Canadian economic growth slowed in the third quarter led by a spending decline amongst businesses and households. Statistics showed that the Canadian economy grew at an annualized pace of 2.0% in the quarter, compared to 2.9% in quarter two, which is in-line with economists’ estimates.
Further, non-residential investment in buildings and engineering structures fell 1.3 % as spending in the commodity sector declined. Machinery and equipment investments by businesses fell 2.5 %. Meanwhile, the growth in household spending slowed to 0.3 % in the quarter compared with 0.6 % in the second quarter.Read More
As we have all noticed over the past few months, gas prices have been rising ever so higher, and a lot of us are again wondering – why? Our latest market commentary discusses some of the reasons behind the rise of global oil prices, what this may mean for your investments, and what the experts predict over the short to mid-term.Read More
If you have been paying attention to the markets at all over the past month, you’ve certainly noticed more ups and downs than we’ve seen in a long time. With calm, strong returns until the end of January, we suddenly saw a drop of 6.5% over the first three trading days in February, with movements of more than 8-10% after the first week. After an abnormally lengthy period of relative calm, the sudden drop can be seen as an overdue technical pullback in an ongoing rising market that needed to let off some steam – a normal occurrence in capital markets as they digest new information.Read More
While the last few months has certainly had us talking about the endless headlines from our neighbours to the South, our Federal government here in Canada proposed some changes that were met with criticism of its own. Our Market Commentary this quarter will summarize those initially proposed changes, the backlash received, and the next steps going forward.