Theo Caldwell, of Caldwell Asset Management, on the IMF's positive report - one of the few optimistic outlooks for the economy, as many G8 leaders believe trade should continue.
Theo Caldwell, of Caldwell Asset Management, explains that many had speculated North American markets had gotten ahead of themselves, causing a big sell-off on Monday and sending commodity prices on roller coaster ride.
With the Toronto stock market taking a tumble, a financial investor discusses what could be the reasoning behind the markets nosedive and whether or not Canadians are still concerned about the lagging economy.
The Bank of Canada reports that surging household debit is the greatest risk to the financial system, with level of debt-to-income reaching record of 140 per cent of disposable income.mistic.
Ontarians in the manufacturing sector continue to bear the brunt of the job losses in the country, Caldwell said. In May, economic gains were actually made in other provinces and that's reason to be optimistic.
Finance Minister Jim Flaherty is under attack after revealing that the federal deficit will be much higher than expected, and the auto bailout and EI payments are being blamed.
The results of a 'stress test' of the 19 largest banks in the U.S. will be released Thursday, and at least 10 are expected to need additional capital, possibly from the TARP program.
Theo Caldwell, B.A., M.Sc., is President of Caldwell Asset Management Inc., an author and columnist, and an investment advisor in the United States and Canada.