MACROSCOPE: Monday’s negative WTI crude price is latest mind-boggling impact of pandemic
The coronavirus pandemic has unleashed one shock after another on the global economy, as investors and governments worldwide have struggled with the cascading impacts of one of the biggest health catastrophes in a century. On Monday, we saw another mind-boggling impact of the pandemic, when the contract for May delivery of West Texas Intermediate (WTI) crude oil fell by more than $55 per barrel to settle at negative $37.63 on the NYMEX. Click to read the full Macroscope here
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
How do we elevate your wealth?
It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.
News & commentary
February 2023 Portfolio Management Team Update
February 2023 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Portfolio Manager, iA Private Wealth February 21, 2023 Market Review Global equities rebounded in January from the December selloff, getting 2023 off to a strong start, as investors grew increasingly confident that central banks would ease up on their interest-rate hikes. The TSX surged […]Read more
January 2023 Portfolio Management Team Update
January 2023 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM®, Portfolio Manager, iA Private Wealth January 26, 2023 Market Review Global equities finished 2022 on a dismal note, capping an exceptionally challenging year as central banks around the world boosted interest rates sharply to combat the threat posed by surging inflation. The spike in […]Read more
2022 IAPW Tax Document Distribution Dates
2022 IAPW Tax Document Distribution Dates There are different mailing dates for different account types. Please click on the link below to view the expected delivery for both mail and online tax slips and reports. 2022 Important Yearend Information – Tax Document Distribution DatesRead more