Bank of Canada Raises Rates 0.50% With Substantial Upward Revision on Inflation

Bank of Canada raised overnights rate by half a percentage point from 0.50% to 1.0%. The last time the BoC raised its benchmark rate by a half percentage point was over two decades ago, in May 2000. The bank also said it would begin reducing the assets on its balance sheet on April 25. The Bank of Canada revised sharply upward its outlook for inflation, while also increasing the growth forecast for 2022. The Bank of Canada raised the overnight … Continue reading “Bank of Canada Raises Rates 0.50% With Substantial Upward Revision on Inflation”

The World More Benevolent Since Covid, Nordic Countries Still the Happiest

Happiness is something that should never be underrated. Finland and Denmark ranked as the happiest and second-happiest lands, and the top eight were all in northern Europe. It is true one’s version of happiness is different to another, be it cultural or luck. With the drums of war beating loudly through Russia’s invasion of Ukraine and the Middle East with Iran, Syria and Yemen all vulnerable or in conflict. Afghanistan, Lebanon and Zimbabwe are the unhappiest, as war-torn and impoverished … Continue reading “The World More Benevolent Since Covid, Nordic Countries Still the Happiest”

U.S. Trade Deficit Soars 27% to Record $859 Billion in 2021 as Imports surge from Inflation and Tariffs.

The US trade deficit in December was $80.70 Billion up from prior month’s $79.30 billion. The China and US trade deficit rose to -$355.3 B for the year. The US trade gap for 2021 in both goods and services rose 27% to hit $859 billion, an annual record as imports grew faster than exports. Imports surged 20.5% with higher prices from inflation and tariffs. Highlights The US trade Deficit rose in both goods and services rose 27% to hit $859 … Continue reading “U.S. Trade Deficit Soars 27% to Record $859 Billion in 2021 as Imports surge from Inflation and Tariffs.”

Bank of Canada Leaves Rates Unchanged At 0.25% Removed Exceptional Forward Guidance

Bank of Canada left rates unchanged at 0.25% where markets were pricing in a 70% chance of a hike. BoC removed its exceptional forward guidance on its policy interest rate. The labor market has tightened significantly. Persistent supply constraints to keep inflation close to 5% in H1 2022 The Bank of Canada held the overnight rate at 1/4 per cent. The Bank Rate is correspondingly 1/2 per cent The deposit rate is 1/4 per cent. BoC Highlights BOC says overall … Continue reading “Bank of Canada Leaves Rates Unchanged At 0.25% Removed Exceptional Forward Guidance”

Bank of Canada Leaves Rates Unchanged At 0.25% As Unexpected

Bank of Canada left rates unchanged at 0.25% in line with forecasts and maintained its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Last meeting the BoC surprised by ending the QE bond buying program from $2 billion per week to nil, it was expected to cut to $1billion a week. The Bank of Canada held the overnight rate at 1/4 per cent. The Bank Rate is correspondingly 1/2 per cent … Continue reading “Bank of Canada Leaves Rates Unchanged At 0.25% As Unexpected”

US Weekly IPO and SPAC Monitor : Just One IPO in Thanksgiving Week

During Thanksgiving week we have just one IPO due. Canadian gold exploration company Holdover Austin Gold (AUST).  Be aware there is still a chance that a handful of SPACs will price during the week. Holdover Austin Gold (AUST) Plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated … Continue reading “US Weekly IPO and SPAC Monitor : Just One IPO in Thanksgiving Week”

US Weekly IPO and SPAC Monitor : KinderCare & Braze

Heading into Thanksgiving another busy week ahead in the IPO market with 7 IPOs scheduled to bring in $1.9 billion. Childcare provider KinderCare Learning Companies $KLC and customer engagement platform Braze $BRZE Childcare provider KinderCare Learning Companies (KLC) Plans to raise $503 million at a $2.7 billion market cap. The company serves children from 6 weeks to 12 years of age through 1,480 early childhood education centers and 650 before- and after-school sites across 40 states and Washington DC. While KinderCare is a leader in … Continue reading “US Weekly IPO and SPAC Monitor : KinderCare & Braze”

Bank of Canada Ends Bond Purchases Abruptly and Unexpectantly Sending Loonie Sharply Higher

Bank of Canada surprised by ending the QE bomd buyimg program from $2 billion per week to nil, it was expected to cut to $1billion a week. The BoC leftthe key lending rate at 0.25 percent Wednesday as expected.

Canadian National Railways Hopes of Rail Industry Capturing Market Share From Trucking

Canadian National Railways reported a modest Q3 earnings beat. $CNI is not seeing labor issues and is in good shape from a labor standpoint which was a concern with investors after JB Hunt reported earnings. Fellow Canadian rail giant Canadian Pacific recently beat out CNI in merging with Kansas City Southern $KSU.

U.S. Trade Deficit Rises As Imports Continue To Grow Faster Than Exports

The US trade deficit in August was $73. 3Billion up from prior month’s $70.30 billion. The China and US trade deficit rose to -$28.1B. By contrast Australia’s trade balance for August revealed a massive surplus of AUD15,077 million