Making sense of the markets this week: October 15, 2023 + MORE Oct 13th

Allan Small is everywhere. You’ve likely seen him on BNN Bloomberg and on the 6-o’clock news. The senior investment advisor obviously has good PR, but he also has the chops to keep getting asked back for his perspective on the markets and the economy. You may have read his work, since he has a column with MoneySense. He hosts the podcast The Allan Small Financial Show, which is also on YouTube. As a change of pace from giving Canadian investors some perspective on the headlines (like with Making sense of the markets), he’s agreed to answer the My MoneySense questionnaire to reveal his relationship with money and more. 

Who are your investing heroes?

I don’t really have any investing heroes. I like hearing Tom Lee, from Fundstrat, speak. He had the courage to stick to his guns over the past year, calling for markets to move higher, while many were predicting a doom and gloom recession. However, I wouldn’t call him my hero. I listen to many different analysts and economists to form my opinion as to what I think will happen…

If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year return, inception date, management fees, expense ratio, as well as if it’s actively managed, ESG, its strategy, if it contains crypto, as well as returns (ranging from one day to three years), and flows (again, one day to three years). Below that is more information to help you make your choice of which ETF to buy.

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Slide the columns right or left using your fingers or mouse to see even more data, including returns and strategy. You can download the data to your device in Excel, CSV and PDF formats. To move around the data, tap the header’s arrow you want to compare. The data is provided by ETF Market Canada CBOE on October 13, 2023…

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.

Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects on the markets as it is too difficult to comment as there is just so much pain and human loss to sort through. 

Inflation refuses to die

With Halloween (and horror flick) season upon us, economists are staring at a scary sight indeed: Inflation is refusing to die, no matter what is thrown at it.

The U.S. Labour Department released the Consumer Price Index (CPI) report on Thursday, and the headline was that overall inflation was up 3.7% and core inflation was up 4.1%. Those numbers were slightly higher than expected.

U.S. Labour Department CPI report highlights
Here’s a few takeaways:

CPI was up 0.4% from August to September.Core CPI was up 0.3% from August to September…

Is an upcoming mortgage renewal stressing you out? A recent survey by real estate brokerage Zolo found that just 3% of home owners “never worry” about being able to afford their mortgage when it comes time to renew. The rest aren’t so fortunate, with 79% of Canadians worrying about this sometimes, often or all the time.

It may hearten you to know that you likely have options. When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different terms. Using a mortgage renewal calculator can help you compare mortgage offers and pick the best one available at the time of renewal. 

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

Using a renewal calculator is one of the easiest ways to determine if your current mortgage is working for you or if it’s time to find one that better suits your needs…