Has the stock market bottomed? Just five tech companies control nearly 25% of the S&P 500 index’s market cap. AAPL, MSFT, AMZN, GOOG, and META all report earnings this week. Their results will likely determine the direction of the market for months to come. This is a pivotal time that could either turn everything around for the stock… Read More »
Canada’s trade deficit rose to a disappointing $3.4 billion in August, one of the highest ever recorded. Economists had predicted $2.6 billion, lol. They were way off. Both imports and exports were down, which suggests the entire economy may be in trouble. It doesn’t help either that Canada’s currency has advanced 7% over the past 6 months, largely… Read More »
Lady luck has blessed me with a bunch of serendipity again this month \(^_^)/ The financial markets did relatively well (appears we didn’t have a “Sell in May” year,) the US dollar increased, and I was able to bring home $1000 from extra income sources like dividends and a side job. It was also a great first quarter for the North… Read More »
The tables are turning in North America. Canada’s economy, known to be one of the strongest ones in the developed world, has hit a road bump (o_O) And the US in turn is going full steam ahead! Real GDP in Canada in the 3rd quarter (July to Sept) only grew by 0.6% annualized. That means our economy pretty… Read More »
Our household net worth for the country is about $6.4 Trillion. On a per capita basis, the average person living in Canada has a net worth of $184,300. I am surprised at how low this number is but I think as the population ages, we should see this figure grow. If not, then we are in deep trouble. What… Read More »