Making sense of the markets this week: November 24, 2024 Nov 22nd

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What to expect from Mark Carney’s fiscal update amid high deficits and rising risks - Toronto Star Apr 26th

What to expect from Mark Carney’s fiscal update amid high deficits and rising risks Toronto StarCarney faces pressure to show results in spring fiscal update: former PBO Global NewsLiberals must show results in spring economic update: former PBO Winnipeg SunCarney .... More »

Capital gains tax in Canada, explained + MORE Jan 31st

Capital gains tax highlights Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion rate being changed as of June 25, 2024, it has since been delayed until 2026 by the Department of Finance Canada. Here’s what is proposed. For individuals, the inclusion rate is eithe.... More »

Canadian home sales flat in April as buyers remain cautious - The Globe and Mail + MORE May 15th

Canadian home sales flat in April as buyers remain cautious The Globe and MailDespite falling interest rates and prices, home affordability isn’t set to improve any time soon, report says Toronto StarCanadian real estate market entering a ‘transition period,’ says CREA&nb.... More »

Trump plan to cap credit card costs hits bank shares - BBC Jan 12th

Trump plan to cap credit card costs hits bank shares BBCWhy Synchrony Financial (SYF) Shares Are Plunging Today The Globe and MailWall Street ticks to records after shaking off worries about Trump’s feud with the Fed BNN BloombergTrump’s credit card plan revives .... More »

When is it worth buying a U.S.-listed ETF over a Canadian one? Jul 22nd

Canada’s exchange-traded fund (ETF) industry recently crossed a major milestone. By the end of June 2026, Canadian-listed ETFs collectively held more than $1 trillion in assets under management (AUM), spread across more than 2,000 available products. That growth is impressive, but the Canadian mar.... More »

Making sense of the markets this week: November 24, 2024

– moneysense.ca

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.

Can’t stop the Nvidia train

Nvidia is now the world’s largest company. You know it’s growing quickly when there are massive Super Bowl-level parties for its quarterly earnings calls. It seems that no matter how high expectations get for the stock, the unprecedented growth of profits just continues to clear the projected earnings bar. At this point, I’m not sure anything can stop the chip-making super conglomerate.

Nvidia earnings highlights
All numbers are in U.S. dollars.

Nvidia (NVDA/NASDAQ): Earnings per share came in at $0.81 (versus $0.75 predicted), while revenues totalled $35.08 billion (versus $33.16 billion predicted).

While share prices were down about 2% in after-hours trading on Wednesday, they’re still up more than 200% in 2024. It seems the tech industry just can’t get enough of Nvidia’s one-of-a-kind semiconductor chips…

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