Author: Robert Jessi

Canada’s growth crisis is worsening, as evidenced by the latest data from Statistics Canada. Per capita GDP saw another decline in the fourth quarter of 2023, marking the fifth drop in six quarters and the most sustained decrease in over three decades. Adjusted for inflation, per capita GDP is now lower than it was nine years ago, in the fourth quarter of 2014. This isn’t a recent development but a trend spanning decades. In the mid-20th century, Canada experienced annual economic growth rates exceeding 5%. However, this rate has steadily declined over subsequent decades: from around 4% in the 1970s…

Silver jewelry has long held a place in fashion and adornment, admired for its timeless elegance and versatility. Beyond its aesthetic appeal, many wonder whether investing in silver jewelry, particularly silver chains, is a wise financial decision. In this article, we delve into the factors that influence the investment potential of silver jewelry, with a focus on silver chains, and why sterling silver stands out as a popular choice. What’s The Big Deal Silver, known for its brilliant luster and affordability compared to other precious metals like gold and platinum, has been cherished for centuries. Its versatility allows for a…

As the Bank of Canada (BOC) prepares for its upcoming rate announcement on June 5th, all eyes are on the central bank’s decision amidst a complex economic landscape. Speculation is rife that the BOC will opt for a rate cut, diverging from the Federal Reserve’s (FED) potential plans to raise rates. This potential divergence reflects the distinct economic challenges facing Canada compared to its southern neighbor. One of the primary factors influencing the BOC’s decision is inflation. While inflation has slowed somewhat from previous peaks, it remains a significant concern. Moreover, recent economic data has painted a concerning picture. GDP…

In the world of central banking, rate divergence between major economies, especially when they are close trading partners is a rarity, often signaling underlying economic complexities. Currently, such a scenario looms on the horizon as the Bank of Canada (BOC) contemplates rate cuts amidst slowing inflation, while the Federal Reserve (FED) in the United States leans towards rate hikes. This potential dissonance could have profound implications, particularly for Canada’s economic stability and its currency. The Canadian economy finds itself at a critical juncture, with inflationary pressures easing and growth prospects waning. In response, the BOC is considering a reduction in…

Thinking about trying to save the most on spending, I’ve learned a thing or two about managing credit card interest rates. Whether you’re trying to pay off debt or simply want to save money on interest charges, securing a lower interest rate on your credit card can be a game-changer. Here’s how many have done it, and how you can too. Firstly, it’s crucial to understand that credit card interest rates aren’t set in stone. Many Canadians accept the rate they’re given without realizing that they have the power to negotiate. I suggest you get started by researching current interest…

In recent times, the Canadian dollar (CAD) has been facing a myriad of challenges, which are contributing to its sustained depreciation. From policy shifts to economic indicators, several factors paint a bleak picture for the CAD’s future. In this article, we delve into the reasons why the value of the Canadian dollar is set to continue its downward trajectory. 1. Increased Capital Gains Tax and Decreasing Foreign Direct Investment (FDI) The recent implementation of higher capital gains tax rates in Canada has sent ripples through the investment community. This move, combined with existing concerns over the ease of doing business…

In recent years, the economic relationship between the United States and Canada has been integral to both nations’ prosperity. The exchange rate between the US dollar (USD) and the Canadian dollar (CAD) plays a crucial role in shaping various economic indicators, including inflation rates. A significant drop in the USD to CAD rate, such as the scenario envisioned by the article “USD to CAD Drop to 0.50,” can have profound implications for Canada’s inflation landscape. The strength or weakness of a country’s currency impacts its trade balance, inflation, and overall economic health. When the USD weakens against the CAD, Canadian…

According to Jean-Francois Tardif, the founder and portfolio manager at Timelo Investment Management, the Canadian dollar, commonly referred to as the loonie, might face a significant decline in value against the U.S. dollar. Tardif expressed his concerns in an interview with BNN Bloomberg, suggesting that if Canada fails to address its issues surrounding inflation and affordability, the loonie could plummet to as low as 50 cents U.S. over the long term. While Tardif emphasized that such a drastic devaluation wouldn’t occur suddenly, he cautioned that it could occur gradually over time if certain underlying trends remain unaddressed. Moreover, Tardif noted…

As I sit here, surrounded by financial reports and market analyses in the news everyday, I find myself drawn to a concept that seems to spark both fascination and controversy in equal measure by many people: stock buybacks. For many, the term might conjure images of corporate greed or market manipulation, but my journey into understanding this financial phenomenon has revealed a more nuanced reality. Before delving into the intricacies, let’s establish a foundational understanding. Stock buybacks, also known as share repurchases, occur when a company buys back its own outstanding shares from the marketplace. Essentially, this means that a…

As I navigated the vast landscape of investment opportunities in Canada, I found myself intrigued by the concept of becoming an accredited investor, and the potential opportunities it might open up. The allure of accessing exclusive investment options and potentially lucrative ventures appealed to my desire for financial growth and diversification. However, I soon realized that the path to accreditation was not without its challenges. Through research, diligence, and perseverance, I embarked on a journey to understand what it really takes to get the sought after accredited investor status, a journey I am eager to share. Understanding Accredited Investor Status…