Insights
Federal Reserve removes any doubt on its rate hikes
Yesterday, the Federal Reserve stated that it was rapidly reducing the amounts of its monthly bond purchases. The Fed will be buying $60 billion of bonds each month starting in January, half the level prior to the November taper and $30 billion less than it had been buying in December. Once the bond purchasing program […]
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By MoneyWay
A lot of economic data this morning, basically being ignored till after the Fed announcement
The Federal Reserve will announce no rate change but will announce that its tapering will close off a lot quicker than they even thought two months ago. Inflation is sticking around a lot longer than expected and now central banks around the world will follow suit after the FED. Since this is fully anticipated market […]
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Markets moving sideways, still taking a breather, oil down slightly
Markets generally are unchanged as investors continue to digest what exactly is going on with the Omicron variant, there are reports out of South Africa that it has already peaked and is subsiding, whether this is just the South African government trying to talk it down remains to be seen. Not sure if we should […]
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Bank of Canada announcement, no interest rate change
The Bank of Canada announced no interest rate hike however it has changed it’s tune slightly, what once called a transitionary inflation rate is now called persistent and should be tackled sooner than later. Therefore, expect those rate hikes in 2022, the new topic of discussion is how many will there be in 2022? The […]
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Oil jumps over 4%, Canadian dollar stronger
Markets except for technology stocks are doing better, investors are absorbing any bad news in regard to the Omicron variant, and it is having little effect on their investment decisions. West Texas Intermediate is up 4.5% this morning, traders believe that the global economy is back on track and that global demands for oil have […]
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Canada’s great employment numbers have no impact on its currency
Canada’s employment data caught economists completely by surprise, expectations of a gain of 32,000 new jobs were blown out of the water. Under normal conditions the Canadian dollar should have rallied to USD quite significantly, however the Omicron variant has shown how contagious it is as 38 states have reported new cases. The problem at […]
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