Stock Market State of The Union

Stock Market State of The Union

Stock Market State of The Union 2023 ever been an incredible year. We’ve had some big ups and downs in both the stock and bond markets. The Bank of Canada took its interest rate from 4.25% at the beginning of the year to 5% on July 12 which is where we finished...
Violence in the Markets

Violence in the Markets

Violence in the Markets 2023-11-07 October turned out to be consistent with it’s reputation. Sell off in the beginning of the month and rally in the second part of the month. This appears to be a turning point and as a result, we reallocated most portfolios to...
Thoughts on Canadian Housing

Thoughts on Canadian Housing

Thoughts on Canadian Housing A thought on Canadian housing. Canadian housing affordability is worse than it was in the late 80’s and early 90’s. One or a combination of three things need to happen to bring this back down: 1)  Wages rise2)  Interest rates...
What We’re Missing About The No Change for the Bank of Canada

What We’re Missing About The No Change for the Bank of Canada

Three Most Important Statements From the Bank of Canada The three most important statements in the Bank of Canada’s September 6, 2023 interest rate decision press release were: 1. Wage growth has remained around 4% to 5% [above the 3% target] 2. Year-over-year...
2023-08 Bank of Canada Raising Rates?

2023-08 Bank of Canada Raising Rates?

Bank of Canada Raising Rates in September? Will the Bank of Canada increase interest rates on September 6, 2023? How far will they go?My call is for a 0.25% increase at the next meeting. Not because I think they should increase rates but because I think they...
Portfolio Changes: Navigating the Shifting Tides of 2023

Portfolio Changes: Navigating the Shifting Tides of 2023

Portfolio Changes: Navigating the Shifting Tides of 2023 During this month, we made adjustments to our portfolio exposure by reducing our Canadian dollar-hedged position in the S&P 500 and replacing it with US dividend stocks that are also Canadian dollar-hedged....