IMF’s Weak Outlook on Canadian Economy May Be Too Optimistic
IMF Cuts Canadian 2019 GDP Growth to 1.5% The U.S. economy is chugging along, but the same cannot be said for the Canadian economy. In fact, the International Monetary Fund (IMF) cut its outlook for the Canadian economy and global growth. For Canada, the IMF cut the country’s economic outlook to 1.5%. But even that…
Canadian Economy Sluggish; Unexpectedly Loses 7,200 Jobs in March
The Canadian economy has been sluggish and entirely unpredictable. In the fourth quarter of 2018, Canadian gross domestic product (GDP) advanced a miserly 0.4%. In September, November, and December, GDP contracted 0.1%. 2019 isn’t looking too much better. In January, GDP grew just 0.3%. In March, the Canadian economy lost 7,200 jobs—its first employment drop…
Canadian and American Economic Weakness Remains as Retail Sales Slide
Canadian and American Retail Sales Lag The Canadian and American economies continue to show signs they are slowing down. In addition to weak gross domestic product growth (GDP) in Canada and the U.S., consumer spending, a huge part of what actually fuels both economies, is stuttering—sparking fears of a recession. This is putting pressure on…
Was a Stellar First Quarter the Start of a New Trend or Is It the Precipice of a Big Correction?
Investor optimism was high in the first quarter of 2019. This was, no doubt, thanks to stellar gains on the S&P 500. There are still a couple days left in March, but the S&P 500 is up more than 13%. And investors continue to be bullish as we enter the second quarter of the year.…
Canadian Dollar Expected to Sink to Record Lows as Prospects for a Recession Grow
Canadian Dollar Headed to $0.62? Many investors thought the Canadian dollar would stage a comeback in 2019. It’s starting to look like the opposite is true, with some analyst’s predicting the Loonie could slide to as low as $0.62 versus the U.S. dollar. There is a lot of merit to these calls. The Canadian economy…
Is Investing in Cannabis Stocks Too Risky?
No other industry has captured Bay Street and Wall Street like the cannabis industry. Canada legalized adult-use recreational cannabis in October, and it finally opened the floodgate on cannabis and cannabis-related stocks. Yes, medical marijuana has been legal in Canada since 2001, but the revenues from that were limited. Sales from recreational cannabis use are…
Record Bull Market Hits 10-Years. Where Will Stocks Go From Here?
Longest Bull Market in U.S. History Getting Old Wall Street just celebrated the longest bull market in U.S. history on March 9. The big question now is, will stocks continue to trend higher and will the bull market continue, or is it on its last legs? For the most part, bull markets don’t just “end”…
Canadian Economy Grinds to a Halt in the Fourth Quarter
Statistics Canada released its numbers for the Canadian economy in the fourth quarter of 2018, and it wasn’t pretty. Fourth quarter gross domestic product (GDP) growth came in at an abysmal 0.4%. Far lower than projections of 0.08% and 1.2%. And much worse than the 2.0% GDP growth reported in the third quarter of 2018.…
TSX Bullish, On It’s Way to Erasing Q4 2018 Meltdown
After an abysmal 2018, the TSX is one of the top performing stock markets in 2019; at least so far. Canadian stocks have been bullish thanks to some big names reporting strong fourth quarter results, strengthening crude oil prices, buoyant natural gas, and hopes that President Trump will delay increasing tariffs on Chinese imports. While…
Is Bitcoin on the Verge of a Bull Run?
Bitcoin Passes Resistance Level, Remains Bullish…For Now Bitcoin is the largest cryptocurrency by market cap, at $70 billion. It is also the most well-known of the hundreds of cryptocurrencies out there. Like all cryptocurrencies, bitcoin has been on a volatile ride, with optimistic analysts seizing on any upticks, hoping for a bull run. For technical…