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 […]

The TSX Is Trading at Record Levels Despite Tariff Talk

TSX and Trump tariffs

The TSX had a pretty stellar 2024, advancing 21%. Will the Canadian stock market register gains similar to those in 2025, especially in light of U.S. President Donald Trump’s proposed 25% tariffs on Canadian goods and 10% tariff on oil and gas? Then there are the 25% tariffs on steel and aluminum, which would, according […]

Trump’s Tariff Talk Sparks Economic Uncertainties

25% Tariffs on Canadian Steel and Aluminum

U.S. President Trump has paused implementing crushing, broad-based 25% tariffs on Canada and Mexico until early March, but that doesn’t mean he is taking a break from implementing any tariffs. On February 10, President Trump announced that he would be implementing a 25% tariff on all steel and aluminum entering the U.S. This is on […]

Will the Bank of Canada Make an Emergency Rate Cut Amidst Trump’s Tariffs?

Bank of Canada and economic impact of Trump’s tariffs on interest rates.

In late January, the Bank of Canada cut its key overnight lending rate, which impacts interest rates, by 25 basis points to 3%. This is the fifth straight cut since June 2024 when interest rates stood at 5%. The modest 0.25% interest rate cut was widely expected with Canada’s annual inflation rate falling to 1.8% […]

Massive Stock Market Rout Highlights Risks with Big Technology

Massive Stock Market Rout Highlights Risks with Big Technology

All eyes have been on big technology stocks thanks to the emergence of Artificial Intelligence and the need for software that can meet the need for massive amounts of data. Most big technology stocks are expected to do exceptionally well in 2025. In 2024, Nvidia Corporation stock rallied an impressive 171%. At the start of […]

How Will President Trump’s Tariffs Impact the TSX?

Trump’s Tariffs Impact the TSX

With President Trump now in the Oval Office, Canadians and investors will be watching to see if he follows through on his proposed 25% tariff against Canadian goods. President Trump has said the tariffs are necessary because the U.S. has a $200 billion trade deficit with Canada. Interestingly, that number is sorely inflated. In 2023, […]

Strong Canadian Economic Data Increases Odds of Interest Rate Pause

Bank of Canada Interest Rate

The Bank of Canada cut its key lending rate, which sets interest rates, five times in 2024, from 5% in May to 3.25% in December. Despite the big drop in interest rates, policymakers had forecast that the central bank could be even more aggressive with its interest rate cuts in 2025. That now seems in […]

What’s in Store for the TSX and S&P 500 in 2025 After Hitting Record Highs in 2024?

What’s in Store for the TSX and S&P 500 in 2025

North American equities performed exceptionally well in 2024, even doing better than what analysts expected. After rising 24.3% in 2023, the S&P 500 rallied an impressive 23% in 2024, marking its best two-year run in 25 years. Those are big gains, especially in light of the fact that the S&P 500 has gained around 10.5% […]