If you’ve felt the sting at the gas pump lately, you’re not alone. Since the US/Israel–Iran conflict began, oil prices have shot up and continue to climb. Brent crude oil is over 50% higher, West Texas Intermediate (WTI) nearly 70%. But the impact goes beyond filling up your vehicle, pushing up transportation costs and, in turn, the price of goods on store shelves – in other words, inflation. In this week’s update, let’s look at the differences between Brent and WTI oil (what are they anyway?), where does Canadian oil fit in, and why are these rising prices rippling through the economy.
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Weekly Update for the week ending May 17, 2024
With inflation stubbornly high, hopes for lower borrowing costs are fading. After three consecutive months of higher-than-expected inflation, you might be wondering: when will interest rates drop? Despite many anticipating a quicker resolution, the Federal Reserve (Fed) has opted to maintain a steady interest rate of 5.5%, waiting for clear signs that inflation is indeed […]
Weekly Update for the week ending April 12, 2024
This past week was pivotal for investors. The latest US inflation numbers, measured by the Consumer Price Index (CPI), could swing the door open for a possible US interest rate cut in June – if it indicated that inflation was on the decline. Conversely, flat, or rising inflation rates could extinguish any hopes for a rate reduction in June.
In this week’s edition of our series for new investors, I will cover a few of the risks beginners should be aware of when they start investing. Alongside the latest US inflation report and what it meant for investors, let’s see what else happened this past week….
Weekly Update for the week ending October 27, 2023
Items that may only interest or educate me ….
Canadian Economic news, US Economic news, Canadian deficit increases, …
Weekly Update for the week ending September 29, 2023
Items that may only interest or educate me ….
Canadian Economic news, US Economic news, Oil prices surge, Amazon goes to court, US government shutdown …
Weekly Update for the week ending September 15, 2023
Items that may only interest or educate me …. US Economic news, Another thing to worry the markets, Alphabet goes to court, New Kid on the block …. Canadian Economic news No major Canadian economic news this past week. US Economic news Consumer Price Index The Labor Department’s Consumer Price Index (CPI) Summary for August […]