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 […]
Category Archives: Blog
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 […]
17
Jan
Jan
U.S and Canadian stocks were up in the second week of January after it was reported that U.S. inflation fell for its sixth consecutive month. Oil prices climbed more than a dollar per barrel, extending a recent streak of gains, on growing investor optimism that inflation was on its way down. Oil prices are also […]
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 […]
29
Nov
Nov
There’s still a month left in the year but analysts are providing guidance for how they believe the Toronto Stock Exchange (TSX) and S&P 500 will do in 2023. The outlook for stocks listed on the TSX remains bullish while U.S. stocks may experience more volatility in 2023. Nothing is set in stone of course, […]
22
Nov
Nov
The S&P 500 has been trending steadily higher since the middle of October, rallying an impressive 12%. Over the same time frame, the TSX advanced 5.3%. But that momentum hit a brick wall in the middle of November amid concerns the Bank of Canada and U.S. Federal Reserve will need to continue their aggressive rate […]
15
Nov
Nov
Wall Street finally had reason to cheer after data from the U.S. Labour Department showed that inflation cooled in October to its slowest pace since the start of 2022. This sent stocks significantly higher and provided investors with some hope that the Federal Reserve will slow down its unprecedented steep interest-rate hikes. The consumer price […]
08
Nov
Nov
October is known on Wall Street as being a bear-market killer. And that maxim held true this year with the Dow Jones Industrial Average recording the best October in its 126-year history and best month since 1976. The blue-chip barometer entered the month in bear market territory, down 21% year-to-date and 22% off its early […]
The TSX may be doing better than the S&P 500 so far this year, with the Canadian index down 11.5% and the S&P 500 in bear market territory, but earnings season is showing a big divergent between the two. What Are Third Quarter Earnings Telling Us? According to the most recent data, the S&P 500 […]
20
Oct
Oct
Canadian Thanksgiving may have been a day to celebrate with family and friends, but that cheer didn’t get carried over into a day of strong trading on Tuesday, October 11. Instead, the TSX continued to sell off; over just four trading days the TSX lost more than 1,100 points and is trading at its lowest […]
