On February 19, the S&P 500 hit a record intra-day high of 6147.43. It’s been all downhill since then as U.S. President Donald Trump’s wavering tariffs threats undermine consumer optimism, fears of a recession, and a big dent in corporate profits How Will Tariffs Impact U.S. Stocks? The S&P 500 is down roughly 10% since […]
Tag Archives: interest rates
27
Mar
Mar
At the March Federal Open Market Committee (FOMC) meeting, the Federal Reserve kept its key overnight lending rate, which directly impacts interest rates, in a range of 4.25% to 4.5% for the second consecutive meeting. This came after the Fed announced three consecutive interest rate cuts that began in September 2024. The markets priced in […]
20
Mar
Mar
On March 12, the Bank of Canada cut its key lending rate, which impacts interest rates by 25 basis points from 3% to 2.75% This marks the seventh straight interest rate cut by the central bank since June 2024. Since last summer, the Bank of Canada has reduced its key lending rate by 225 basis […]
13
Mar
Mar
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 […]
06
Mar
Mar
What Are Trump’s Trade Tariffs? At 12:01 a.m. on Tuesday, March 4, President Trump kept to his word, enacting sweeping trade tariffs on all goods coming into the U.S. from Canada and Mexico. He has slapped an additional 10% tariff on Chinese imports. The 25% tariff affects nearly all Canadian and Mexican imports. Canadian energy […]
13
Feb
Feb
U.S. President Trump has paused implementing crushing, broad-based 25% tariffs on Canada and Mexico until early March, but that doesn’t mean he is taking a break from implementing any tariffs. On February 10, President Trump announced that he would be implementing a 25% tariff on all steel and aluminum entering the U.S. This is on […]
07
Feb
Feb
In late January, the Bank of Canada cut its key overnight lending rate, which impacts interest rates, by 25 basis points to 3%. This is the fifth straight cut since June 2024 when interest rates stood at 5%. The modest 0.25% interest rate cut was widely expected with Canada’s annual inflation rate falling to 1.8% […]
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, […]
16
Jan
Jan
The Bank of Canada cut its key lending rate, which sets interest rates, five times in 2024, from 5% in May to 3.25% in December. Despite the big drop in interest rates, policymakers had forecast that the central bank could be even more aggressive with its interest rate cuts in 2025. That now seems in […]
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 […]
