Category Archives: Blog

U.S. Economic Outlook Slashed for Third Quarter The Federal Reserve does not think the devastating effects of Hurricane Irma and Hurricane Maria will have a long-lasting influence on the U.S. economy. But when it comes to the near term, Irma and Maria are expected to have a huge impact on U.S. gross domestic product (GDP) […]

Is a Stock Market Crash Coming in 2018? The economic expansion that helped propel stocks to record levels is about to celebrate its 10th anniversary. While not an exact science, the cyclical nature of the economy predicts a downturn approximately every 10 years. The last one, in 2008, led to the Great Recession and wiped […]

Is cryptocurrency the money of the future or will it explode and take investor money with it? Bitcoin-like cryptocurrency have become a global phenomenon and, for some investors, has taken over gold as a safe haven asset. But should Bitcoin or other decentralized cryptocurrencies be in everyone’s portfolio? Just like you would with any currency, […]

Gold Prices at 12-Month High on Strong Momentum Gold prices recently hit $1,350 an ounce on mounting concerns about the strength of the U.S. economy, the weak U.S. dollar, and escalating tensions with North Korea. Bullion may be a at a 12-month high and some analysts are predicting a pull-back, but ongoing economic and political […]

Central Bank Surprises Markets, Raises Key Lending Rate The Bank of Canada raised its key lending rate on September 5 to one percent, up from a rate hike to 0.75% in July. The two rate hikes in 2017 erase the two rate cuts that came in 2015 in response to plunging oil prices.1 “Recent economic […]

U.S. Economic Outlook Dire if Government Shuts Down  Standard & Poor has warned of a dire outcome for the U.S. economy if the White House and lawmakers fail to reach a deal to keep the government operating and avert a default. Because of the urgency to address the flooding in Houston, the likelihood of a […]

iStock.com/Photobuay Equities in Nosebleed Territory The U.S. stock market, the biggest in the world, continues to notch record gains, and this is making investors nervous. Is the stock market overvalued or are investor fears unfounded? According to a recent survey, approximately 36% of investment managers think the U.S. stock market is undervalued or fairly valued […]

Interest Rates Nudge Higher The Bank of Canada raised its key lending rate one-quarter of a percentage point to 0.75% from 0.50%. This represents the first rate hike since 2010. The big question is, is this good or bad news for Canadian investors?1 The Bank of Canada initially lowered its interest rate to prevent the […]

U.S. Factory Orders Fall More Than Expected New orders at U.S. factories fell more than expected in May. This is causing concern over the strength of the manufacturing sector, since manufacturing is responsible for around 12% of the U.S. economy. According to the U.S. Census Bureau, U.S. factory orders fell by a seasonally adjusted 0.8% […]

Loonie Climbs as Canadian Economy Strengthens The Canadian loonie has been rebounding against the U.S. dollar after reporting solid first quarter gross domestic product (GDP) data and hints from the Bank of Canada that a rate hike could be just around the corner. While this suggests the Canadian economy is improving, there is a downside. […]