Recycling Rockets
Dear valued client,Markets rose again this week as Canadian inflation dropped to 1.6% in September (compared to 2% in August and 2.5% in July), its lowest level in three and a half years. This sharp decline, well below the Bank of Canada’s 2% target, has prompted economists to call for a more aggressive interest rate […]
Robotaxi Unveiled
Dear valued client,Markets posted another week of gains as the U.S. inflation rate slowed for the sixth consecutive month to 2.4% in September (compared to 2.5% in August and 2.9% in July), its lowest level since February 2021. Hurricane Milton, the second major storm to hit Florida in two weeks, made landfall near Siesta Key […]
Suspended Strike at the Docks
Dear valued client,Markets finished relatively flat this week amidst worries of supply-chain disruptions and escalations in the Middle East. On the upside, the U.S. Bureau of Labor Statistics reported strong job growth in September adding 254,000 jobs, significantly exceeding economists’ expectations of 150,000. The unemployment rate decreased slightly to 4.1%. Despite earlier signs of a potential […]
Non-Confidence
Dear valued client,Markets posted moderate gains following a week of light economic news. In Canadian Parliament news, after an initial failed attempt, the Conservative Party has introduced a second non-confidence motion aimed at toppling Prime Minister Justin Trudeau’s minority government. Conservative Leader Pierre Poilievre’s latest motion accuses the Liberals of driving up housing costs, increasing taxes, […]
Deep Cut
Dear valued client,Markets posted another week of gains. In a bold move, the Federal Reserve announced a significant 50-basis-point cut in interest rates, marking the first reduction in over four years. This decision, which lowers the benchmark rate to between 4.75% and 5%, reflects the Fed’s shift in focus from inflation control to bolstering the […]
Weigh the Resumes
Dear valued client, After a week of key inflation data and a Presidential debate, markets ended in positive territory. U.S. inflation data released Wednesday showed a CPI reading of 2.5% (compared to 2.9% in June and 3% in July), bringing inflation back to 2021 levels. However, core inflation, which excludes volatile items like food and […]
Singh-Trudeau Breakup
Dear valued client,Markets were turbulent this week and slid into negative territory amid concerns of a weak manufacturing activity report and valuations in the technology sector. Historically, the stock market tends to underperform in September, though it is uncertain how it will behave this year. While the Federal Reserve is expected to cut interest rates later […]
AI Bellwether Reports
Dear valued client,Markets nudged into positive territory this week as U.S. consumer confidence reached a six-month high, driven by a decline in inflation and expectations of an imminent interest rate cut. This optimism suggests that Americans are feeling more positive about the economy. However, concerns remain about the softening labor market as the unemployment rate, […]
What’s ‘Couche-Tard’ in Japanese?
Dear valued client, Markets see-sawed into positive territory this week as investors were caught between optimism of reduced interest rates in September and concerns of weak employment figures. Fed Chair Jerome Powell delivered a direct message from Jackson Hole today, confirming that the Fed will lower interest rates, a move anticipated by many but now […]
Inflation Wanes
Dear valued client, Markets closed out their best-performing week of the year as encouraging inflation data was released. The U.S. CPI came in at 2.9% in July (compared to 3% in June and 3.3% in May). This provides the Fed with ample evidence that price increases are waning and virtually guaranteeing a rate cut in […]
