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...
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 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....
Bank of Canada Raises Rates… again The Bank of Canada raised its overnight interest rates on June 7, 2023 by 0.25%. While we are sure that many Canadians were hoping rate hikes were a thing of the past, here we are again. Let’s examine why, but keep in...
Inflation drives interest rates. Interest rates drive everything else. So what could cause interest rates to decline? Lower inflation… specifically inflation below a year over year rate of 2%. The Bank of Canada’s target inflation rate is 2%. Look at the chart above...
