(Chinese) Empire Strikes Back
Dear valued client,Markets gained significant ground this week with its best single-day performance since 2008 on Wednesday after the White House announced a 90-day reciprocal tariff pause. The U.S. also released encouraging inflation figures for the month of March, coming in at 2.4% (compared to 2.8% in February and 3% in January), the lowest it’s […]
Do you feel Liberated?
Dear valued client,Markets whiplashed this week, starting strong and changing directions following President Trump’s Rose Garden address (more on that below). The U.S. also reported a significant increase in employment in March, with 228,000 new workers added to the payrolls. This figure greatly exceeded economists’ predictions, which had forecasted a rise of only 140,000 jobs, and […]
Turmoil in Turkey
Dear valued client,Markets started the week off strong, only to fall in the red today with worries of higher inflation in the future. More on that below. President Trump announced a 25% tariff on countries purchasing Venezuelan oil and gas, as well as a separate 25% import tax on all cars not manufactured in the United […]
Fight for it Every Day
Dear valued client,Markets are on track to finish relatively flat after the first 4 trading days this week as the Fed opted to keep interest rates steady at 4.25% to 4.5%, aligning with expectations from economists. Despite maintaining rates, the Fed revised its economic projections, lowering the 2025 GDP growth forecast to 1.7% from 2.1% and […]
Economic Chess
Dear valued client,Another turbulent week for markets as the U.S. and Canada went tit-for-tat on tariff threats. The lack of clarity and direction of economic policy has prompted investors to pull back in recent weeks. On the bright side, inflation in the U.S. slowed more than expected in February, strengthening predictions that the Federal Reserve will resume cutting […]
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 […]
