Since I have been doing this investing blog, I have often read of various central banks’ target of a 2% rate of inflation. This is the figure that the Bank of Canada, the US Federal Reserve, European Central Bank, and other central banks often site. It got me to wondering why 2%? Was it arbitrary […]
Tag: Canadian economic news
Weekly Update for the week ending June 14, 2024
Over the last few weeks, I have been writing about common questions people ask when they first start investing. From ‘What is Investing?’ to today’s topic of ‘When should I start investing?’ with a few more questions to come in the next few weeks. While answering these questions, it occurred to me: before people even […]
Weekly Update for the week ending June 7, 2024
This week’s update kicks off with some promising news that could impact your future investments and for borrowers across the board, whether they are individuals with mortgages, personal loans, or businesses with loans. As anticipated, the Bank of Canada trimmed the Canadian benchmark interest rate by 0.25%. While it may seem like a small adjustment, it is a step in the right direction. Additionally, positive developments emerged on the US economic front, indicating a cooling job market, which often signals a slowdown in the US economy. This shift raises the possibility of a rate cut in the US later this fall.
Weekly Update for the week ending May 31, 2024
This past week, as I reviewed my three portfolios, I was surprised by the number of trades I had made in the past few months – a total of 21 across all portfolios. Unfortunately, all but one were on my TD Direct Investing account, costing me almost $200. While not a significant amount in the grand scheme, it is still $200 less available for investment. ☹️
Weekly Update for the week ending May 24, 2024
In a week marked by light economic news, Nvidia (NASD: NVDA) dominated the headlines. Investors were eager to see if Nvidia could meet sky-high expectations and whether the artificial intelligence (AI) fueled rally would keep rolling. Nvidia not only met but surpassed expectations, reaffirming its dominance in the AI market. The company delivered an exceptional […]
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 […]