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 […]
Tag Archives: interest rates
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 […]
