Making sense of the markets this week: July 7, 2024
MoneySense » Mutual Funds
by Kyle Prevost
2w ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Checking in on our 2024 market predictions As we celebrated Canada Day this past week, the first half of 2024 is officially in the books.  Being that it was a bit of a slow week in the markets due to Canada Day here and Independence Day in the U.S., we decided that this would be our opportunity to check in with some of our 2024 predictions we made six months ago.  Asset performance highlights for 2024  H ..read more
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Making sense of the markets this week: June 30, 2024
MoneySense » Mutual Funds
by Kyle Prevost
3w ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. If the summer heat doesn’t get you, inflation will Canadians hoping for interest rate relief will likely have to wait a bit longer. The Consumer Price Index (CPI) reading for May came in at 2.9%, according to Statistics Canada.  The money markets predict a 45% chance that the Bank of Canada (BoC) will cut rates at its July 24 meeting. Lowering interest rates after a month of renewed inflation worries would carry a ..read more
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Making sense of the markets this week: June 23, 2024
MoneySense » Mutual Funds
by Kyle Prevost
1M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. We’re building more houses—and prices are down! On Monday, the Canada Mortgage and Housing Corporation announced housing starts rose from 241,111 units in April to 264,506 units in May: good for a 10% increase. The pace was highest in Montreal, where starts were up 104%, and in Toronto, they were notably up 47%. That’s a pretty good clip, considering how high interest rates are at the moment. While it would be statistic ..read more
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Making sense of the markets this week: June 16, 2024
MoneySense » Mutual Funds
by Kyle Prevost
1M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. U.S. inflation continues to ease; rates unchanged The U.S. Consumer Price Index (CPI) revealed a flat (0%) inflation rate in May, which was up 3.3% year over year. These numbers were slightly lower than expected and they show that inflation is cooling, which we’re seeing throughout most of the world. Source: CNBC Highlights of the U.S. CPI report Some takeaways from the June 12 report. No change in the CPI (flat) from ..read more
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Best online brokers in Canada for 2024
MoneySense » Mutual Funds
by Glenn LaCoste
1M ago
This is our 12th year helping Canadian investors find their optimal financial partner to enhance their self-directed investing journey. There’s never a bad time to highlight the ins and outs of do-it-yourself investing and help newer investors understand what defines an online broker in Canada. Featured online brokers featured National Bank Direct Brokerage $0 commission on all transactions. No minimum deposit needed. go to site featured Moomoo Financial Canada Low-fee stock and ETF trading, with access to stock analysis tools and real-time data. go to site Best robo advisors ..read more
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Making sense of the markets this week: June 2, 2024
MoneySense » Mutual Funds
by Kyle Prevost
1M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. RBC and National Bank continue to lead the pack Canadian banks continue to prepare for worst-case scenarios with increased credit loss provisions. Canadian bank earnings highlights Here’s how Canadian banks performed in the three months ending April 30, 2024: BMO Financial Group (BMO/TSX): Adjusted earnings per share of $2.59 (versus $2.77 estimated by analysts) and revenues of $7.97 billion (versus $8.06 billion esti ..read more
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Making sense of the markets this week: May 12, 2024
MoneySense » Mutual Funds
by Kyle Prevost
2M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Buffett not “uncomfortable” with Canada When countries look to attract the attention of big financial funds, they often attempt to brand themselves in a manner that will bring much-needed foreign investment to their shores. For example, you might see buzzwords such as: Innovative Efficient Attractive  Shareholder-friendly But given Canada’s stagnating economy, I think it’s appropriate to get excited about this Wa ..read more
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Making sense of the markets this week: April 14, 2024
MoneySense » Mutual Funds
by Kyle Prevost
3M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. U.S. inflation intimidates stock market We were supposed to be entering the time of the year when inflation should be trending downward and stock markets could get back to a “normal” state of slow growth or perhaps marginal pullbacks. Instead, the U.S. stock market has been on a relatively fast climb, even though high inflation should have begun to drag it down. Something had to give. And on Wednesday, the stock market gave ..read more
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Making sense of the markets this week: April 7, 2024
MoneySense » Mutual Funds
by Kyle Prevost
3M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Are we in the middle of another Roaring ’20s? For those who aren’t into history, the Roaring ’20s has been referred to as the decade of innovation, celebratory spending, a booming stock market and general good feelings that occurred in the U.S. during the 1920s. A hundred years later, history may be repeating itself, says Ben Carlson, director of institutional asset management at Ritholtz Wealth Management in Grand Rapids, M ..read more
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Making sense of the markets this week: March 31, 2024
MoneySense » Mutual Funds
by Kyle Prevost
4M ago
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. You can’t handle the truth—Truth Social! You might’ve read a headline like this the past week, “Trump’s social media company to trade on the Nasdaq.” While some might think there’s money to be made, the underlying transaction is substantially more complicated. If you’re looking for the Coles Notes version, know that this story is interesting in the same way as watching a fender bender on the highway holds everyone’s attentio ..read more
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