Let’s just call 2023 the year most everyone got most everything wrong. Inflation is now under control and the higher rate environment did not cause a recession. We can thank banked pandemic savings, plus strong employment and wage gains for the resilient economy. Economists called for a recession in 2023. Market experts predicted negative to […]
Looking to Canadian stocks on the Sunday Reads.
Canadian stocks are cheap, or dirt cheap as one of my recent Sunday Reads offered. Pessimism and risk can create lower stock prices. Another post recently noticed that Canada was slipping. Our productivity is nowhere to be seen. We don’t appear to have a national growth strategy beyond (much needed) immigration and buying some battery […]
Smooth sailing, on the Sunday Reads.
The stock markets were able to leave the banking crisis behind. We moved on to more smooth sailing with markets up about 3-4% for the week. The first quarter was very strong. And growth sectors led the way. Historically, a strong first quarter sets the table for a strong year. That said, the storm clouds […]
The Canadian banks report on the Sunday Reads.
This past week the big Canadian banks reported earnings. It was a solid reporting season for the big banks. Profits are still healthy, though the banks are preparing for potential economic weakness as they increase their emergency funds for the potential of bad loans. When money is moved for those loan loss provisions, that takes […]
The tax-free first home savings account in Canada (FHSA).
The first home savings account goes live on April 1, 2023. It is a program to help first time home buyers save for a home, in tax-free fashion. The program can be used on top of the current Home Buyers Plan (HBP) that is part of the RRSP savings vehicle. We can also throw in […]