How Are Stock Markets Doing? Canadian stock market volatility has soared over the last number of weeks amid concerns about President Trump’s on-again off-again tariffs. President Trump threatened 25% tariffs on Canadian goods in February but put them on hold until early March, then changed his mind and announced a reprieve until April 2. Since […]
Tag Archives: inflation
27
Feb
Feb
Canada’s inflation rate went in the wrong direction in January, with the Consumer Price Index ticking up to 1.9%. In December, Canada’s inflation rate was 1.8%. The increase was a little unexpected in light of the national GST holiday that ran from December 14, 2024 to February 15, 2025. It could have been a lot […]
20
Feb
Feb
The TSX had a pretty stellar 2024, advancing 21%. Will the Canadian stock market register gains similar to those in 2025, especially in light of U.S. President Donald Trump’s proposed 25% tariffs on Canadian goods and 10% tariff on oil and gas? Then there are the 25% tariffs on steel and aluminum, which would, according […]
23
Jan
Jan
With President Trump now in the Oval Office, Canadians and investors will be watching to see if he follows through on his proposed 25% tariff against Canadian goods. President Trump has said the tariffs are necessary because the U.S. has a $200 billion trade deficit with Canada. Interestingly, that number is sorely inflated. In 2023, […]
10
Jan
Jan
North American equities performed exceptionally well in 2024, even doing better than what analysts expected. After rising 24.3% in 2023, the S&P 500 rallied an impressive 23% in 2024, marking its best two-year run in 25 years. Those are big gains, especially in light of the fact that the S&P 500 has gained around 10.5% […]
26
Nov
Nov
Canada’s inflation rate unexpectedly jumped to 2.0% in October from 1.6% in September. Analysts were expecting Canada’s inflation rate to climb in October to 1.9%. Every month, Canadian inflation inched up 0.4%, versus expectations for a 0.3% gain. It was also the first time since May that Canadian inflation increased. Statistics Canada said the higher-than-expected […]
05
Nov
Nov
How Is the Canadian Economy Doing? The Canadian economy continues to underwhelm as years of high inflation and high interest rates hurt Canadian consumers and businesses. According to preliminary data from Statistics Canada, the country’s gross domestic product (GDP) grew at an annualized rate of just 1% in August; unchanged from July. Preliminary data also […]
29
Oct
Oct
The Bank of Canada made the widely expected move to lower its key interest rate by 50 basis points from 4.25% to 3.75%. This comes after three 25-basis-point cuts each in June, July, and September and is the first time that interest rates have been below 4% in two years. With Canadian inflation now down […]
22
Oct
Oct
The odds of the Bank of Canada making an oversized, 50-basis-point interest rate cut when it meets next on October 23 are up after the country’s inflation rate fell to 1.6% in September. That represents the lowest inflation rate in three and a half years. September’s inflationary reading of 1.6% was also down from 2.0% […]
30
Jul
Jul
In late July, the Bank of Canada announced that it was cutting its key policy interest rate for a second straight time and hinted that more cuts were coming should inflation continue to edge lower. The central bank reduced its overnight lending rate target by 25 basis points to 4.50%, taking it down to levels […]
