The first week of 2024 got off on the wrong foot for U.S. stocks. They slipped by 1.80%. North of the border the big Canadian dividend payers rose to the occasion delivering 1.5%. Given that, it might be fitting that I updated the Beat The TSX Portfolio post to include the returns for 2023. That […]
Guesswork don’t work on the Sunday Reads.
Happy holidays and happy Sunday. This week we’ll kick things off with two videos on the same theme. The economist and financial prognosticator industry is massive. Just turn on BNN Bloomberg, CNBC, or other. The problem is, they all get it wrong, just about all the time. Charlie Bilello brings that to life with the […]
Canada is winning the inflation fight on the Sunday Reads.
Inflation continues to move in the right direction. While we have a ways to go to get to the Bank of Canada’s 2% target, it is good news. We can thank lower energy costs for much of the heavy lifting in the inflation report from this past week. It’s possible that lower energy prices might […]
Stocks had their best week of the year on the Sunday Reads.
Stock markets in the U.S. cheered a rate pause and a weaker than expected jobs report. U.S. stocks had their best week of the year and of course, Canadian and international stocks played along. Equities notched sizable weekly gains as investors grew hopeful that the Federal Reserve’s rate-hiking campaign is over. The Dow was up […]
How much do you need to retire? And waiting on the stock markets on the Sunday Reads.
If you’re wondering why your portfolio has stalled it’s not you , it’s the markets. Stock markets and even a sensible balanced portfolio has not gone anywhere in the last two years. And no worries on that front, that’s normal stock market and portfolio behaviour. We can stall or decline for extended periods. Those stalls […]
RBC shows the way as Canadian banks report earnings on the Sunday Reads.
It’s what most Canadian investors were waiting for – Canadian banks earnings reports. The two biggest banks, RBC and TD were first out of the gate. The general consensus among bank analysts was that the banks would show softening earnings. While TD stuck to the script, RBC (once again) had other plans. RBC is not […]