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New Tariffs Hit Today, Oil Tops $107, and the Fed Decision Looms

  A new round of US tariffs on Canadian goods takes effect today, oil is sitting at its highest level in roughly four months, and markets are bracing for tomorrow's Federal Reserve rate decision. Here's what moved overnight and what it means for your wallet. What It Means for You Today's expanded US tariffs cover cheese, vehicles, construction materials, paper and lighting fixtures — expect price pressure on anything crossing the border in either direction over the coming weeks. Bond yields flirting with 5% are pushing fixed mortgage rates higher even before the Bank of Canada moves again, so if you're renewing soon, it's worth locking in a rate hold now rather than waiting. And with a Fed hike odds-on for tomorrow, expect a volatile 48 hours for TFSA and RRSP portfolios — this is a "check your allocation, don't check your balance daily" kind of week. 🇨🇦 Canada: TSX Ends Monday Flat as CPI Holds at 3.0% The S&P/TSX Composite closed essentially un...
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Another Winning Week for Wall Street: Records Keep Rolling In


Wall Street wrapped up yet another triumphant week, with U.S. stocks surging to new heights. The S&P 500 climbed 0.5% to 5,096.27, surpassing its own record set just last week. Meanwhile, the Nasdaq composite led the charge, boasting a remarkable gain of 0.9% to reach 38,996.39, eclipsing its previous all-time high from 2021.

Market Highlights:

  1. Dell Technologies Soars: Dell Technologies stole the spotlight, rocketing an impressive 31.6%. The company reported robust profits and revenue for the latest quarter, outperforming expectations.

  2. Tokyo’s Nikkei 225 Sets Records: Japanese stocks continued their meteoric rise, with Tokyo’s Nikkei 225 surging 1.9% to close at 39,940.00. This index recently surpassed its 1989 peak, marking a significant milestone in Japan’s financial history.

  3. Global Economic Outlook: While Japan’s unemployment rate dipped to 2.4% in January, the purchasing managers index for manufacturing activity signaled subdued demand both domestically and internationally. Investors are eagerly awaiting China’s National People’s Congress next week, where economic revitalization policies will take center stage.

  4. Asia’s Resilience: Asian markets remained resilient. Hong Kong’s Hang Seng edged up 0.3%, and China’s Shanghai Composite added 0.3%. Australia’s S&P/ASX 200 advanced 0.6%, while Korea’s market remained closed for a holiday.

  5. Wall Street’s Winning Streak: The Dow Jones Industrial Average finished just below its previous record, rising 0.1% to 38,996.39. Wall Street’s unwavering momentum continues, with the S&P 500 celebrating its 16th winning week in the last 18.

As the bull market charges ahead, investors remain cautiously optimistic. Will this winning streak persist? Only time will tell, but for now, Wall Street revels in its record-breaking achievements. 

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