Tag Archives: recession

Additional Interest Rate Hikes Still on the Table But Canada Is Not Headed for a Recession

Additional Interest Rate Hikes

Bank of Canada Governor Tiff Macklem said that the central bank’s aggressive interest rate policy is working at bringing down inflation. After raising its key lending rate 10 times since the start of 2022, from 0.25% to 5.0%, Canada’s inflation rate has retraced from a 39-year high of 8.1% in June 2022 to 4.0% today. […]

Where Should Investors Turn if Canada Enters a Recession?

How Should Canadians Invest During a Recession

With many economists and analysts still predicting Canada will enter a recession in 2024, investors may be wondering what they should do? Capitulate, wait on the sidelines, or get involved? What Are the Odds of a Soft-Landing Recession? First things first, the long-promised recession has not yet materialized but most believe it will. The Bank […]

Is Canada Still Heading for a Recession?

Is Canada Still Heading for a Recession?

Economists have been predicting a recession in Canada and the U.S. for months now. Despite decades-high inflation and an unprecedented interest rate hike policy, a recession has yet to materialize. If anything, the Canadian economy has proven to been more resilient than many expected. But cracks are beginning to appear. Economic growth is slowing, jobs […]

Inflation Unexpectedly Heats Up in April—Will the Central Bank Raise Rates?


Statistics Canada surprised the markets when it announced that the country’s inflation rate rose unexpectedly in April to 4.4%. After cooling in March to 4.3%, economists were expecting the inflation rate to continue decelerating to 4.1%. This represents the first increasing in inflation since June 2022, when Canada’s inflation rate hit a more than 40-year […]

Canadian Dollar Takes Hit as Oil Prices Fall

Stack of coins money with Canada flag, finance banking concept.

The Canadian dollar is taking a hit against the U.S. dollar, after positing its biggest decline since March. The Canadian dollar, which is trading at $1.33 compared to the U.S. greenback is down 0.8% over the last few trading days and has lost 3.7% of its value over the last year. The Canadian dollar is […]

Federal Reserve Hikes Rates for the 10th Time and Hints at a Pause

Federal Reserve

The U.S. Federal Reserve continued its inflation fighting ways on May 3 after it lifted its key lending rate by 25 basis points from a target range of 5.00% to 5.25%. This represents the 10th straight interest rate hike and the highest level since the autumn of 2007. Since it started raising interest rates in […]

Analysts Lower Q1 Earnings Estimates More Than Average for S&P/TSX Composite


First quarter earnings season has begun and the outlook for Canadian stocks is muted, with analysts lowering their first quarter earnings estimates more than average for S&P/TSX Composite companies. First quarter estimated earnings, on a per share basis, decreased by 8.9% from December 31 to March 31. This decline is far larger than the five-year […]

Inflation Is Cooling But Markets Still Pricing in an Additional Interest Rate Hike

Statistics Canada announced that Canada’s inflation rate fell to 4.3% in March from 5.2% in February—the slowest pace since August 2021. Any deceleration in inflation is welcome, but the 4.3% rate is still more than double the Bank of Canada’s two percent target. On a month-over-month basis, the consumer price index (CPI) was up 0.5% […]

Bank of Canada Holds Interest Rate at 4.5% As Inflation Cools

Interest rate on loan or deposit. Debt burden, high indebtedness. Savings on shopping purchases. Discounts and promotions concept. Wooden cubes and percent sign with copy space

Did The Bank of Canada Raise Interest Rates? Once every quarter the Bank of Canada updates its policy and provides an economic outlook. Historically, most Canadian’s don’t pay a lot of attention to these announcements. But ever since inflation soared to 40-year highs last summer, investors and Canadians alike have been paying close attention to […]

Canadian Oil Stocks Increasingly Bullish Following Unexpected Production Cut from OPEC+

candian oil stocks

Some analysts don’t provide guidance on energy stocks because the outlook for oil and gas can be hard to gauge. But some unexpected news just gave Canadian energy stocks an unexpected boost. Oil prices surged on Monday, April 3 after the Organization of the Petroleum Exporting Countries and their allies (OPEC+) shocked the market by […]