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Canadian and American stocks have taken a beating since the start of 2022 amidst a backdrop of surging inflation, rising interest rates, and concerns about a recession. But investors have been given a slight reprieve after a fall in long-term inflation expectations suggests the U.S. Federal Reserve will not raise its key lending rate a […]

The Bank of Canada surprised the markets when it announced it was raising its key lending rate by 100 basis points in an effort to crush inflation. Canada’s central bank is the first country in the G7 to announce such an aggressive rate hike. The Bank of Canada hiked its policy rate to 2.5% from […]

The Canadian economy is on fire but fears of a recession remain. Statistics Canada announced that the unemployment rate fell to its lowest point ever in June to 4.9%. On top of that, some economists believe the Canadian economy is growing at more than four percent. With the Canadian economy running so hot it is […]

After rallying an impressive 26.9% in 2021 the S&P 500 entered 2022 on an even more bullish note, hitting a record high of 4,818.62 on January 4. The outlook for the remainder of the year was solid, with analysts expecting the index would extend its rally, ending the year at 5,225, for a one-year increase […]

Canadian inflation is at 7.7%, the highest level since 1983. And that soaring inflation is hurting the average Canadian, so much so that 45% say they are worse off now than they were last year at this time. That’s the highest level since at least 2010. With the Bank of Canada expected to announce a […]

When Will the Stock Market Bottom? The S&P 500 and Nasdaq are entrenched in a bear market, and fears of a recession are mounting. However, analysts believe the stock market will bottom near 3,000 over the coming months and mount a strong comeback—with the S&P 500 rallying to the 6,000 level. Investors have been on […]

The stock market entered 2022 at record levels. Since then, though, global risk appetite has been cobbled by a combination of soaring inflation, rising interest rates, and fears of a looming recession. These economic headwinds have sent global stocks careening significantly lower. Why Is the Stock Market Falling? As of Monday June 13, the S&P […]

Crude oil prices have been on a tear since bottoming in April 2020 at $6.50 per barrel, but oil prices have sustained their highs above $100 per barrel since the early days of the Ukraine war. The price of Brent crude, which is the global benchmark, ripped above $124.00 per barrel in late May, the […]

The S&P/TSX Composite Index rallied higher on Monday, May 30, marking the seventh consecutive session in which the index has closed higher. This marks the longest winnings stretch since October 2021, when the index went on a 14-trading-day streak. The TSX has rallied 5.3% over the last 12 months but is down 1.4% year-to-date. That […]

With inflation at a 30-year high, Canadians are beginning to feel the financial pressure, with the cost of everything from food to fuel and housing forcing some to look for ways to cut costs. To combat inflation pressures the Bank of Canada has started raising its key lending rates. But after just two rate hikes, […]