Being Patient Pays
Published May 21, 2019 |
Lately I’ve been hearing from a lot of traders who are frustrated that the market is not giving them a lot of opportunities. Frustrated because they aren’t seeing big winning trades or huge gains in their account balance. Too many people come to trading with the expectation that it will be like winning the lottery, Read More
TSX and Nasdaq Tumble to 2-Month Lows as China Hits Back with $60 Billion in New Tariffs
Published May 16, 2019 |
Major Indexes Rattled as China Announces New Tariffs The long simmering trade war between the U.S. and China is heating up and the global markets are reeling. China announced on Monday, May 13 that it was raising tariffs on $60 billion-worth of U.S. products. The move is in retaliation to the increase of duties President Read More
TSX Slides from Record Highs and Shows Signs of Weakness
Published May 9, 2019 |
TSX Retraces on Lower Oil and Gold Prices The TSX has been one of the best performing stock exchanges in 2019. On April 23, the TSX hit a record intra-day high and record close. By the end of the first week in May, the TSX had advanced 16.0% year-to-date. Despite broad-based investor optimism though, the Read More
Bank of Canada Holds Rates and Lowers 2019 Growth Forecast as the Economy Stalls
Published May 2, 2019 |
Central Bank Keeps Lid on Rate Hikes, Cites Weak Economy The Bank of Canada kept its key interest rate unchanged and also downgraded its growth forecast for 2019. The Canadian economy had been chugging along in 2017 and 2018, but hit a brick wall in the fourth quarter of 2018, with the economy expanding at Read More
TSX Trading at Record Levels, But Still Faces Hurdles
Published April 25, 2019 |
TSX Closes at All-Time High During the fourth quarter of 2018, the TSX tumbled and ended the year 17% in the red. It’s been a different story in 2019. On Thursday, April 18, the TSX closed at a record 16,612.81, eclipsing the previous record close of 16,567.47 set in July 2018. Since the start of Read More
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