The Bank of Canada cut its overnight lending rate, which impacts interest rates charged for mortgages and other loans, for the third time, bringing interest rates down to 4.25%. The 25-basis-point cut was widely expected by Bay Street and follows similar cuts in June and July. The September 5 interest rate cut represents the third […]
03
Sep
Sep
For much of 2023, the TSX traded in a tight range, but the U.S. Federal Reserve announced in early November that it was done raising interest rates and would pivot to cutting rates. While the Fed hasn’t announced any rate cuts just yet, investor optimism has sent the TSX steadily higher since then. How Are […]
30
Jul
Jul
In late July, the Bank of Canada announced that it was cutting its key policy interest rate for a second straight time and hinted that more cuts were coming should inflation continue to edge lower. The central bank reduced its overnight lending rate target by 25 basis points to 4.50%, taking it down to levels […]
24
Jul
Jul
Last year was supposed to be a difficult one for stocks. It wasn’t. In 2023, the S&P 500 rallied an impressive 24%, the Nasdaq surged 43%, while the TSX registered a return of 8.12%. Heading into 2024, analysts continue to be cautious predicting 5% to 10% gains for the S&P 500. How Will Stocks Perform […]
16
Jul
Jul
U.S. stock markets ripped higher after U.S. inflationary data cooled in June fanning the flames of an interest rate cut in September. The core consumer price index (CPI), which excludes volatile food and energy costs, climbed 0.1% from May. That’s the smallest increase since August 2021. On an annual basis, core inflation was up 3.3%, […]
09
Jul
Jul
In early June, the Bank of Canada cut interest rates for the first time since March 2020. The central bank cut its key overnight lending rate by 25 basis points to 4.75%. The big question is when the next interest rate cut will come. Will the Bank of Canada Cut Rates Again in July? At […]
25
Jun
Jun
After a year in which the Canadian economy experienced virtually no growth, the economy performed better than expected in the first quarter of 2024, with real gross domestic product (GDP) advancing 1.7% on an annual basis. That’s slower than the median forecast of 2.2% and below the Bank of Canada’s forecast of 2.8%, but it’s […]
18
Jun
Jun
The U.S. Federal Reserve said on June 12 that it was holding its key interest rate unchanged at approximately 5.5%, a level it has held since July 2023. The Fed has raised interest rates 11 times since March 2020 to fight inflation. Inflation has fallen from a high of 9% in June 2022 to 3.4% […]
11
Jun
Jun
The Bank of Canada cut its key lending rate by 25 basis points to 4.75%, the first rate cut since March 2020. The central bank said that further interest rate cuts were on the table should inflation continue to ease. The Bank of Canada was the first central bank among G7 nations to announce a […]
04
Jun
Jun
The performance of Canada’s main index, the TSX, and its U.S. counterparts, the S&P 500 and Nasdaq, has taken Bay Street and Wall Street by surprise. After a robust 2023, in which the TSX rallied 8.1%, the S&P 500 grew 24.2%, and the Nasdaq advanced an impressive 43.4%, the outlook for 2024 was positive, but […]
