“An investment in knowledge pays the best interest” – Benjamin Franklin TSX Flat to Finish the Week The Toronto Stock Exchange’s S&P/TSX composite index concluded the week on Friday with a 0.31-point rise to settle at 15,173.03. This finish represents a rise of 1.25% over last week’s finish at 14,985.32. Declines in energy and utilities… Read More
“Every day is a good day to be alive, whether the sun’s shining or not” – Marty Robbins Bank of Canada Raises Overnight Rate to 1.00%, TSX Drops for Fifth Straight Day The Toronto Stock Exchange’s S&P/TSX composite index continued its retreat on Friday. On the day, the TSX finished down 39.21 points (0.26%), dipping… Read More
As we discussed last Friday in our Weekly Update, the Bank of Canada followed up on expectations by raising its overnight rate by 25 basis-points to 1.00%. Analysts had forecast a rate hike in either October or December, but recent Q2 GDP growth data exceeded expectation, leading some to predict a rate hike this week…. Read More
“The Investor, unlike the Speculator, does not have to worry too much about the short term” – John Train Broad Retreat Leads TSX Lower The Toronto Stock Exchange’s S&P/TSX composite index continued its recent trend of staying relatively flat. On Friday, the TSX finished down 20.27 points, or 0.13% to finish at 15,191.60. 9 of… Read More
“Beware of little expenses; a small leak will sink a great ship” – Benjamin Franklin TSX Drops to End Week The Toronto Stock Exchange’s S&P/TSX composite index ended Friday down 20.17 points, or 0.13% to finish the week at 15,055.99. For the week, the TSX was up 0.7% for the week. The Loonie rose by… Read More