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 […]
Category Archives: Blog
No other industry has captured Bay Street and Wall Street like the cannabis industry. Canada legalized adult-use recreational cannabis in October, and it finally opened the floodgate on cannabis and cannabis-related stocks. Yes, medical marijuana has been legal in Canada since 2001, but the revenues from that were limited. Sales from recreational cannabis use are […]
Is the Longest Bull Market in U.S. History Getting Old? Wall Street just celebrated the longest bull market in U.S. history on March 9. The big question now is, will stocks continue to trend higher and will the bull market continue, or is it on its last legs? For the most part, bull markets don’t […]
Statistics Canada released its numbers for the Canadian economy in the fourth quarter of 2018, and it wasn’t pretty. Fourth quarter gross domestic product (GDP) growth came in at an abysmal 0.4%. Far lower than projections of 0.08% and 1.2%. And much worse than the 2.0% GDP growth reported in the third quarter of 2018. […]
After an abysmal 2018, the TSX is one of the top performing stock markets in 2019; at least so far. Canadian stocks have been bullish thanks to some big names reporting strong fourth quarter results, strengthening crude oil prices, buoyant natural gas, and hopes that President Trump will delay increasing tariffs on Chinese imports. While […]
Bitcoin Passes Resistance Level, Remains Bullish…For Now Bitcoin is the largest cryptocurrency by market cap, at $70 billion. It is also the most well-known of the hundreds of cryptocurrencies out there. Like all cryptocurrencies, bitcoin has been on a volatile ride, with optimistic analysts seizing on any upticks, hoping for a bull run. For technical […]
Canadian Dollar Gets Boost from Solid Jobs Data Like the broader stock market, the Canadian dollar was in free fall over the last three months of 2018. It’s been a different story though in 2019, with the loonie rising against the U.S. dollar. The Canadian dollar got an additional boost on February 8 on unexpectedly […]
The devastating sell-off that took hold in October reached its zenith on December 24, marking the worst Christmas Eve decline on record. Since then, the bearish sentiment has vanished, and stocks have been bullish. Very bullish. January 2019 was the best January for stocks in 30+ years. What does that point to for the rest […]
Is investing in Canadian equities riskier than you think? According to one professor of finance, Canada is No. 1 when it comes to the percentage of money-losing companies trading on its public markets. But there may be more to this doom-and-gloom declaration than meets the eye. This fact further shows why it’s important for investors, […]
There doesn’t seem to be a lot of consensus on commodity prices in 2019. Or rather, opinions seem to be at polar opposites. Depending on who you ask, commodity prices are either going to rally in 2019 or be depressed. There are a lot of different reasons why a single commodity could be bullish or […]