Making sense of the markets this week: November 13, 2022 Nov 11th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News

Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck - CNBC Dec 12th

Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck  CNBCDow futures slip, CPI and Fed meeting in focus By Investing.com  Investing.comCNN Fear & Greed Index In 'Neutral' Zone After Dow Tumbles 300 Points - Blue Bird (NASDAQ:BLBD), Coupa .... More »

Who’s buying crypto in Canada, and why? + MORE Nov 19th

Despite crypto’s extreme volatility, nearly one in three Canadians (31%) said they planned to buy crypto assets in the next 12 months, according to a recent survey. And 11% said they definitely will. The survey by the Ontario Securities Commission found that 13% of Canadians currently.... More »

The best TFSAs in Canada for 2022 + MORE Nov 17th

As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contribution income—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowin.... More »

Making sense of the markets this week: November 27, 2022 Nov 25th

This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors. It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
 dividend

New year, new spending habits + MORE Nov 30th

Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023. Money mistake #1: Not paying off debt quickly If you’re in the red, you.... More »
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Cooling inflation leads to red-hot day for the markets

Part of being neighbours with the most powerful country in the world is that sometimes their news tends to get reported with a louder megaphone than our own—even in our own backyard.

That was certainly the case in business news this week as the U.S. consumer price index (CPI) data was released. October’s year-over-year inflation came in below expectations at 7.7%, which is down from 8.2% in September. The S&P 500 shot up 5.5% in response, the 15th-largest daily gain for the index since 1950. 

The TSX also rose that day, up a strong 3.3%. Expectations of a 0.75% rate increase at the next U.S. Federal Reserve funds meetings decreased as traders started to lean towards only a 0.5% increase. The drastic movement we saw in the markets around the world illustrates just how important U…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!