Wall Street and Bay Street both ended 2021 at record levels and even extended those gains in the opening days of 2022. It’s been all downhill since then. Wall Street just reported its third straight quarterly loss while the TSX closed out its second consecutive quarterly loss as rising inflation and a looming global recession […]
Category Archives: Blog
Stocks continue to fall and the U.S. dollar is surging higher. With interest rates on the rise, inflation still at decade highs, and the odds of a global recession now hitting 98.1%, it appears that volatility is going to remain. The Dow Jones Industrial Average, which is an index made up of 30 large U.S. […]
29
Sep
Sep
Historically, September is the worst month for stocks. And September 2022 continued that tradition with heavy selling sending the S&P 500 to its June lows and re-entering bear market territory, which is defined as a drop of 20% or more from most recent highs. While September’s unprecedented sell-off was bad, October could be even worse. […]
22
Sep
Sep
The Canadian dollar performed well in the months following the coronavirus-fuelled stock market crash, rising approximately 22% to $0.8329 U.S. The Canadian loonie barrelled higher on stronger commodity prices and optimism around the roll-out of the COVID-19 vaccine. Fast forward a year and it’s a different story altogether, with the Canadian dollar falling to its […]
15
Sep
Sep
Canada’s inflation rate cooled in July to 7.6%, down from its peak of 8.1% in June. This has led some to believe that we will avoid a recession. But inflation is still unmanageably higher, at its third highest point over the last four decades and up more than double from the 3.7% mark from a […]
08
Sep
Sep
The Bank of Canada is scheduled to make its next rate announcement on September 7. Bay Street and Main Street are anxious to see what the central bank does in an effort to tame inflation, which is at a four-decades high of around eight percent. CIBC, one of the country’s biggest banks, said it expects […]
01
Sep
Sep
One of the biggest questions investors want to know is whether or not the stock market has bottomed and if the recent run on stocks will hold. As per usual, it depends on who you ask, there will always be perma-bears and bulls. But there are reliable economic indicators that suggest stocks still have further […]
28
Jul
Jul
Even during the best of times, the stock market follows seasonal fluctuations and patterns. During a Bear Market, though, fears of exaggerated swings can send investors running to the exits. This year has been no different with the S&P 500 down 20.6% during the first half of the year—the fourth worst first half-year performance on […]
22
Jul
Jul
Canadian and American stocks have taken a beating since the start of 2022 amidst a backdrop of surging inflation, rising interest rates, and concerns about a recession. But investors have been given a slight reprieve after a fall in long-term inflation expectations suggests the U.S. Federal Reserve will not raise its key lending rate a […]
19
Jul
Jul
The Bank of Canada surprised the markets when it announced it was raising its key lending rate by 100 basis points in an effort to crush inflation. Canada’s central bank is the first country in the G7 to announce such an aggressive rate hike. The Bank of Canada hiked its policy rate to 2.5% from […]
