The Toronto Stock Exchange, or TSX, has been rallying higher since bottoming in early April. That’s when U.S. President Donald Trump unveiled his “Liberation Day” global tariffs. Stocks sold off on fears of what a trade war with the U.S. would do to the global economy. The TSX, Canada’s main stock index, tumbled more than […]
Tag Archives: interest rates
26
Jun
Jun
Crude oil was one commodity few were discussing. At least until June 13. Before that, West Texas Intermediate was trading near a 52-week low near $60 per barrel, on concerns about how U.S. President Donald Trump’s tariffs would impact the economy. There was also growing optimism about a U.S.A./Iran nuclear agreement, which would likely result […]
19
Jun
Jun
To gauge the health of Wall Street, and, by extension, the U.S. economy, investors often look at how the S&P 500 is doing. The S&P 500 index, or Standard & Poor’s 500 index, tracks the performance of 500 leading companies that are publicly listed in the U.S. It’s weighted by market capitalization and covers roughly […]
12
Jun
Jun
On June 4, the Bank of Canada held its key interest rate at 2.75% for the second consecutive time. The central bank cited “unusual uncertainty” around inflation and unknowns about trade tensions with the U.S. Bank of Canada Governor Tiff Macklem said that U.S. tariffs continue to be the “biggest headwind” facing Canada. Macklem noted […]
05
Jun
Jun
The Canadian economy surprised to the upside in the first quarter, with gross domestic product (GDP) growing 2.2%. That’s far higher than the 1.5% growth economists had been predicting. There’s a reason for the solid economic growth, though. The big increase was fuelled by a bump in exports as businesses increased their inventory ahead of […]
22
May
May
The financial landscape is riddled with uncertainty. From ongoing trade tensions between Canada and the U.S. to global supply chain disruptions and geopolitical instability, Canadian investors are feeling the ripple effects everywhere. Stock market volatility and economic slowdowns are creating a challenging terrain for those planning portfolios, retirement strategies, or even short-term investments. The good […]
08
May
May
U.S. President Donald Trump has said that his global trade war will introduce a new “golden age” for the U.S. economy, one that includes lower prices, greater wealth, and more jobs. This new economic renaissance will, President Trump has claimed, be a result of his global tariffs. Despite saying his tariffs will bring in $2 […]
24
Apr
Apr
On April 16 the Bank of Canada announced it was holding its key policy rate, which directly impacts interest rates, at 2.75%. This was the first pause in interest rates after it announced seven consecutive interest-rate cuts. Financial markets and analysts were split on whether the Bank of Canada should deliver another quarter-point interest-rate cut […]
21
Apr
Apr
U.S. President Donald Trump’s unpredictable global tariffs continue to upend relations with the nation’s closest allies. Meanwhile, President Trump’s trade war, unexpected 90-day pause on tariffs, ramped-up tariffs on China, backpaddling on some tariffs against China, and promise that no country is “off the hook” on U.S. tariffs, continue to leave the stock market in […]
10
Apr
Apr
There are more than enough reasons to think the Bank of Canada will be forced to lower its key lending rate, which impacts interest rates, more deeply and quickly than previously thought. The biggest threat to the Canadian economy right now is U.S. President Trump’s barrage of tariffs, which has sent global stock markets reeling. […]
