Correcting the Market Bears

By: Jeff Pollock February 12, 2018 This month’s pullback in stock prices has been called everything from the end of the bull market to a healthy and long overdue correction. Going back to the early 1950s, market corrections – a drop in values by at least 10% from...

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Separating the Bugs from the Windshields

By: Jeff Pollock February 1, 2018 Anyone with investments knows that some days you’re the windshield, other days you’re the bug. Stocks that performed well yesterday won’t necessarily be the best investments for tomorrow, and the dogs of an index one year have the...

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The Cost of Increasing the Minimum Wage

By: Jeff Pollock January 22, 2018 Ontario’s minimum wage jumped by 21% on January 1 to $14.00 per hour. It will increase to $15.00 next year, and then adjust by the rate of inflation thereafter. While polls indicate that 60% of Ontarians support the decision, we’re...

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Jekyll and Hide

By: Jeff Pollock January 15, 2018 In 2017, the S&P/TSX Composite Index (“TSX”) posted a 6.0% price return despite topping the G-7 nations with a 3.7% average GDP growth throughout the year. While our domestic economy outpaced Canada’s peers south of the border,...

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Is the Flattening Yield Curve a Red Flag or Red Herring?

By: Jeff Pollock January 8, 2018 Attention has been drawn in recent weeks to the flattening US yield curve. In short, the yield curve is a chart that plots the maturity dates for various US Treasuries along with their respective interest rates. Its shape will adjust...

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Does this Bull Market Continue through 2018?

By: Jeff Pollock December 14, 2017 With just over two weeks left to go in the 2017 calendar year, the market has been kind to optimists while painful for pessimists. Up until the end of September, Toronto had largely been flat before roaring back into positive...

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Are Tax Cuts Priced in to Today’s Market?

By: Jeff Pollock November 27, 2017 Tax reform has advanced to the US Senate where a vote could take place as early as Thursday. With the 2018 election one year away, Republicans will be eager to boast a legislative achievement to their constituents. However, as of...

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Inflating the Problem of Stubborn Price Growth

By: Jeff Pollock November 20, 2017 Canada posted a yawning 1.6% annualized inflation rate during the month of October. We have yet to exceed the Bank of Canada’s 2.0% target for two consecutive months since August 2014, over three years ago. The US faces the same...

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Location, Location, Location

By: Jeff Pollock November 13, 2017  It didn’t take long for the department stores in downtown Toronto to unofficially kick off the holiday season with their decorative displays. If estimates published by the National Retail Federation are correct, annual sales will...

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The Crude Facts about Oil

By: Jeff Pollock November 6, 2017 The past couple of years have been a tough market for the oil bulls. Following the financial crisis, oil spent the next few years slowly climbing back up to the psychological $100 per barrel level. In 2011, it finally traded in the...

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