One dead after potential wrong way crash on Highway 401 in Milton: OPP
One person is dead and another is in life-threatening condition after a driver was travelling in the wrong direction on Highway 401 in Milton Sunday, according to police.
It's election day in Canada and, to be honest, I don't think the markets are all that fussed about it.
Sure, it stands to reason investors will be watching closely to see the impact on sectors including energy, if there appears to be an aggressive push towards a low-carbon economy, and banking, if new taxes are imposed on banking profits above $1 billion. These two sectors combined represent 40 per cent of the S&P/TSX.
So far, from an election perspective, the markets have taken a wait-and-see approach.
However, it does look to be a rocky trading session as September appears to be living up to its reputation of being the most challenging month of the year for investors.
Concerns are mounting over the regulatory environment and troubled property market in China; there’s a U.S. Federal Reserve meeting this week; colder weather is increasing fears of further increases in the Delta variant; energy prices are high; and inflation remains a wildcard.
Investors are edgy over the growing sense of unease as company profit margins are squeezed, costs are rising and central banks are telegraphing they could be getting closer to pulling back on stimulus measures. Companies being hit are those linked to the global market recovery.
To be fair, the markets have been on fire. Year-to-date, the S&P/TSX is up approximately 17.5 per cent, the Dow more than 14 per cent, and the S&P 500 over 18 per cent. No market trajectory is straight up. Pullbacks are a normal and expected part of investing, yet still ring alarm bells when they happen.
It isn't going to take much for some investors to move to the sidelines.
Before you react, a few considerations:
1) If you have a diversified portfolio with money in cash, bonds and stocks, recognize we have been through periods of volatility before. If you have a reasonable time horizon of at least five years, for many the best course of action is to do nothing.
2) Don't try to time the market. Even the experts have to get it right twice -- going into the market and coming out of the market. Have a plan to rebalance your portfolio throughout the year and stick to the plan. Despite the speculation it is tough to know what will outperform at any given time. Buy good quality investments and think long-term investment verses short-term speculation.
3) Understand your tolerance for risk. Are you are looking for a return "of" your investment or a return "on" your investment? Take the time to really appreciate who you are as an investor. There will always be market challenges, however, the savvy investor will not let emotions dictate your investment decisions.
Bottom line: I'm not saying you have to buy and hold your investments forever. What I do hope is you make informed portfolio decisions based on who you are as an investor, your time horizon and your tolerance for risk. This strategy helps to ensure logic versus emotion drives your decisions.
One person is dead and another is in life-threatening condition after a driver was travelling in the wrong direction on Highway 401 in Milton Sunday, according to police.
Cabinet minister Dominic LeBlanc insists he's not planning a leadership campaign to head the Liberal party, should current leader and Prime Minister Justin Trudeau resign, seemingly quashing rumours he's planning to make a move for his boss' job.
A Montreal man is warning Tesla drivers about using the Smart Summon feature after his vehicle hit another in a parking lot.
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
"The Fall Guy," the Ryan Gosling-led, action-comedy ode to stunt performers, opened below expectations with US$28.5 million, according to studio estimates Sunday, providing a lukewarm start to a summer movie season that's very much to be determined for Hollywood.
Madonna put on a free concert on Copacabana beach Saturday night, turning Rio de Janeiro's vast stretch of sand into an enormous dance floor teeming with a multitude of her fans.
The Montreal-born actor, famed for his portrayal of Captain Kirk in "Star Trek," says he is open to reprising the iconic role in the sci-fi franchise as long as the storytelling is stellar.
How legitimate are claims by some content creators that the average person can earn passive income from social media platforms like TikTok and Instagram? Personal finance columnist Christopher Liew says it's quite possible, if you're willing to put in the initial time and effort.
The latest round of Gaza cease-fire talks ended in Cairo after "in-depth and serious discussions,"{ the Hamas militant group said Sunday, reiterating key demands that Israel again rejected.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.