Canada’s Inflation Rate Unexpectedly Jumps to 2.0%

Canada’s Inflation Rate

Canada’s inflation rate unexpectedly jumped to 2.0% in October from 1.6% in September. Analysts were expecting Canada’s inflation rate to climb in October to 1.9%. Every month, Canadian inflation inched up 0.4%, versus expectations for a 0.3% gain. It was also the first time since May that Canadian inflation increased. Statistics Canada said the higher-than-expected […]

S&P 500 and TSX Hit Record Highs on Trump Election Win

TSX Hit Record Highs

Since President-elect Donald Trump’s decisive election win on November 5, the stock markets have been on fire with the S&P 500, Dow Jones Industrial Average, Nasdaq, and TSX all hitting record highs. And that’s saying something. The broader stock markets did well in 2023, in spite of inflation, high interest rates, and fears of a […]

What Does a Trump Win Mean for Canadian Stocks?

Canadian stocks

President Donald Trump proved the naysayers wrong when he won a decisive victory on November 5, paving the way for the country’s 45th president to also be its 47th president. President-elect Donald Trump campaigned on a number of policies that will have big implications on both the Canadian economy and Canadian stocks. Will President Trump […]

Canadian Economy Stagnant, Pointing to Another 50-Basis-Point Interest Rate Cut

Canadian Economy Stagnant

How Is the Canadian Economy Doing? The Canadian economy continues to underwhelm as years of high inflation and high interest rates hurt Canadian consumers and businesses. According to preliminary data from Statistics Canada, the country’s gross domestic product (GDP) grew at an annualized rate of just 1% in August; unchanged from July. Preliminary data also […]

Bank of Canada Announces 50-Basis-Point Interest Rate Cut

Bank of Canada Announces 50-Basis-Point Interest Rate Cut

The Bank of Canada made the widely expected move to lower its key interest rate by 50 basis points from 4.25% to 3.75%. This comes after three 25-basis-point cuts each in June, July, and September and is the first time that interest rates have been below 4% in two years. With Canadian inflation now down […]

Odds of Big Interest Cut Increases as September Inflation Falls to 1.6%

Interest Cut Increases

The odds of the Bank of Canada making an oversized, 50-basis-point interest rate cut when it meets next on October 23 are up after the country’s inflation rate fell to 1.6% in September. That represents the lowest inflation rate in three and a half years. September’s inflationary reading of 1.6% was also down from 2.0% […]

Are Falling Interest Rates Good for the Canadian Dollar?

Falling Interest Rates

The Canadian dollar has not exactly been having a good year against its American counterpart. From the start of 2024 through to October 9, the Canadian dollar lost 3.36% of its value compared to the U.S. dollar. The Canadian dollar, which is trading at 1.371 per U.S. dollar, or $0.7293 U.S. cents, has weakened by […]

Energy Stocks Back in the Spotlight as Tensions in the Middle East Escalate

Energy Stocks Back in the Spotlight

Earlier this year Energy was one of the better-performing sectors, rising 17% from January to April. Fast forward to the middle of September, and Energy had the worst one-year performance (-4.59%), hampered by weakening demand and potential increased output from OPEC+. Wall Street sentiment can change in an instant though. Energy stocks got a big […]

S&P 500, Dow, and TSX Surge to Record Highs After Fed’s Big Interest Rate Cut

North American Stocks Surge

The U.S. Federal Reserve made a big splash, announcing an oversized interest rate cut; a move that is expected to have a big impact on U.S. and Canadian financial markets. Over the last 14 months, the Fed held its key lending rate at a two-decade high of between 5.25% and 5.50%. But with inflation winding […]

Stock Market Rebounds, But Smaller U.S. Rate Cut Expected

U.S. Rate Cut Expected

September is living up to its reputation as being one of the worst months for the stock market. After a volatile start to August, which saw the S&P 500 and TSX both tumble more than 5%, North American stocks experienced another big drop in early September after U.S. core inflationary data came in higher than […]