Just two per cent of the total companies in the S&P 500 index now represent 32 per cent of the entire index by market value.

Economic and market outlook for 2024

If the U.S. avoids recession, Canada's will probably be shallow

It’s difficult to make predictions, especially about the future.” One of my favorite prediction quotes comes by way of the legendary baseball player, manager and philosopher, Yogi Berra. This quote, like many of his famous quips, incorporates a meaningful paradox. Following up on my previous column, the TSX ended 2023 with a total return — […] Read more

The last eight years have been dominated by energy surpluses, and it looks like the next decade could be dominated by shortages as we begin to feel the effects of underinvestment and the political climate.

The looming energy predicament

I use the word predicament because “crisis” and “catastrophe” are grossly overused

A short 14 years ago, as oil approached $150 per barrel, chants of “Drill, Baby, Drill” were often heard at republican campaign rallies. While the republicans lost the election, the U.S. oil industry heard the message loud and clear, unleashing a torrent of investment in shale oil, boosting American production from about five million to […] Read more