Rebounding Canadian Economy Points to Even More Rate Hikes in 2018
Published July 26, 2018 |
Inflation and Retail Sales Up…So Are Chances of a Rate Hike Canada’s economy rebounded in the second quarter with inflation and retail sales beating analyst expectations. Stronger data on the Canadian economy will certainly increase the chance the Bank of Canada will raise its key lending rate when it next meets in October. While this Read More
As Fears of a Global Trade War Ramps Up, Investors Look for Best Places to Park Their Money
Published July 19, 2018 |
The global trade war initiated by U.S. President Donald Trump is ramping up. On July 1, 2018, the U.S. began imposing a 25% tariff on Canadian steel and 10% tariff on aluminum. President Trump has also slapped China, Russia, Mexico, and the European Union with imposing tariffs. So far, each country has retaliated tit-for-tat, but Read More
More Than 1,000 Cryptocurrenices Have Failed in 2018 and Most Investors Don’t Understand the Risks
Published July 12, 2018 |
As More Cryptocurrencies Fail, Few Understand the Risks The cryptocurrency market has been one of the fastest growing sectors over the last couple of years, with Bitcoin, Litecoin, and Ethereum hogging most of the spotlight. With any new industry, there are going to be growing pains and it’s important for investors to understand the risks Read More
The Odds of a Bank of Canada July Interest Rate Hike Soar
Published July 5, 2018 |
Bank of Canada Hints at Looming Rate Hike The odds that the Bank of Canada will announce a rate hike on July 11 shot up after Governor Stephen Poloz said the economy was strong enough to support higher interest rates. This in spite of mounting tensions with the U.S. and fears of an all-out trade Read More
Marijuana Will Be Legal in Canada October 17; But Timing Is Everything with Cannabis Stocks
Published June 28, 2018 |
Canadian Prime Minister Justin Trudeau announced that the recreational use of marijuana will be legal starting October 17, 2018. The government originally promised Canadians could legally spark up by July, but the date was pushed back by a few months. This gives both the provinces and producers more time to get ready. It should also Read More
Storm Clouds Forming, Risks to Global Economy Rising Fast
Published June 21, 2018 |
Global Economy Heading into a Storm U.S. President Donald Trump may be telling the world it is safer from a nuclear war thanks to his budding friendship with North Korean dictator Kim Jong Un but fears of a Trump-led trade war is putting the global economy at risk. During the two-day meeting of the Group Read More
Canadian Dollar Takes Beating after Trump Hammers Trudeau in Twitter Tirade
Published June 14, 2018 |
The Canadian dollar took a drubbing after U.S. President Donald Trump ramped up criticism on Prime Minister Justin Trudeau and threatened the county with additional tariffs, following a less than successful Group-of-Seven (G7) meeting in Quebec. Of particular concern is Trump targeting Canada’s automobile sector. Trump continues to rail against Canada’s dairy industry. On the Read More