Each week, our team publishes a blog and webcast.
Last Friday, the U.S. Bureau of Labor Statistics (“BLS”) said 372,000 jobs were added during June, far exceeding the 250,000 new jobs that economists had guessed. Almost immediately, investors feared the economy is stronger than believed, inflation will keep rising, and the Federal Reserve will have no choice but to continue hawkishly raising interest rates […]
The latest reports pegged inflation at 8.6% in the U.S. and 7.7% here in Canada. While price growth has been mostly broad-based, higher energy costs are by far leading the way, up 35% both north and south of the border. Excluding energy, inflation in Canada would have been 5.8% last month. Oil is 10% Off […]
Recently, the Bank of America published a new report discussing the relationship between women and money. The report concluded that while 94% of females believe they will be personally responsible for managing their own finances at some point, just 48% are confident doing so and only 28% feel empowered to act. 94% Believe they will […]
According to a recently published Manulife survey, Canadians are so concerned about rising interest rates that many feel they will have no choice but to sell their house. The survey was in the field between April 14 and April 20, 2022. Its sample size exceeded two thousand participants between the ages of 20 and 69 […]
For anyone under the age of 60, this inflationary environment is probably something you’ve read about but never actually experienced. Friday’s U.S. inflation report showed that during May, prices grew +8.6% compared to one year before. This was the highest inflation rate since 1981. April’s print was +8.3%, down from March’s +8.5% rate. The hope […]
A new registered account to be called the First Home Savings Account (“FHSA”) was introduced in the 2022 federal budget. It’s set to launch in 2023 and will be useful for young Canadian residents looking to save for a down payment to buy their first home. The account borrows attributes from both the RSP and […]
Last week, Canada’s big banks reported their quarterly results for the period covering February, March, and April 2022. Overall, the results were good. Just about every bank exceeded Bay Street’s expectations and all but one increased the dividend. A few themes are worth highlighting. All the banks are very well capitalized. In other words, if […]
For younger investors presently saving for retirement, allocating a percentage of each paycheque to an investment account accompanies several benefits. First, buying stocks at regular intervals rather than at one point in time will reduce the volatility within your portfolio. Take Scotiabank, for example. As the chart below suggests, a lump-sum purchase at the end […]
2021 represented a record year for insider selling. A total of $170 billion of stock was sold by company executives. So far, 2022 has been a turbulent year for investors. The Russian invasion, escalating energy prices, and higher interest rates to tame inflation have caused many to reduce the valuation multiple they are willing to […]
Corrections: *We mistakenly said the TSX has held up relative to the S&P 500 this year because of gold. We meant to say energy. *We said there is strong downside support on the S&P 500 at 4,900 points. As the S&P 500 is currently trading at 3,991, we meant to say 3,900 points.
