Making sense of the markets this week: July 28, 2024 Jul 26th

TSX getting you down? There are always sound investment alternatives.

Latest News

Does crypto belong in a Canadian wealth portfolio? Jul 7th

Should you consider adding bitcoin (BTC), ethereum (ETH), or other cryptocurrencies to your investment portfolio? For long-term investors who can tolerate significant volatility, a small allocation—sometimes around 5%—is increasingly part of the conversation. Crypto’s appeal lies in its gro.... More »

“We’re well off in retirement. How can we pay less tax?” Aug 28th

Ask MoneySense Both my wife and I are retired. My wife is 72 years old and I am 68. Our combined incomes are based on CPP, OAS, RRIFs and dividends (both from our non-registered investments portfolio and corporate dividends that we both get quarterly from a holding company that manages the corporat.... More »

How to build credit history in Canada + MORE Sep 28th

In Canada, a credit history is a person’s track record of using credit (borrowing money) and repaying debt. Your credit history can affect many aspects of your financial life—from getting approved for a credit card or renting an apartment to taking out a mortgage or a car loan, among other thing.... More »

Canada’s income tax brackets for 2024, plus the maximum tax you’ll pay based on income Apr 11th

As the year winds down, you may be wondering just how much tax you’ll be paying once you file your 2024 income tax return. Especially if you changed jobs or earned self-employment income, there may be a big difference between the taxes you’ve already remitted through payroll deductions or instal.... More »

Hot stocks: Canada’s top performers in Q2 2025 Jul 4th

Celestica Inc. (CLS) was the best large- or mid-cap stock to own on the Toronto Stock Exchange over the past three months, with a gain of 76.6%, followed by Cameco Corp. (CCO, 67.6%) and Galaxy Digital Inc. (GLXY, 66.4%). The second quarter of 2025 turned out to be a rebound period for Canadian e.... More »

Making sense of the markets this week: July 28, 2024

– moneysense.ca

Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.

Biden’s withdrawal soothes bond market, deflates “Trump trade”

Compared to the way U.S. President Joe Biden’s decision not to run for a second term shook the political world, the markets seemed nonplussed—on the surface, at least.

Biden’s U-turn took some air out of the “Trump trade” in stock, bond and cryptocurrency markets. Stock markets overall rebounded the day after the announcement, with mega-cap technology stocks leading the way. But oil and gas stocks and cryptocurrencies—foreseen to fare better under a Donald Trump administration—retrenched.

The Republican nominee is seen as a bigger deficit spender than whomever the Democrats might settle on, so a Trump/Vance administration is expected to usher in higher inflation. That recently translated into a steeper yield curve for bonds as polls showed him ahead of Biden. However, that expectation of Trump as an inevitable shoo-in has now deflated and bond yields have flattened somewhat…

Continue Reading On moneysense.ca »

Getting a return on your investment within Canada can be tricky – let us help! Visit our Investment page for the latest advice and articles.

Share