Lately I’ve been hearing from a lot of traders who are frustrated that the market is not giving them a lot of opportunities. Frustrated because they aren’t seeing big winning trades or huge gains in their account balance. Too many people come to trading with the expectation that it will be like winning the lottery, […]
16
May
May
Major Indexes Rattled as China Announces New Tariffs The long simmering trade war between the U.S. and China is heating up and the global markets are reeling. China announced on Monday, May 13 that it was raising tariffs on $60 billion-worth of U.S. products. The move is in retaliation to the increase of duties President […]
09
May
May
TSX Retraces on Lower Oil and Gold Prices The TSX has been one of the best performing stock exchanges in 2019. On April 23, the TSX hit a record intra-day high and record close. By the end of the first week in May, the TSX had advanced 16.0% year-to-date. Despite broad-based investor optimism though, the […]
02
May
May
Central Bank Keeps Lid on Rate Hikes, Cites Weak Economy The Bank of Canada kept its key interest rate unchanged and also downgraded its growth forecast for 2019. The Canadian economy had been chugging along in 2017 and 2018, but hit a brick wall in the fourth quarter of 2018, with the economy expanding at […]
25
Apr
Apr
TSX Closes at All-Time High During the fourth quarter of 2018, the TSX tumbled and ended the year 17% in the red. It’s been a different story in 2019. On Thursday, April 18, the TSX closed at a record 16,612.81, eclipsing the previous record close of 16,567.47 set in July 2018. Since the start of […]
18
Apr
Apr
IMF Cuts Canadian 2019 GDP Growth to 1.5% The U.S. economy is chugging along, but the same cannot be said for the Canadian economy. In fact, the International Monetary Fund (IMF) cut its outlook for the Canadian economy and global growth. For Canada, the IMF cut the country’s economic outlook to 1.5%. But even that […]
11
Apr
Apr
The Canadian economy has been sluggish and entirely unpredictable. In the fourth quarter of 2018, Canadian gross domestic product (GDP) advanced a miserly 0.4%. In September, November, and December, GDP contracted 0.1%. 2019 isn’t looking too much better. In January, GDP grew just 0.3%. In March, the Canadian economy lost 7,200 jobs—its first employment drop […]
04
Apr
Apr
Canadian and American Retail Sales Lag The Canadian and American economies continue to show signs they are slowing down. In addition to weak gross domestic product growth (GDP) in Canada and the U.S., consumer spending, a huge part of what actually fuels both economies, is stuttering—sparking fears of a recession. This is putting pressure on […]
28
Mar
Mar
Investor optimism was high in the first quarter of 2019. This was, no doubt, thanks to stellar gains on the S&P 500. There are still a couple days left in March, but the S&P 500 is up more than 13%. And investors continue to be bullish as we enter the second quarter of the year. […]
21
Mar
Mar
Canadian Dollar Headed to $0.62? Many investors thought the Canadian dollar would stage a comeback in 2019. It’s starting to look like the opposite is true, with some analyst’s predicting the Loonie could slide to as low as $0.62 versus the U.S. dollar. There is a lot of merit to these calls. The Canadian economy […]
