KeatsConnelly Cross-Border Weekly Best of the Web 2014-12-12

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles focus heavily on investment issues beginning with a look at some generational investment thoughts, then a review of the current doldrums in Canada’s stock market and finishing with a piece looking at the Canadian dollar.

3 Investing Mistakes Millennials Don’t Know They Are Making (http://www.huffingtonpost.com/) – It is possible to have too much cash, just not if you are a millennial. The days of 2008-2009, when investors saw losses in their investment portfolios equal 50-60% of their value are all but memories for most, but surprisingly not the millennials. Millennials, ages 18-29, have spurred on some of the greatest technology based companies and tools that we have grown to love. Mark Zuckerberg, to name just one. While this generation propels innovation, they have surprisingly decided to adopt an investing strategy that closely mirrors that of the World War II generation, which is frankly, a non-investment strategy…

Stock rout tests Canada’s image as a safe haven (http://www.theglobeandmail.com/) – After Canadian stocks were pounded this week amid relative calm elsewhere, investors are starting to ask themselves an uncomfortable question: Has Canada’s stock market become a chronic laggard? The benchmark S&P/TSX composite index has staged a sudden reversal of fortune, largely due to broad sell-offs in the key energy and financial sectors. The index has dropped 4.2 per cent in the past two weeks, including Thursday’s 284-point plunge – its worst one-day decline in over a year…

Welcome to an 87¢ Canadian dollar (Wait long enough, it’ll be 81¢) (http://www.theglobeandmail.com/) – The Canadian dollar tumbled today as oil prices sank again, sliding ever closer to the 87-cent mark. The loonie, as Canada’s dollar coin is known, fell to a low of 87.08 cents U.S., its weakest since the summer of 2009. By late in the day, it sat only slightly higher, at 87.11 cents. This came as the oil market rout continued, with Toronto stocks plunging, as well. Today’s drop was driven by oil, which was in turn driven by sour economic news from China and Japan, said chief currency strategist Camilla Sutton of Bank of Nova Scotia. On top of that, Canadian stock prices plunged…

Come back next week for more interesting news and articles. Enjoy your weekend!

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