Items that may only interest or educate me …. Increased TFSA contribution limit, probability of smaller interest rate increases in Canada and the USA, potential rail system gridlock (again) Let us start with some good news. The annual contribution limit for Canada’s tax-free savings account (TFSA) is set to rise from C$6,000 to C$6,500 for […]
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The week ending November 18, 2022
Items that may educate or interest only me …. Thanks to higher interest rates and slowing revenues, many companies are starting to feel the pinch of inflation. Higher interest rates are causing consumers to cutback, and even target what they purchase. According to Howard Marks, of Oaktree Capital, the combination of inflation and higher interest […]
The week ending November 11, 2022
Items that may only interest or educate me …. … lest we forget, more Canadian rate hikes, American October CPI, US mid-term elections, semiconductors. Let’s begin … Thanks to surprisingly huge jobs gains in Canada in October (108,000 new jobs, more than ten times the number economists expected), analysts believe the Bank of Canada (BoC) […]
The week ending October 28, 2022
Items that may only interest me …. More interest rate hike news, a reversal of fortunes for the Energy and Technology sectors, the city of tomorrow, and lucky investing In Canada the Bank of Canada (BoC) hiked its benchmark interest for the sixth time this year, this time by 0. 5%, bringing the Canadian benchmark […]
The week ending October 21, 2022
Items that may only interest me …. Statistics Canada data released this week showed Canada’s Consumer Price Index (CPI) year over year inflation rate for September rose to 6.9%, decelerating from 7% in August (analysts were expecting 6.8%). That is the third successive month that the year over year CPI has dropped. As well, Canada’s […]
The week ending October 14, 2022
Items that may only interest me …. For some analysts, semiconductor (chips) manufacturers are considered a proxy for economic growth. That is not good news as lately chipmakers have issued ominous warnings about the economy. Last week, AMD and Samsung both revealed that demand for their chips has plunged — a bad omen for the entire […]