“Summertime is always the best of what might be” – Charles Bowden US Fed Holds Rate Steady, Hints at Future Cuts; S&P 500 Hits Record High Close The US Federal Reserve opted to hold its key rate steady on Wednesday but hinted that its patience is waning regarding a near-term adjustment. Stating that it would “act… Read More
The You First Blog
“Poets are never unemployed, just unpaid” – Kathy Skaggs TSX Rises on Strong Jobs Report The Canadian economy added 27,700 jobs in May, per the Statistics Canada jobs report released this week. Stats Canada reported on Friday that the unemployment rate has fallen to 5.4%, down from 5.7% in April. Canadian unemployment is now the lowest… Read More
“I’m amazed how little politicians seem to have learned from history. Nobody is benefiting from a trade war” – Carlos Moedas China-U.S. Trade Negotiations Update In recent weeks, as we’ve written about, there has a been an overall increase in drama surrounding the ongoing trade dispute between China and the U.S. Here is a more… Read More
“Those who say it cannot be done, should not interrupt those doing it” – Chinese Proverb CMHC Updates Canada’s Housing Market Risk Levels The Canada Mortgage and Housing Corporation (CMHC) has lowered the country’s housing market from “highly vulnerable” to “moderately vulnerable” in a statement this week. The Crown Corporation reported on Thursday that an… Read More
“Success usually comes to those who are too busy to be looking for it” – Henry David Thoreau Bank of Canada Holds Key Rate Steady The Bank of Canada opted not to increase its key rate on Wednesday and cautioned “increased uncertainty” when discussing the timing of future rate increases. While future rate increases are… Read More
As discussed in the Anthony’s 2019 Outlook, political concern persists but economic fundamentals are still strong. The optimist sees opportunity in every challenge, and here we provide some context to support a cautiously optimistic outlook for 2019. Here are 10 charts providing a case for optimism in 2019: 1: The U.S. economy heated up in… Read More