David Rosenberg: There’s only a 20% chance stocks have hit bottom, if the past 10 recession bear markets are any guide

What I love about our business is the eternal optimism. There will be growth in the spring, as Chauncey Gardiner would say. Google “Picking a Market Bottom” and you get 309 million results. Oh, but google “Picking a Market Peak” and all you get is 138 million.In any event, if picking bottoms is your thing,…

Trudeau’s real scandal: Shuttering Service Canada centres when our unemployed need them most

The biggest scandal of the Trudeau years just occurred, but most Canadians are oblivious to it.This is not some intellectual debate about prosecutorial discretion, that was triggered by the infamous SNC Lavalin Group Inc. scandal. Instead, it involves the abdication of the government’s most fundamental job, dealing with the dispossessed at a time of national…

Economists forced to rework projections as hopes for quick end to shutdown vanish

Economists and analysts at some of the country’s biggest financial institutions are reworking their projections for the economic fallout from the novel coronavirus pandemic after the government suggested closures of non-essential businesses were likely to last until July.At Royal Bank of Canada, economists had been looking at May as the likely end of the extreme…

Elon Musk’s SpaceX bans Zoom over privacy concerns -memo – The London Free Press

Elon Musk’s rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing “significant privacy and security concerns,” according to a memo seen by Reuters, days after U.S. law enforcement warned users about the security of the popular app.Use of Zoom and other digital communications has soared as many Americans have been…

Stocks stumble after 6.6 million U.S. jobless claims blow forecasts out of the water

North American markets bounced on Thursday as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past 6 million.Initial claims for unemployment benefits last week exceeded the top end of analysts’ estimates at 5.25 million, and U.S. President Donald Trump has warned of more economic pain as more states enforce sweeping…

Shopify suspends guidance, indicates it banned thousands of users for COVID-19 profiteering

Ottawa-based e-commerce giant Shopify Inc. announced Wednesday that it is suspending financial guidance as the coronavirus pandemic upends its business, and the company will give more detail on how business is evolving when it reports first-quarter earnings on May 6.Shopify said it is seeing merchants offer major discounts, and the company was forced to suspend…