Larry's Blog
U.S. Election: Some Reflections
October 28, 2020
Much controversy has been stirred up ahead of the U.S. 2020 election, and the suspense is unlikely to be fully settled on Election Day, which is less than one week away. In a country known for low turnout, amplified opportunities for early voting and mail-in ballots are expected to make 2020 an exception on that […] More
Central Bank Watch
Bank of Canada Left Overnight Interest Rate Target at 0.25%
October 28, 2020
Three 50-basis point interest rate cuts to an effective floor of 0.25% were implemented by Canadian central bank officials during March, and they continue to affirm that the rate will not be raised until “economic slack is absorbed so that the 2% inflation target is sustainably achieved.” Current projections do not anticipate that happening until […] More
New Overnight Developments Abroad - Daily Update
Intensifying Pandemic and Coming U.S. Election Rattle Investor Confidence
October 28, 2020
The world has experienced another very bad 24 hours with the coronavirus. Globally reported cases have risen by almost a half million people, and and the United States suffered over a 1000 more Covid-related deaths. For America, the first wave of the epidemic never really ended, whereas Europe is clearly into a second wave, and […] More
