Canada’s inflation rate unexpectedly jumped in August for the second month in a row. This increases the odds that the Bank of Canada could increase interest rates at least once more this year. After pausing its overnight lending rate earlier in September, investors were optimistic that it would hold interest rates at 5%. Will The […]
20
Sep
Sep
For the most parts, stocks have been having a pretty solid year with the S&P 500 climbing 17.4% from January through August and the TSX up 4.68% over the same period. These gains come despite stubbornly high inflation, high interest rates, and ongoing fears about a recession. Even the Cboe Volatility Index (VIX), which is […]
12
Sep
Sep
On September 6, the Bank of Canada announced it was holdings its key interest rate at 5%. In a prepared statement the country’s central bank said the cooling job market and slowing economic growth were two reasons why it opted to pause its benchmark lending rate. The Bank of Canada said, however, that should inflationary […]
05
Sep
Sep
The Bank of Canada has been aggressively raising interest rates to cool the economy and stave off a recession. Since March 2022, it has increased its key lending rate 10 times, from 0.25% in March 2022 to a 22-year high of 5.00% in July 2022. It looks like the interest rate hikes are working, and […]
31
Jul
Jul
The TSX did better than its American counterparts in 2022 but its been a different story in 2023. U.S. stocks did exceptionally well in the first half of 2023 with the S&P 500 closing out the second quarter up 15.5%. This is impressive, but not as good as the artificial intelligence (AI)-fuelled run on the […]
27
Jul
Jul
Canada’s inflation rate has been declining at a steady pace over the last year, from 8.1% in June 2022 to 2.8% in June 2023. That’s the lowest level since early 2021. And at 2.8%, Canada’s inflation rate has fallen within the Bank of Canada’s target range of 1% to 3% percent. Despite the big drop […]
18
Jul
Jul
Canada’s inflation rate peaked at 8.1% in June 2022. A year later and its at 3.4%. That’s a big drop, and getting close to the long-term average of 3.15%, but it’s not low enough for the Bank of Canada, which just announced it raised its key interest rate by 25 basis points to 5.0%. To […]
11
Jul
Jul
Bay Street and Wall Street tumbled lower on Thursday, July 6 after strong economic data out of the U.S. suggested the labour market remains resilient, pointing to yet another interest rate hike. Data from payroll-services firm ADP showed that private payrolls jumped to 497,000 in June, more than double the 220,000 Wall Street analysts were […]
27
Jun
Jun
The Bank of Canada has raised interest rates nine times since the start of 2022, from 0.25% to the current rate of 4.75%. The central bank has taken an aggressive rate hike policy in an effort to tame stubbornly high inflation. Yet, despite higher interest rates, which is designed to slow consumer consumption, Canadians continue […]
20
Jun
Jun
Depending on who you talk to, stocks are either going way up or way down. Right now, the trend is on the side of the bulls. On June 15, the S&P 500 hit a fresh 52-week high of 411.95, as investors reacted to the Federal Reserve pausing its rate hike. The S&P 500 is officially […]
