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07/04/2025

Stocks, bond yields and the U.S. dollar rose on Thursday after data showed the U.S. economy added 147,000 jobs in June, exceeding expectations. On a shortened trading day before the July Fourth holiday, the Dow gained 344 points (0.77%) and closed just 186 points shy of its all-time high. The S&P 500 rose 0.83% and the Nasdaq gained 1.02%—both hitting record highs. Despite this, investors remain cautious as job growth was uneven across sectors, signalling weakness in the private sector. For more market insights, contact us.

Source: https://www.cnn.com/2025/07/03/economy/us-stock-market

06/20/2025

Oil prices rose about 3% on Thursday after Prime Minister Benjamin Netanyahu ordered Israel's military to ramp up attacks on Iran, a key oil exporter. Meanwhile, investors are looking for signs on whether President Donald Trump will order a U.S. military strike on Iran's nuclear program. The White House said Thursday that the president is expected to make a decision within two weeks. For more market insights, contact us.

Source: https://www.cnbc.com/2025/06/19/oil-prices-israel-iran-trump-ayatollah-khamenei.html

06/06/2025

The Bank of Canada held its overnight interest rate steady at 2.75% on Wednesday. Governor Tiff Macklem cited a number of factors in the decision to hold, noting that the ongoing trade war with the U.S. "remains the biggest headwind facing the Canadian economy." While the move was widely expected by economists, interpretations of the bank's decision vary. For more market insights, contact us.

Source: https://ca.finance.yahoo.com/news/bank-of-canada-expected-to-hold-key-interest-rate-this-morning-even-as-core-inflation-starts-to-heat-up-122433307.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB6waecgBYE8mP2awoW23Hx-WeuY5V5Hl68h4VsiE_eLZ3uPdTNyA0W35o-N163L-X70xC0ECCvyAAb1BlVznSZZCiN1I-3T2xwUtX9deNRDSHSrL6YH43z8ItlTpdqeDSKoypB5Wx8eczo223fCq1m4GW7-b_NmZlasu-7PiBPQ

05/16/2025

U.S. consumer sentiment dropped further in May while one-year inflation expectations surged. This comes as households remain concerned about the economic impact of President Donald Trump's aggressive trade policy. On Friday, the University of Michigan's Surveys of Consumers said its Consumer Sentiment Index dropped to 50.8 this month from 52.2 in April. Consumers' 12-month inflation expectations jumped to 7.3% from 6.5% in April, while both Democrats and Republicans see inflation rising in the near term. For more market insights, contact us.

Source: https://www.reuters.com/business/us-consumer-sentiment-deteriorates-further-may-2025-05-16/

05/09/2025

Canada's unemployment rate surged to 6.9% in April—the highest since November, which marked an eight-year high outside the pandemic. Statistics Canada said the high unemployment rate, where the number of jobless people is nearing 1.6 million, was partly a result of U.S. President Donald Trump's tariffs. The manufacturing sector alone shed 31,000 jobs last month. The Bank of Canada has warned that growth would take a major hit in coming months as exports fall, prices increase, hiring reduces and layoffs accelerate. For more market insights, contact us.

Source: https://www.reuters.com/sustainability/sustainable-finance-reporting/canadas-unemployment-rate-jumps-69-april-employment-little-changed-2025-05-09/

04/25/2025

U.S. companies accelerated orders for big-ticket goods in March, ahead of President Donald Trump's tariffs on imports. On Thursday, the Commerce Department reported that durable goods orders soared a seasonally adjusted 9.2%. Transportation equipment orders surged 27%. A Federal Reserve report attributed the increase in vehicle sales to "a rush to purchase ahead of tariff-related price increases." The summary showed apprehension about economic conditions, indicating that the burst in orders is likely not indicative of the long-term broader environment. For more market insights, contact us.

Source: https://www.cnbc.com/2025/04/24/orders-for-big-ticket-items-like-autos-and-appliances-surged-9point2percent-in-march-in-rush-to-beat-tariffs.html

04/17/2025

The Bank of Canada held its key policy rate at 2.75% this week—its first pause after seven consecutive cuts. The central bank also said that the uncertainty around U.S. tariffs made it impossible to issue its regular economic forecasts. Instead, it produced two scenarios on what could happen next, including one that predicted a deep recession in Canada and a spike in inflation. In the near term, the central bank expects second-quarter GDP to be much weaker, after a 1.8% growth forecast for the first quarter. For more market insights, contact us.

Source: https://www.cbc.ca/news/business/boc-interest-rate-april-1.7511457

04/14/2025

President Trump's sudden 90-day pause on most tariffs, paired with a harsh 125% levy on China, sent markets soaring but left Canada in limbo.
Canadian autos, steel, and aluminum still face 25% tariffs, with no clear path to resolution. As political tensions escalate, so does economic uncertainty.
What does this mean for your portfolio? Contact us

Source: https://financialpost.com/news/economy/trump-pauses-tariffs

04/04/2025

On Friday, China imposed additional tariffs of 34% on U.S. goods—a sharp escalation in a mounting trade war with President Donald Trump. In the standoff between the world's top two economies, Beijing also announced controls on exports of some rare earths, while Trump vowed not to change course. Canada has also readied retaliation after Trump raised U.S. tariff barriers to their highest level in more than a century, triggering a plunge in the global stock market and feeding fears of a recession. For more market insights, contact us.

Source: https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/

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