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Category Archives: Blog

Canadians Want Bank of Canada to Stop Rate Hikes as Finances and Housing Take a Hit

With inflation at a 30-year high, Canadians are beginning to feel the financial pressure, with the cost of everything from food to fuel and housing forcing some to look for ways to cut costs. To combat inflation pressures the Bank of Canada has started raising its key lending rates. But after just two rate hikes, […]

Disappointing Retail Stock Financials Point to a Recession

Stock Market

Many analysts tout Consumer Defensive stocks as being “recession-proof.” But the fact is, no sector is truly recession proof, there are some that are more recession-resistant, though. And typically, that’s where Consumer Defensive stocks fall. What Are Consumer Defensive Stocks? Consumer defensive stocks are those companies that manufacture food, beverages, household and personal products, packaging, […]

Stocks Continue to Slide, But Bottom Could Create Enormous Buying Opportunity

Global stocks continue to slide as concerns about soaring inflation, rising interest rates, the war in Ukraine, and the possibility of a recession weigh down on investor sentiment. The S&P 500 is down 16% year-to-date, the Dow Jones Industrial Average has fallen 11.7%, and the Nasdaq has tumbled 25%. The TSX is also in the […]

TSX Reports Fifth Straight Month of Declines as Recession Fears Mount

Steel and Aluminum Tariffs

The TSX, Canada’s main stock index, has been the envy of the North American markets with commodities and financial helping propel it to record levels. Those sectors have helped the TSX advance eight percent year-over-year. Over the same period of time, however, the tech-heavy Nasdaq is down 11% and the S&P 500 has slipped 1.5%. […]

Global Inflation Soars as Global Economic Growth Forecasts Tumble

Weak Economic Data and Geopolitical Tensions

Soaring inflation and how it will undermine global economic growth is capturing all the headlines right now. After years of stability, inflation was down during the pandemic, with rates cratering to record lows in 2020 on concerns about COVID-19. Inflation started to climb significantly higher in 2021 on the heels of supply chain issues, strong […]

Canadian Interest Rates Jump by 0.5% for the First Time Since 2000

Interest Rate Hike Soar

The Bank of Canada raised its benchmark interest rate by 50 basis points, or 0.5%, and said it expects Canada’s red-hot inflation will remain elevated for the rest of the year. Canada’s central bank also said it would stop buying government bonds on April 25, which is referred to as quantitative tightening (QT). The Bank […]

Canada’s Strong Economy Creates Massive Job Gains, But a Recession Is Still Possible

Healthcare Stocks

COVID-19 wreaked havoc on the Canadian and global economies. In February 2020, prior to the COVID-19 economic shutdown, the unemployment rate was 5.6%. Just three months later, the jobless rate hit a record high 13.7%. Since then, as the economy has reopened, Canada’s unemployment rate has steadily fallen. In fact, Canada’s jobless rate plunged to 5.5% in […]