After an aggressive rate hiking cycle in both Canada in the United States during 2022, inflation data showed that the rate hikes have been effective. After peaking in the ~9% range, inflation has come down significantly and the Bank of Canada announced recently that inflation is now back at it’s 2% mandated target. The Bank… Read More
The You First Blog
It’s been a nice couple of years since the 2022 market correction. The S&P 500 (one of the US Indexes) bottomed out at 3,585 in October 2022 and sits at 5,684 as of October 3, 2024. Once again, markets have rewarded investors with a long-term mindset and who do not sell their investments in the… Read More
On Wednesday June 5th, Bank of Canada Governor Tiff Macklem announced a policy rate reduction of 25 basis points to 4.75%, down from 5.00%. In the announcement, Macklem cited easing inflation (April 2024 CPI at 2.7% y/y), core inflation measures slowing, and lower-than-expected first quarter GDP growth. BoC’s three-month measures suggest continued downward momentum. Macklem… Read More
Stock markets have provided healthy returns in the first five months of 2024, reaching new all-time highs led by U.S. and Japanese stocks. U.S. firms have delivered strong earnings, reflecting a resilient economy. Although positive for investors, the pace of these rallies and the rising valuations are cause for caution, and could lead to near-term… Read More
Over the past two years, investors have navigated through both the peaks and the troughs of financial markets. The notable double-digit decline in equities during 2022 was swiftly succeeded by a robust recovery in the concluding months of 2023. The final two months of 2023 saw a positive shift across asset classes, signaling broad market… Read More
The promising start to 2023 continued for investors in April as stocks posted more gains, bond yields were stable, and inflation cooled again. However, concerns remain around the direction of central bank interest rates, the debt ceiling, and consumer spending. Here’s a summary of the main events that steered the markets. Markets are up since… Read More