Category Archives: Blog

The Canadian dollar performed well in the months following the coronavirus-fuelled stock market crash, rising approximately 22% to $0.8329 U.S. The Canadian loonie barrelled higher on stronger commodity prices and optimism around the roll-out of the COVID-19 vaccine. Fast forward a year and it’s a different story altogether, with the Canadian dollar falling to its […]

Canada’s inflation rate cooled in July to 7.6%, down from its peak of 8.1% in June. This has led some to believe that we will avoid a recession. But inflation is still unmanageably higher, at its third highest point over the last four decades and up more than double from the 3.7% mark from a […]

The Bank of Canada is scheduled to make its next rate announcement on September 7. Bay Street and Main Street are anxious to see what the central bank does in an effort to tame inflation, which is at a four-decades high of around eight percent. CIBC, one of the country’s biggest banks, said it expects […]

One of the biggest questions investors want to know is whether or not the stock market has bottomed and if the recent run on stocks will hold. As per usual, it depends on who you ask, there will always be perma-bears and bulls. But there are reliable economic indicators that suggest stocks still have further […]

Even during the best of times, the stock market follows seasonal fluctuations and patterns. During a Bear Market, though, fears of exaggerated swings can send investors running to the exits. This year has been no different with the S&P 500 down 20.6% during the first half of the year—the fourth worst first half-year performance on […]

Canadian and American stocks have taken a beating since the start of 2022 amidst a backdrop of surging inflation, rising interest rates, and concerns about a recession. But investors have been given a slight reprieve after a fall in long-term inflation expectations suggests the U.S. Federal Reserve will not raise its key lending rate a […]

The Bank of Canada surprised the markets when it announced it was raising its key lending rate by 100 basis points in an effort to crush inflation. Canada’s central bank is the first country in the G7 to announce such an aggressive rate hike. The Bank of Canada hiked its policy rate to 2.5% from […]

The Canadian economy is on fire but fears of a recession remain. Statistics Canada announced that the unemployment rate fell to its lowest point ever in June to 4.9%. On top of that, some economists believe the Canadian economy is growing at more than four percent. With the Canadian economy running so hot it is […]

After rallying an impressive 26.9% in 2021 the S&P 500 entered 2022 on an even more bullish note, hitting a record high of 4,818.62 on January 4. The outlook for the remainder of the year was solid, with analysts expecting the index would extend its rally, ending the year at 5,225, for a one-year increase […]

Canadian inflation is at 7.7%, the highest level since 1983. And that soaring inflation is hurting the average Canadian, so much so that 45% say they are worse off now than they were last year at this time. That’s the highest level since at least 2010. With the Bank of Canada expected to announce a […]