It appears that employers and consumers did not get the recession memo. Employment is strong, and the Canadian consumer is spending at record levels. We have the same economic events playing out south of the border. The recession can wait. Perhaps we can revisit the recession talk and watch in the Fall or Winter. It’s […]
Buying the big Canadian banks, plus the debt ceiling on the Sunday Reads.
The U.S. debt ceiling standoff stole most of the headlines the past week. And “this just in” as they say on the nightly news – the Democrats and Republicans have potentially reached a deal. The debt ceiling will be increased and there will be no U.S. default. Phew! Of course most knew how this game […]
Sticky inflation on the Sunday Reads.
While we had some initial success in getting inflation down from the 8% range, we are now getting stuck in a zone that is much higher than the 2% “target”. I’d even suggest that rate hikes have had little to nothing to do with that inflation-fighting success. For higher rates to have a real impact, […]
Big U.S. tech earnings to the rescue on the Sunday Reads.
I was back at MoneySense for another week – making sense of the markets. So I had to pay attention to what the heck was going on. Big tech came up big in the U.S., moving the markets higher. And the more times you mentioned AI (artificial intelligence) in your earnings conference call, the greater […]
Making sense of it all, on the Sunday Reads.
It was quite the week, and I was back at MoneySense (filling in for Kyle Prevost) – Making Sense of the Markets. For MoneySense readers I reiterated my take (somewhat borrowed from my favourite economists and market analysts) that economic forces are in play, but we are moving in slow motion. Central bankers weigh killing […]
The rate hike hiatus continues in Canada, on the Sunday Reads.
It was an easy call, that The Bank of Canada would hold rates (again) and the rate hike hiatus was still in play in the Great White North. Though we did have a wonderful heatwave this week. Not so white, not so cold. We are in wait and see mode on the inflation-fighting front. The […]