As we discussed last Friday in our Weekly Update, the Bank of Canada followed up on expectations by raising its overnight rate by 25 basis-points to 1.00%. Analysts had forecast a rate hike in either October or December, but recent Q2 GDP growth data exceeded expectation, leading some to predict a rate hike this week…. Read More
“The Investor, unlike the Speculator, does not have to worry too much about the short term” – John Train Broad Retreat Leads TSX Lower The Toronto Stock Exchange’s S&P/TSX composite index continued its recent trend of staying relatively flat. On Friday, the TSX finished down 20.27 points, or 0.13% to finish at 15,191.60. 9 of… Read More
“Beware of little expenses; a small leak will sink a great ship” – Benjamin Franklin TSX Drops to End Week The Toronto Stock Exchange’s S&P/TSX composite index ended Friday down 20.17 points, or 0.13% to finish the week at 15,055.99. For the week, the TSX was up 0.7% for the week. The Loonie rose by… Read More
“Genius is a short memory in a bull market” – J.K. Galbraith TSX Drops on Financial & Telecom Selloff The Toronto Stock Exchange’s S&P/TSX composite index ended Friday down 40.87 points, or 0.27% to finish the week at 15,033.38. For the week, the TSX was down 224.59 points, or 1.47%, from last week’s close of… Read More
“The biggest problem is not to let people accept new ideas, but to let them forget the old ones” — John Maynard Keynes TSX Rises, Jobs Growth Keeps Rate Hike Door Open The Toronto Stock Exchange’s S&P/TSX composite index closed at 15,257.97, up 0.43%, or 66.01 points on Friday. The Friday closing number represents a… Read More