In a move that was widely expected, the U.S. Federal Reserve raised its key lending rate by 25 basis points to a range of 4.50% to 4.75%. This marks the eighth time the Fed has raised interest rates over the past year and a massive jump from near zero in March 2022. On the plus […]
Tag Archives: recession
31
Jan
Jan
The Bank of Canada raised its benchmark interest rate by 25 basis points to 4.5%, the highest level since 2007. This represents the eighth consecutive rate hike. In 2022, the Bank of Canada raised its key lending rate from 0.25% in March to 4.25% by December. Canada’s central bank has been raising its overnight lending […]
24
Jan
Jan
The so-called January Effect, the seasonal trend where the stock market experiences higher returns in January than any other month is in full swing. In fact, the TSX, S&P 500, and Nasdaq are all having their best start to a year since 2019. Despite booming investor optimism, 2023 looks like it will be a rocky […]
10
Jan
Jan
Bay Street and Wall Street just capped off one of the worst trading years in decades with the S&P 500 falling roughly 20% and the TSX posting a negative return of 8.5%. The decline was not as big as in the U.S., mostly because the commodities and financials components account for a larger share than […]
