How Tariff Wars Are Impacting the Canadian Dollar—And What It Means for Us
With all the talk about tariffs and their effect on the Canadian and US economies, I started wondering – what do these trade battles mean for the already weak Canadian dollar? My first thought? It can’t be good. But that made me realize I wasn’t entirely sure how tariffs influence our currency or what that means for us as consumers, businesses, and investors. As Daenerys Targaryen would say, “Let’s begin!”
Last week, I talked about sector diversification and how it helps reduce risk in your portfolio. This week, I want to build on that by introducing sector rotation – a strategy some investors use to try and stay ahead of market trends. But before we dive in, if you’re new to investing, sector rotation might […]
With tariffs dominating the news the last few weeks, I thought it’d be a good time to talk about how they impact us as consumers and investors.
What Are Tariffs?
Tariffs are essentially taxes on imported goods, meant to regulate trade and protect domestic industries. In this case, President Trump is using them as a bargaining chip in trade negotiations. By making foreign products more expensive, tariffs can push consumers toward locally made goods, but they often come with unintended consequences.
Canadian Economic news, US Economic news …
It is earnings report season again, this time for the third quarter. The number of companies reporting in the three portfolios has been increasing steadily, reaching 35 this week. I admit it can cause one’s eyes to glaze over, however, these reports are crucial to understanding how the companies you own are faring.
With all the reports this past week, fortunately, there were no key economic reports in Canada or the US this past week. Otherwise, this Weekly Update would have gone on forever, writing it certainly seemed like it did. Sigh! 😊
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) […]
Fractional shares…. The big news that impacted us investors came out of the USA this week, causing share prices to tumble. As expected, the US Federal Reserve (Fed) raised the US benchmark interest rate by 0.75% this week. This was the third straight 0.75% increase. What was unexpected was the Fed’s vow to crush inflation, […]