Analysts now expect profit for S&P 500 companies to have risen 4.1 per cent in the third quarter from a year ago, compared with an 11.1 per cent increase expected at the start of July, according to Refinitiv data.
The International Monetary Fund cut its global growth forecast for 2023 and sees U.S. growth this year to be a meagre 1.6 per cent, a 0.7 percentage point downgrade from July, reflecting an unexpected second-quarter GDP contraction. Amid rising expectation of another big jump in borrowing costs, the yield on the benchmark 10-year U.S. Treasury note hit a day’s high of 4.006 per cent, while growth stocks recorded losses.
100% NDP/Liberals Fault, RSP and Pension Funds taking a huge hit. Carbon Tax extra punishing for no reason at all. I you want poverty for ever, vote NDP/Liberal. If Jagmeet was a good man he would have triggered an election by now.
Buy the dip
Thank you Trudeau.
rexglacer Now who was it again that blocked development and printed money out of thin air (and used it to buy votes and pork barrel) thus damaging our economy and its ability to attract investment? Justin something-or-other I believe. This might have an impact on the TSX. Just sayin’
TrudeauDestroyingCanada TrudeauMustGo TrudeauResign TrudeauDictatorship TrudeauNationalDisgrace TrudeauworstPMever DefundLiberalFundedMedia ExposeWokeTeachers SaveOurGrandkidsFromWokeAdjendas
Simply a reaction to yesterday's trend in the U.S since the TSX was closed on Monday. A tad bit alarmist.. though who's to say it won't crash anyways?
Trudeau's Economy - the dope can't even manage the decline.