Bank of Canada Hiked Key Interest Rate to 0.75 percent

Dear PGM Capital Blog readers, On Wednesday, July 12, the Bank of Canada (BOC) announced it’s raising the benchmark lending rate from 0.5 percent to 0.75 percent, which is Its first rate hike in nearly seven years  as can be seen from below chart. The central bank raised its overnight lending rate by a quarter-percentage-point Wednesday,[…]

Brazil Oh Brazil, Quo Vadis?

Dear PGM Capital blog readers In this weekend blog article, we want to elaborate on the latest corruption scandal that hit Brazil, when on Wednesday night, May 17,  Brazilian newspaper “O Globo” reported that Joesley and Wesley Batista, respectively chairman and chief executive of JBS S.A (OTCBB: JBSAY), Brazil’s largest meatpacker, had presented a secret[…]

Why Investing in StatOil can be lucrative

Dear PGM Blog reader, In this weekend blog article, we want to take the opportunity to discuss with you why Investing in Norway’s StatOil can be lucrative for income investors. INTRODUCTION: Statoil ASA, (STL.OL), a Norwegian multinational oil and gas company headquartered in Stavanger, Norway, is a fully integrated petroleum company with operations in thirty-six[…]

Is The West heading for a Recession in 2017 – 2018?

Dear PGM Blog readers, In this weekend blog article, we want to elaborate on the reported Q1-2017 growth, of several leading world economies, which were reported in the second half of April this year. Q1-2017 GDP GROWTH OF FRANCE: On Friday, April 28, France reported that the country quarterly GDP growth slowed to 0.3 percent in[…]