U.S. Economy Shrinks for First Time in 3 Years Ahead of Tariffs

Tariffs Impact the U.S. Economy

U.S. President Donald Trump has said that his global trade war will introduce a new “golden age” for the U.S. economy, one that includes lower prices, greater wealth, and more jobs. This new economic renaissance will, President Trump has claimed, be a result of his global tariffs. Despite saying his tariffs will bring in $2 […]

Was the Bank of Canada Right to Hold the Key Interest Rate at 2.75%?

Bank of Canada Right to Hold the Key Interest Rate at 2.75%

On April 16 the Bank of Canada announced it was holding its key policy rate, which directly impacts interest rates, at 2.75%. This was the first pause in interest rates after it announced seven consecutive interest-rate cuts. Financial markets and analysts were split on whether the Bank of Canada should deliver another quarter-point interest-rate cut […]

U.S. President Donald Trump’s 90-Day Pause on Tariffs Leave Stock Markets in Limbo

Tariffs Leave Stock Markets

U.S. President Donald Trump’s unpredictable global tariffs continue to upend relations with the nation’s closest allies. Meanwhile, President Trump’s trade war, unexpected 90-day pause on tariffs, ramped-up tariffs on China, backpaddling on some tariffs against China, and promise that no country is “off the hook” on U.S. tariffs, continue to leave the stock market in […]

Bank of Canada Could Make Deeper, Faster Cuts to Interest Rates Amid U.S. Trade War

Bank of Canada interest rate cuts

There are more than enough reasons to think the Bank of Canada will be forced to lower its key lending rate, which impacts interest rates, more deeply and quickly than previously thought. The biggest threat to the Canadian economy right now is U.S. President Trump’s barrage of tariffs, which has sent global stock markets reeling. […]

S&P 500 Sours on Tariffs, But Tariffs Could Help the TSX

TSX Is Outpacing S&P 500 in 2025

On February 19, the S&P 500 hit a record intra-day high of 6147.43. It’s been all downhill since then as U.S. President Donald Trump’s wavering tariffs threats undermine consumer optimism, fears of a recession, and a big dent in corporate profits How Will Tariffs Impact U.S. Stocks? The S&P 500 is down roughly 10% since […]

Federal Reserve Holds Interest Rates But Additional Cuts Expected in 2025

Fed Holds Interest Rates & Blames Tariffs

At the March Federal Open Market Committee (FOMC) meeting, the Federal Reserve kept its key overnight lending rate, which directly impacts interest rates, in a range of 4.25% to 4.5% for the second consecutive meeting. This came after the Fed announced three consecutive interest rate cuts that began in September 2024.  The markets priced in […]

Bank of Canada Cuts Interest Rate to 2.75% Amidst a Trade War with the U.S.

Bank of Canada Cuts Interest Rate to 2.75%

On March 12, the Bank of Canada cut its key lending rate, which impacts interest rates by 25 basis points from 3% to 2.75% This marks the seventh straight interest rate cut by the central bank since June 2024. Since last summer, the Bank of Canada has reduced its key lending rate by 225 basis […]

Stock Market Turmoil Gives Insight Into Tariff Winners and Losers

Tariff Winners and Losers

How Are Stock Markets Doing? Canadian stock market volatility has soared over the last number of weeks amid concerns about President Trump’s on-again off-again tariffs. President Trump threatened 25% tariffs on Canadian goods in February but put them on hold until early March, then changed his mind and announced a reprieve until April 2. Since […]

President Trump’s Tariffs Kick In Causing Stocks to Crater

President Trump’s Tariffs Kick In Causing Stocks to Crater

What Are Trump’s Trade Tariffs? At 12:01 a.m. on Tuesday, March 4, President Trump kept to his word, enacting sweeping trade tariffs on all goods coming into the U.S. from Canada and Mexico. He has slapped an additional 10% tariff on Chinese imports. The 25% tariff affects nearly all Canadian and Mexican imports. Canadian energy […]

Canada’s Inflation Increases to 1.9% in January, Increasing Odds of a Rate Cut

Canada’s Inflation Increases to 1.9% in January

Canada’s inflation rate went in the wrong direction in January, with the Consumer Price Index ticking up to 1.9%. In December, Canada’s inflation rate was 1.8%. The increase was a little unexpected in light of the national GST holiday that ran from December 14, 2024 to February 15, 2025. It could have been a lot […]