Monthly Financial News from a Canadian perspective
Here are some recent economic updates for Canada.
- GDP
- Canada Monthly Forecast - https://tradingeconomics.com/canada/monthly-gdp-mom
- Money supply
- Projection - https://tradingeconomics.com/canada/money-supply-m2
- Inflation
- Projection - https://tradingeconomics.com/canada/inflation-cp
- Interest rates
- Unemployment
- Wages
- Forecast - https://tradingeconomics.com/canada/wages
- Federal debt
- Federal Debt - https://www.debtclock.ca/
- Provincial Debt - https://www.debtclock.ca/provincial-debtclocks/
- Mortgage rates
- Here are some predictions for future mortgage rates (US):
- Investment Markets
- Fear and greed index - https://www.cnn.com/markets/fear-and-greed
- Business cycle - https://institutional.fidelity.com/app/item/RD_13569_40890/business-cycle-update.html
- Major market sectors - https://www.barchart.com/ca/stocks/sectors/rankings?timeFrame=Ytd
- Canadian forecast - https://tradingeconomics.com/canada/stock-market
- Canadian economic forecast - https://tradingeconomics.com/canada/forecast
- US Forecast - https://tradingeconomics.com/united-states/forecast
- Crypto
- Banking
- Bank of Canada Daily Digest - https://www.bankofcanada.ca/rates/daily-digest/
- Banking with Life - https://www.youtube.com/watch?v=lpPpFX3mBd0&list=PLx7wP15hxNHp7pupfNfjFEmnoOIPf2ESh&index=2
Definitions and Reminders:
- Investment markets – have no guarantees, no control,
- RRSPs – may end up paying as much as 23 times more in tax than the tax you saved – make sure they are right for your situation
- Economy – is highly influenced by money supply and media news
- Banking – most view commercial banks as a must use for all their money needs. This is not true. You can become your own banker and control their banking function inside your household and business.
- Money supply – a tool used by Bank of Canada and federal government deficits to influence the economy - strongly influences inflation, and taxation levels. Any increase in M2 means inflation (a decrease in the purchasing power of your money). A decrease means deflation (increase in the purchasing power of your money)
- Bank rate – a tool used by Bank of Canada to influence the economy – primarily employment levels. Impacts bank account and GIC interest rates and lending rates
- Travel insurance – be sure to always check the stability period definition
- Health insurance
- Bitcoin is speculative, should only invest money you’re prepared to lose. We do not promote before having a sound investment portfolio