The Most Dangerous Negotiation
Dear valued client,Markets lost more ground this week as the U.S. economy added 151,000 jobs in February, slightly below the 160,000-170,000 anticipated by analysts and economists, but up from January’s figure of 125,000. The unemployment rate rose marginally to 4.1% from 4.0% the previous month, aligning with expectations of stability around that level.Federal Reserve Chair Jerome […]
Tariff U-Turn
Dear valued client,Markets are on track to lose ground this week amid forthcoming economic uncertainty. More on that below.Ukrainian President Volodymyr Zelensky is set to visit Washington, DC. to sign a minerals agreement with the United States, signaling a step toward peace amid ongoing tensions. This deal, which grants the U.S. access to Ukraine’s valuable […]
Potential Tech Disruptor
Dear valued client,Markets lost slight ground this week as the Bank of Canada cut its interest rate by 25 basis points to 3% amidst escalating trade tensions with U.S. President Donald Trump’s threat of imposing a 25% tariff. Governor Tiff Macklem stated that monetary policy has limited power to counteract the economic fallout from such trade […]
$100+ Billion for ‘Stargate’
Dear valued client,**Another reminder that if you would like to discuss your 2024 tax situation and RRSP contributions, please get in touch with me.**Markets finished in positive territory this week as Canada’s inflation rate dropped to 1.8% in December (compared to 1.9% in November and 2% in October). This decline was influenced by a temporary […]
Peace in 3 Stages
Dear valued client,Markets are on track to finish in positive territory this week as the U.S. inflation report for December came in at 2.9% (compared to 2.7% in November and 2.6% in October), aligning with market expectations. Higher inflation was driven significantly by a 2.6% rise in energy prices, with gasoline up by 4.4%. Food […]
Car Trouble
Dear valued client,2025 got off to a slow start as markets slid about half a percentage point. Early Wednesday, a horrific incident unfolded on New Orleans’ Bourbon Street where a driver, identified as 42-year-old Army veteran Shamsud-Din Jabbar, drove a pickup truck into a crowd celebrating New Year’s Eve. Jabbar then engaged in a shootout […]
2024 Review
Dear valued client,I hope you all had wonderful Christmas celebrations. ** A reminder that RRSP season is around the corner. The deadline for contributions this year is March 3rd. **Markets finished up slightly this week as 2024 was marked by significant global and domestic turmoil, with events that reshaped political and social landscapes. On the international […]
Political Pandemonium
Dear valued client,Markets experienced a selloff this week as the Federal Reserve implemented its third consecutive quarter-point rate cut. However, the outlook for 2025 remains uncertain due to persistent inflation and potential economic shifts under the incoming Trump administration. While the Fed previously projected four rate cuts for 2025, that number has now been revised […]
Regime Change
Dear valued client,Markets are on track to finish relatively flat this week as the Bank of Canada cut interest rates by 50 basis points to 3.25% reflecting ongoing efforts to stimulate the economy amid shifting conditions. While this marks the second consecutive jumbo-sized cut, economists suggest a shift in strategy going forward. Stephen Brown of […]
16+ for Social Media
Dear valued client,** Please note RRSP season is just around the corner. If you would like to get together in the New Year to discuss your tax situation for 2024, please get in touch with me. **Markets finished in the green again this week following a U.S. jobs report showing a stronger-than-expected increase of 227,000 jobs, […]
