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Market Update: Dow Drops Over 1,000 Points
Yesterday, the Dow Jones Industrial Average (DJIA) closed down 1,031 points, its largest drop since February 2018. This drop, which erased all of the Dow's 2020 gains, can be attributed to a few factors: Heavy overnight losses in Europe and Asia, Bernie Sanders' strong win in Nevada, which established him as the front-runner for the Democratic nomination, Outbreaks of novel coronavirus (COVID-19) in Iran, Italy, and South Korea
ABCs of SRI
Socially Responsible Investing (SRI) also known as sustainable or "ethical" investing is the blanket term for all investing that aims to achieve positive and sustainable goals, as well as competitive return.
Socially responsible investing is an approach that considers the social and environmental consequences of investing. SRI investors ask: Is this portfolio helping fund positive change?
How Viral Outbreaks Affect Markets
An outbreak of Coronavirus in Wuhan, the capital of China's Hubei province, has dominated headlines. Currently, the Public Health Agency of Canada, the WHO, and the CDC are advising travelers to exercise enhanced caution while travelling to or from China. A global alert has not yet been issued.
Bank of Canada Holds Despite Slower Growth
This morning, the Bank of Canada (BoC) held the overnight target rate at 1.75%. In the Bank's press release, however, there were suggestions that a rate cut could be in the cards if growth continues to fall short of projections.
Market Update: Iran Tensions to Dissipate?
It all begins with an idea.This morning, President Donald Trump gave a statement regarding the last week of military activity between the United States and Iran. While some saw this activity as a prelude to war, Trump's statement this morning appeared to sail a different tack. Trump struck an uncharacteristically conciliatory tone, and most analysts read today's statement as a step in the right direction.