Tag Archives: stock market

Oil prices are down from their 2022 highs but are expected to remain near record levels, which will continue to be a boon for Canada’s energy sector. Despite economic headwinds, analysts at Deloitte Canada expect the price for Edmonton City Gate, a benchmark crude oil in Canada, to hover at around $101.35 per barrel. That’s […]

The disconnect between the recent stock market rally and economic climate helps explain the ongoing volatility. In 2022, the S&P 500 closed out the year down almost 20% while the TSX posted a negative return of 8.5%. That downward trend was reversed in the opening weeks of 2023 with the S&P 500 advancing 6.2% in […]

The definition of a recession is two consecutive quarters of negative growth. Unfortunately, we are only told we’re in a recession after the fact. Technically, the Canadian economy could be in the early stages of a recession. This may sound contrary to what we’re hearing about the Canadian economy. In January, the Canadian economy added […]

The S&P 500 finished 2022 down roughly 20%, flirting with a bear market. It was one of the worst trading years for the index since 2008, and a big difference from 2021 where the S&P 500 rallied nearly 27%. It’s been a different story, so far, in 2023, with the S&P 500 gaining 6.2% in […]

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 […]

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 […]