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: stock market
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 […]
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 […]
30
Jan
Jan
All eyes have been on big technology stocks thanks to the emergence of Artificial Intelligence and the need for software that can meet the need for massive amounts of data. Most big technology stocks are expected to do exceptionally well in 2025. In 2024, Nvidia Corporation stock rallied an impressive 171%. At the start of […]
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% […]
24
Sep
Sep
The U.S. Federal Reserve made a big splash, announcing an oversized interest rate cut; a move that is expected to have a big impact on U.S. and Canadian financial markets. Over the last 14 months, the Fed held its key lending rate at a two-decade high of between 5.25% and 5.50%. But with inflation winding […]
17
Sep
Sep
September is living up to its reputation as being one of the worst months for the stock market. After a volatile start to August, which saw the S&P 500 and TSX both tumble more than 5%, North American stocks experienced another big drop in early September after U.S. core inflationary data came in higher than […]
24
Jul
Jul
Last year was supposed to be a difficult one for stocks. It wasn’t. In 2023, the S&P 500 rallied an impressive 24%, the Nasdaq surged 43%, while the TSX registered a return of 8.12%. Heading into 2024, analysts continue to be cautious predicting 5% to 10% gains for the S&P 500. How Will Stocks Perform […]
25
Jun
Jun
After a year in which the Canadian economy experienced virtually no growth, the economy performed better than expected in the first quarter of 2024, with real gross domestic product (GDP) advancing 1.7% on an annual basis. That’s slower than the median forecast of 2.2% and below the Bank of Canada’s forecast of 2.8%, but it’s […]
04
Jun
Jun
The performance of Canada’s main index, the TSX, and its U.S. counterparts, the S&P 500 and Nasdaq, has taken Bay Street and Wall Street by surprise. After a robust 2023, in which the TSX rallied 8.1%, the S&P 500 grew 24.2%, and the Nasdaq advanced an impressive 43.4%, the outlook for 2024 was positive, but […]
