Wednesday morning news reads
Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. (Bank of Canada)
Canada's balance sheet is deteriorating and the consequences could be significant for investors There is a clear and present financial danger mounting in Canada that few outside of the investment community appear to be concerned about. The problem involves the country’s deteriorating balance sheet, which, if we continue to ignore it, could leave us in a very precarious place, with loads of debt and an economy that has not recovered enough to support it. (Financial Post)
Swamp Thing Trump’s pardons sent an unmistakable message, capping the corruption of his tenure in office. (Atlantic)
10 Investing Lessons from 2020 Prices can always go lower, The bigger decline, the bigger the potential recovery, Volatility is alive and well , and more (Of Dollars And Data)
Terrible financial advice is going viral on TikTok The site is full of dubious personal finance myths. Here are 10 of them, and why you should be wary. (Vox)
Fox News is on a Historic Run at Last Place in Cable News. Here Are the Reasons Why. Fox News has been in last place in the cable news ratings for eight straight days. It’s still too early to say if this represents a seismic shift in the cable news landscape, or if it is just a temporary realignment in the wake of a uniquely historic few months. But Fox News ratings are trending down at a clip not seen in literally decades. Since the early aughts, Fox News has consistently been the most-watched, and arguably the most influential, cable news outlet — by a mile. (Mediaite)
Was this the best tow in session in Jaws History? Grab a pint, cast it to the big screen TV and sit back and watch some of the most gnarly waves ever.