Market Update – Q4 2023
ModernAdvisor Blog
by Isaac Schweigert
2M ago
Commentary Results from the Bank of Canada’s Q3 Business Outlook Survey released in October showed business sentiment was weak with high interest rates expected to weigh on consumer demand. Q3 GDP released at the end of November showed the economy contracted at a -1.1% annualized pace in the third quarter, wiping out most of the Q2 revised +1.4% increase. Many […] The post Market Update – Q4 2023 appeared first on ModernAdvisor Blog ..read more
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Q3 2023 Update
ModernAdvisor Blog
by Isaac Schweigert
6M ago
Commentary   Q2 GDP released in August showed the Canadian economy unexpectedly contracted at an annualized pace of 0.2%, much weaker than projections of more than 1% growth. Preliminary GDP data for Q3 also shows little growth. This suggests that rate hikes are starting to work. After a hike of 0.25% in July, the Bank of Canada left rates unchanged […] The post Q3 2023 Update appeared first on ModernAdvisor Blog ..read more
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July 2023 Update
ModernAdvisor Blog
by Isaac Schweigert
8M ago
Commentary Encouraging inflation data created a note of optimism that this interest rate tightening cycle is peaking. The narrative is how central banks can engineer a so-called Goldilocks scenario of cooling the economy without mis-stepping and becoming overly restrictive. Not too hot, not too cold. The concern is that inflation becomes ingrained and lasts longer than expected. Soft landing, hard […] The post July 2023 Update appeared first on ModernAdvisor Blog ..read more
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Q2 2023 Update
ModernAdvisor Blog
by Isaac Schweigert
9M ago
Commentary The second quarter of 2023 saw confidence return to the US banking system with volatility receding, putting the spotlight back on inflation and central bank rate increases. The Bank of Canada (BoC) increased the benchmark interest rate in June by 0.25% after holding steady in March and April. Many had expected the rate rises to end at 4.75% but […] The post Q2 2023 Update appeared first on ModernAdvisor Blog ..read more
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Q1 2023 Update
ModernAdvisor Blog
by Isaac Schweigert
1y ago
Commentary   In Q1, US-based Silicon Valley Bank (SVB) and Signature Bank experienced bank runs as clients withdrew billions of dollars in deposits. Those were the 2nd and 3rd largest banks to fail in US history (neither were in the top 10 largest banks though). Then one of the largest Swiss banks, Credit Suisse, was forced to merge with UBS […] The post Q1 2023 Update appeared first on ModernAdvisor Blog ..read more
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Market Update for November 2022
ModernAdvisor Blog
by Isaac Schweigert
1y ago
November was another good month for equity markets, and a good one for fixed income markets as well. November 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security.   November was another good month for equity markets, and […] The post Market Update for November 2022 appeared first on ModernAdvisor Blog ..read more
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Market Update for October 2022
ModernAdvisor Blog
by Isaac Schweigert
1y ago
October was a good month for equity markets, but a mixed one for fixed income as central banks continue to raise interest rates. October 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security.   October was a good […] The post Market Update for October 2022 appeared first on ModernAdvisor Blog ..read more
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Market Update for September 2022
ModernAdvisor Blog
by Isaac Schweigert
1y ago
September was a follow on of the declines seen in August, as almost everything declined across both equity and fixed income markets. September 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security. September was a follow on of […] The post Market Update for September 2022 appeared first on ModernAdvisor Blog ..read more
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Market Update for August 2022
ModernAdvisor Blog
by Isaac Schweigert
1y ago
August was a negative month for almost everything; both equity and fixed income markets declined. August 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security.     August was a negative month for almost everything, with both equity […] The post Market Update for August 2022 appeared first on ModernAdvisor Blog ..read more
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Market Update for July 2022
ModernAdvisor Blog
by Isaac Schweigert
1y ago
July was strong month for both equity and fixed income investors alike.   July 2022 Market Performance All index returns are total return (includes reinvestment of dividends) and are in Canadian Dollars unless noted. *Absolute change in yield, not the return from holding the security. July was strong month for both equity and fixed income investors alike.   The main […] The post Market Update for July 2022 appeared first on ModernAdvisor Blog ..read more
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