Category Archives: Blog

TSX Retraces on Lower Oil and Gold Prices The TSX has been one of the best performing stock exchanges in 2019. On April 23, the TSX hit a record intra-day high and record close. By the end of the first week in May, the TSX had advanced 16.0% year-to-date. Despite broad-based investor optimism though, the […]

Central Bank Keeps Lid on Rate Hikes, Cites Weak Economy The Bank of Canada kept its key interest rate unchanged and also downgraded its growth forecast for 2019. The Canadian economy had been chugging along in 2017 and 2018, but hit a brick wall in the fourth quarter of 2018, with the economy expanding at […]

TSX Closes at All-Time High During the fourth quarter of 2018, the TSX tumbled and ended the year 17% in the red. It’s been a different story in 2019. On Thursday, April 18, the TSX closed at a record 16,612.81, eclipsing the previous record close of 16,567.47 set in July 2018. Since the start of […]

IMF Cuts Canadian 2019 GDP Growth to 1.5% The U.S. economy is chugging along, but the same cannot be said for the Canadian economy. In fact, the International Monetary Fund (IMF) cut its outlook for the Canadian economy and global growth. For Canada, the IMF cut the country’s economic outlook to 1.5%. But even that […]

The Canadian economy has been sluggish and entirely unpredictable. In the fourth quarter of 2018, Canadian gross domestic product (GDP) advanced a miserly 0.4%. In September, November, and December, GDP contracted 0.1%. 2019 isn’t looking too much better. In January, GDP grew just 0.3%. In March, the Canadian economy lost 7,200 jobs—its first employment drop […]

Canadian and American Retail Sales Lag The Canadian and American economies continue to show signs they are slowing down. In addition to weak gross domestic product growth (GDP) in Canada and the U.S., consumer spending, a huge part of what actually fuels both economies, is stuttering—sparking fears of a recession. This is putting pressure on […]

Investor optimism was high in the first quarter of 2019. This was, no doubt, thanks to stellar gains on the S&P 500. There are still a couple days left in March, but the S&P 500 is up more than 13%. And investors continue to be bullish as we enter the second quarter of the year. […]

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 […]

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 […]