The stock market doesn’t like uncertainty, and I think it may be fair to say that it especially doesn’t like nuclear uncertainty. Stocks fell last week, but they remain in an upward trend and are now less expensive than last
Interest Rates The 3 month T-bill rate is 0.67%, the 1 year T-bill rate is 0.91%, the 3 year government bond yield is 1.36%, the 10 year government bond yield is 2.00% and the long government bond yield is 2.42%.
Very little editing has been done, and it’s late. Because holidays. Interest Rates The 3 month T-bill rate is 0.68%, the 1 year T-bill rate is 0.88%, the 3 year government bond yield is 1.31%, the 10 year government bond
The yield curve is beginning to take a more normal shape (concave) now that short-term interest rates were raised by the Bank of Canada. Banks have also raised their prime rate by 0.25% to 2.95%. I remember that when the
Interest rates have risen, which is why bond values are falling; bonds don’t look to be a great investment right now. Canadian stocks are also struggling, and only US stocks look like they might move higher in the near time.
Canadian stocks have fallen 0.9% over the past week. Canadian bonds fell 1.4%. June is historically a bad month for market returns, and we’ve seen that again this year. July and August generally go nowhere, and then September and October
The past week was good for Canadian stocks, although they are still lower than at the beginning of June. Bonds still appear more attractive than stocks, at least in Canada. American stocks are looking good, and International stocks are looking
The Canadian stock market continues to struggle, while American stocks are doing fine and world stocks are doing a little better even. The Canadian dollar, however, is starting to gain a little ground compared to the US dollar. Oil does
With interest rates poised to rise, financial companies may produce increasing profits. I have recently pointed to Power Corporation as a good value. Let’s compare the non-bank financial companies from the TSX60, then I’ll include the banks in a list
The Bank of Canada speculated about raising interest rates . This is not very surprising, since interest rates in the US have been higher than Canada for years. I was curious if that meant their CDs (their version of our