Skip to main content

Featured

RCMP Raids Accounting Firm Tied to Smith Government Appointee Amid Procurement Probe

                        RCMP officers at the office of accounting firm Jaberson & Associates in Edmonton on Thursday. An accounting firm owned by a government appointee under Alberta Premier Danielle Smith has been searched by the RCMP as part of a widening investigation into procurement irregularities within the province’s health system. The search is one of several conducted this week as federal officers executed multiple warrants connected to allegations of misconduct in Alberta Health Services contracting.  The probe has intensified scrutiny on companies linked to senior figures associated with the Smith government. RCMP officers were also seen at the Edmonton headquarters of MHCare Medical Corp., a firm at the centre of the broader procurement controversy that has persisted for more than a year. Police confirmed the execution of multiple warrants but declined to provide further details, citing the ongo...
Post a Comment
Read more

article

Labels

US stocks hope for economic stability after record highs

 


The US stock market has been on a roll this year, with the S&P 500 index up by 17% and hovering around 6% below its record high from January 2022. The market’s performance in the coming weeks will depend on how confident investors are that the US economy will experience a soft landing..

A soft landing is a scenario where the economy slows down moderately without going into a recession . Morgan Stanley Research believes that the US economy can achieve a soft landing, given the current housing cycle, income and spending trends, a stable labor market, and receding inflation. However, banking-sector turmoil and a resulting credit squeeze still pose some recession risk.

The recent stock market rally has Wall Street re-examining the potential for the US economy to pull off a soft landing scenario. Goldman Sachs expects the economy to react positively to the Fed’s monetary policy in 2024.

It’s worth noting that the stock market is not always a reliable indicator of the economy’s health. Therefore, investors should be cautious and not celebrate too soon.



Labels:

Comments

Post a Comment