By Samantha Bader, Co-President While people in Canada gripe about the rising costs of gas and food, inflation in Turkey has shot up to such a level that people may soon be starving in the streets. In October, inflation in Turkey rose at least 20%, the Lira crashed, and there is no sign of better days on the horizon.  Rising consumer prices are truly a … Continue reading Trouble in Turkey

By Tony Jiao, Staff Writer Henry Ford, the founder of the Ford Motor Company, famously said that, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  In an increasingly technologically advanced world of finance, this quote holds truer than ever before. From the … Continue reading The Secret Broker

By Johanna Fernandes, Staff Writer Risk assets tumbled Friday off the news of the B.1.1.529 Covid-19 variant, named Omicron, from South Africa. The World Health Organization (WHO) has designated Omicron as a Variant of Concern, as it is regarded as more contagious than the Delta and somewhat more resistant to vaccines. While markets faced a huge selloff Friday, the long-term outlook depends on how the … Continue reading New Omicron Variant Shakes Markets

By Jonathan Paglialunga, Director of Operations Wall Street is displaying some concern with the increase in COVID-19 cases overseas amid potential European lockdowns due to their inability to contain the fourth wave. Market professionals are uneasy that an increase in cases could result in another pandemic winter which could be a key factor in reshaping the nation’s economic recovery. This negative thought process is the … Continue reading Nasdaq Closes at Record High

By Forrester Sorensen, Staff Writer For many Canadians, the holidays can be an emotional and financially stressful time. Unfortunately, as the first signs of winter reveal themselves signalling the beginning of the holiday season, it is evident that the global supply chain will be adding to people’s holiday headaches this year. Supply Chain Issues The disrupted international supply chain has resulted in uncharacteristically long wait … Continue reading Holiday Shopping Horrors

By Ethan Currie, Staff Writer Albert Einstein once said, “compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” Despite the lack of excitement that traditional index fund or exchange-traded fund (ETF) investing shows, the results can be anything but boring. The best way to ensure consistent investment returns over a long-term horizon is to … Continue reading The Power in ‘Boring’ Investing

By Runisan Natheeswaran, Staff Writer The ability to repair your devices through a third party or by yourself has been a long and painful process for many people. Apple products have been notoriously known for their lack of repairability, with many consumers being forced to replace the product completely or to fix it through Apple or an Apple-affiliated servicer for an expensive price tag. However, … Continue reading Apple Joins the Right to Repair Movement

By Isabella Diez, Co-President Macy’s has recently received a suggestion to separate their e-commerce operations from their physical retail stores, but the response has not been positive. Saks Fifth Avenue, owned by Hudson’s Bay Company (HBC),  split into two companies earlier this year. This development resulted in keeping the e-commerce operations separate from brick and mortar.  Macy’s now is being influenced to do the same.  … Continue reading Macy’s Multiplies

By Rowland Goddard, Director of Finance The start of a Formula One race consists of 20 professional race car drivers lined up on a grid facing a blinking traffic light. Red lights illuminate, counting to five and then all lights are out and the race is on. Drivers accelerate their spaceship-like cars to speeds to over 250 km/h and it’s a race to the first … Continue reading Formula One: Driven by Money

By Jawad Abbas, Staff Writer The richest man in the world, Elon Musk, has decided to sell 10% of his Tesla shares. On October 26, David Beasley, the director of the UN’s World Food Programme declared that it was time for the ultra-wealthy to “step up now, on a one-time basis. Six billion dollars to help 42 million people that are literally going to die … Continue reading Musk Sells Tesla Stock