Inflation and Retail Sales Up…So Are Chances of a Rate Hike Canada’s economy rebounded in the second quarter with inflation and retail sales beating analyst expectations. Stronger data on the Canadian economy will certainly increase the chance the Bank of Canada will raise its key lending rate when it next meets in October. While this […]
Category Archives: Blog
19
Jul
Jul
The global trade war initiated by U.S. President Donald Trump is ramping up. On July 1, 2018, the U.S. began imposing a 25% tariff on Canadian steel and 10% tariff on aluminum. President Trump has also slapped China, Russia, Mexico, and the European Union with imposing tariffs. So far, each country has retaliated tit-for-tat, but […]
12
Jul
Jul
As More Cryptocurrencies Fail, Few Understand the Risks The cryptocurrency market has been one of the fastest growing sectors over the last couple of years, with Bitcoin, Litecoin, and Ethereum hogging most of the spotlight. With any new industry, there are going to be growing pains and it’s important for investors to understand the risks […]
05
Jul
Jul
Bank of Canada Hints at Looming Rate Hike The odds that the Bank of Canada will announce a rate hike on July 11 shot up after Governor Stephen Poloz said the economy was strong enough to support higher interest rates. This in spite of mounting tensions with the U.S. and fears of an all-out trade […]
28
Jun
Jun
Canadian Prime Minister Justin Trudeau announced that the recreational use of marijuana will be legal starting October 17, 2018. The government originally promised Canadians could legally spark up by July, but the date was pushed back by a few months. This gives both the provinces and producers more time to get ready. It should also […]
21
Jun
Jun
Global Economy Heading into a Storm U.S. President Donald Trump may be telling the world it is safer from a nuclear war thanks to his budding friendship with North Korean dictator Kim Jong Un but fears of a Trump-led trade war is putting the global economy at risk. During the two-day meeting of the Group […]
14
Jun
Jun
The Canadian dollar took a drubbing after U.S. President Donald Trump ramped up criticism on Prime Minister Justin Trudeau and threatened the county with additional tariffs, following a less than successful Group-of-Seven (G7) meeting in Quebec. Of particular concern is Trump targeting Canada’s automobile sector. Trump continues to rail against Canada’s dairy industry. On the […]
The way the market is moving has brought up a lot of questions, and a lot of frustration for many. And there are lots of things we could talk about when looking at it. We could talk about why we were being so patient with the market. We could talk about position sizing or why […]
Do you find yourself getting impatient, jumping into a trade too early … only to see it eventually come to the level you were waiting for, but by then the losses are mounting and you don’t feel comfortable holding it any longer so you stop out for a loss. Or does the setup you defined […]
There is an illusion that making money trading is easy. That all you need to do is to learn a setup, open a trading account, follow a plan and the financial goals you aspire to will come to you. In truth, trading is actually very simple. But success rarely comes as easily as we desire. […]
