IMF’s Weak Outlook on Canadian Economy May Be Too Optimistic
Published April 18, 2019 |
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 Read More
Canadian Economy Sluggish; Unexpectedly Loses 7,200 Jobs in March
Published April 11, 2019 |
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 Read More
Canadian and American Economic Weakness Remains as Retail Sales Slide
Published April 4, 2019 |
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 Read More
Was a Stellar First Quarter the Start of a New Trend or Is It the Precipice of a Big Correction?
Published March 28, 2019 |
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. Read More
Canadian Dollar Expected to Sink to Record Lows as Prospects for a Recession Grow
Published March 21, 2019 |
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 Read More
Is Investing in Cannabis Stocks Too Risky?
Published March 18, 2019 |
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 Read More
Record Bull Market Hits 10-Years. Where Will Stocks Go From Here?
Published March 14, 2019 |
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” Read More