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 […]
02
Jun
Jun
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 […]
31
May
May
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, […]
26
May
May
Many analysts tout Consumer Defensive stocks as being “recession-proof.” But the fact is, no sector is truly recession proof, there are some that are more recession-resistant, though. And typically, that’s where Consumer Defensive stocks fall. What Are Consumer Defensive Stocks? Consumer defensive stocks are those companies that manufacture food, beverages, household and personal products, packaging, […]
19
May
May
Global stocks continue to slide as concerns about soaring inflation, rising interest rates, the war in Ukraine, and the possibility of a recession weigh down on investor sentiment. The S&P 500 is down 16% year-to-date, the Dow Jones Industrial Average has fallen 11.7%, and the Nasdaq has tumbled 25%. The TSX is also in the […]
12
May
May
April just ended and it wasn’t good for investors. In fact, U.S. stocks are off to their worst four-month start since 1939. And the carnage has continued into the opening weeks of May. As of this writing, the S&P 500 is deep in correction territory, which is defined as a 10% drop (but less than […]
05
May
May
The TSX, Canada’s main stock index, has been the envy of the North American markets with commodities and financial helping propel it to record levels. Those sectors have helped the TSX advance eight percent year-over-year. Over the same period of time, however, the tech-heavy Nasdaq is down 11% and the S&P 500 has slipped 1.5%. […]
28
Apr
Apr
Soaring inflation and how it will undermine global economic growth is capturing all the headlines right now. After years of stability, inflation was down during the pandemic, with rates cratering to record lows in 2020 on concerns about COVID-19. Inflation started to climb significantly higher in 2021 on the heels of supply chain issues, strong […]
21
Apr
Apr
Stocks ended 2021 at record levels but 2022 has been a different story with U.S. stocks down more than eight percent since the start of January. Canadian stocks on the other hand, which are being juiced by strong commodity prices, are up more than three percent in 2022 and continue to trade near record levels. […]
19
Apr
Apr
The Bank of Canada raised its benchmark interest rate by 50 basis points, or 0.5%, and said it expects Canada’s red-hot inflation will remain elevated for the rest of the year. Canada’s central bank also said it would stop buying government bonds on April 25, which is referred to as quantitative tightening (QT). The Bank […]
