All eyes have been on U.S. stocks this year, but the biggest winner so far has been the Toronto Stock Exchange (TSX), Canada’s main index. Despite a raft of global tariffs, weakening economic data, and higher costs, the S&P 500 and Nasdaq are both hovering near record levels. As of September 8, the S&P 500 […]
05
Sep
Sep
The trade war with the U.S. is starting to hurt the Canadian economy. The Canadian economy shrank in the second quarter much more than expected, as U.S. tariffs and a strong Canadian dollar hit exports. How Are Tariffs Impacting the Canadian Economy? Second-quarter gross domestic product (GDP) fell by 1.6% at an annualized rate. It […]
31
Jul
Jul
Fears of what a global trade war would do to the economy have been holding investor sentiment back. That doesn’t mean the stock market isn’t doing well—it is. The S&P 500, Nasdaq, and TSX are all at record levels. If anything, investors are anxiously waiting to see how stocks did in the second quarter. U.S. […]
24
Jul
Jul
The S&P 500, which is an index that tracks how 500 leading stocks listed in the U.S. are doing, just hit another record high. On Monday, July 21, the S&P 500 hit a new record intra-day high of 6336.08. The index is up 2.4% so far this month, which is pretty strong. July is actually […]
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Jul
Jul
In early April, U.S. President Donald Trump unveiled his global tariff policy. At the time, the President promised “90 deals in 90 days.” His plan didn’t go well. Fears of what a global trade war would do to the economy sent stocks reeling. What’s Happening with the U.S. Trade War? Just days after announcing what […]
10
Jul
Jul
The Toronto Stock Exchange, or TSX, has been rallying higher since bottoming in early April. That’s when U.S. President Donald Trump unveiled his “Liberation Day” global tariffs. Stocks sold off on fears of what a trade war with the U.S. would do to the global economy. The TSX, Canada’s main stock index, tumbled more than […]
26
Jun
Jun
Crude oil was one commodity few were discussing. At least until June 13. Before that, West Texas Intermediate was trading near a 52-week low near $60 per barrel, on concerns about how U.S. President Donald Trump’s tariffs would impact the economy. There was also growing optimism about a U.S.A./Iran nuclear agreement, which would likely result […]
19
Jun
Jun
To gauge the health of Wall Street, and, by extension, the U.S. economy, investors often look at how the S&P 500 is doing. The S&P 500 index, or Standard & Poor’s 500 index, tracks the performance of 500 leading companies that are publicly listed in the U.S. It’s weighted by market capitalization and covers roughly […]
12
Jun
Jun
On June 4, the Bank of Canada held its key interest rate at 2.75% for the second consecutive time. The central bank cited “unusual uncertainty” around inflation and unknowns about trade tensions with the U.S. Bank of Canada Governor Tiff Macklem said that U.S. tariffs continue to be the “biggest headwind” facing Canada. Macklem noted […]
05
Jun
Jun
The Canadian economy surprised to the upside in the first quarter, with gross domestic product (GDP) growing 2.2%. That’s far higher than the 1.5% growth economists had been predicting. There’s a reason for the solid economic growth, though. The big increase was fuelled by a bump in exports as businesses increased their inventory ahead of […]
