weekly Market Update (March 19 – March 23, 2018)

Weekly Global Market update (June 5th – June 9th)

Posted June 12, 2017

Canadian stocks were marginally higher, U.S. large-cap stocks were mixed, and small-cap stocks rose by more than 1% in a week where divergences in sector performance and political news drove market sentiment. Helping small-cap stocks’ relative performance, compared with their large-cap counterparts, was both their greater exposure to the financial services sector, which outperformed as long-term Treasury yields rose, and their relatively small exposure to the technology sector, which lagged. Small-cap stocks recorded most of their outperformance following the testimony of former U.S. FBI Director James Comey Thursday morning, and they continued their rally even after the United Kingdom’s general election results showed that Theresa May’s party fell short of gaining the majority in Britain’s Parliament. The major benchmarks ended mixed for the week. Friday brought about an abrupt change in market dynamics, as market-leading stocks such as Amazon, Facebook, and Apple sold off, while a rally early in the … Continue reading Weekly Global Market update (June 5th – June 9th)

The Internal Revenue Service – Bitcoin

Posted April 6, 2014

By: Hanjun Lu The Internal Revenue Service (IRS) made an announcement on Tuesday virtual currencies like bitcoin will be taxed like property instead of currency in United States. The IRS released a number of questions and answers to clarify the tax issues related to virtual currencies like bitcoin. For example, if you receive wages in bitcoin, you have to pay taxes on it and at the market value of the bitcoin at that moment. This would be exactly same as got paid in dollars. Furthermore, the IRS said bitcoin is not legal tender, which could not used to pay taxes. On the other side, for the majority – investors, bitcoins will be treated like general commodities as mentioned by IRS. This means investors need to pay taxes for the capital gains after liquidity the assets if bitcoins appreciate in value. This could be recognized as capital loss and used to … Continue reading The Internal Revenue Service – Bitcoin

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