I remain concerned about both the TSX and S&P 500 from valuation, political and economic standpoints, making it worthwhile to look also toward other countries.
Tag Archives economic growth
Where in the world are the best investment opportunities?
Investing for Fun and Profit: When looking beyond Canada and the U.S., the data tells the story
How did 2023’s economic and market predictions turn out?
Predictions are often made but their accuracy never evaluated, yet this is an important step
For the past seven years in my newsletter, I have made annual “Fearless Predictions.” I also summarize predictions from the investment industry. The last chapter of my book, titled “If I claim to be a wise man…it surely means that I don’t know,” launched my annual prediction exercise, largely to poke fun at the process. […] Read more
The tale of two economies
Strong energy prices would normally lead to a strong Canadian currency
U.S. third-quarter GDP (gross domestic product) grew at an annualized rate of 4.9 per cent. This followed second-quarter growth of 2.1 and first-quarter of 1.1 per cent. Rather than the widely predicted recession, the U.S has experienced accelerating growth. Canada, on the other hand, is flatlining, with first-quarter growth of 0.8 per cent, second-quarter at […] Read more
China calls for overhaul of farm subsidy rules under WTO
Beijing | Reuters – China on Thursday called for the removal of “enormous” farm subsidies in some developed countries as part of Beijing’s push for reform of the World Trade Organization. “There are very unfair rules in the agriculture sector, and enormous subsidies some developed country members are entitled to, that severely distort international agricultural trade,” Wang […] Read more
Editor’s Column: Economic outlook offers lots of positive news, some challenges, loads of optimism
It’s been about a year and a half since the COVID-19 pandemic and the restrictions aimed to contain it caused what Aaron Goertzen calls the “deepest and fastest recession in modern economic history.” Goertzen is the senior economist and director of BMO Financial Group. Fortunately, we’re now in the recovery phase. “The labour market has […] Read more
StatsCan to add marijuana economic impact to GDP data
Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis […] Read more
Food commodity prices seen stable over next decade
Paris | Reuters –– Higher agricultural productivity and slightly larger crop areas in the coming decade will cover rises in food demand, leading to stable prices and a period of more restrained agricultural markets, the FAO and OECD said Monday. In their annual Agricultural Outlook report, the Food and Agriculture Organization and the Organisation for […] Read more
Editor’s Column: What I learned from Jeff Rubin at CropSphere
I was looking forward to Jeff Rubin’s keynote lunch presentation at CropSphere in Saskatoon this winter. Back in 2008, Jeff Rubin was the CIBC’s chief economist. That spring, oil was trading at US$118 a barrel, and Rubin predicted that the price would rise to US$225 by 2012. Higher oil prices, he explained, would put pressure […] Read more
Cyber-Savvy Farmer
