FLCA News and Press, Franklin FTSE Canada From 03/09/23

2023-03-09 16:51:00 ET Summary Is the Bank of Canada done rate hikes in 2023? What are the implications of Fed Chair Powell's comments on BoC rate policy? What impact could the divergence between BoC and Fed rates have on the loonie? The Bank of Canada keeps ...

2023-03-08 21:21:00 ET Summary The Bank of Canada kept rates unchanged at 4.5% today. While BoC acknowledged that the labour market “remains very tight”, it doesn't have the same fears as the Federal Reserve that this will keep inflation pressures elevated. The o...

2023-03-08 09:18:25 ET Canada posted a trade surplus of C$1.92 billion in January of 2023, widening from the revised surplus of C$1.2 billion in the previous month and compared to market expectations of a C$60 million deficit. Total exports jumped by 4.2% over the prior month to C$67 ...

2023-03-08 01:52:00 ET Summary Why recession concerns are fading. The job market continues to show strength, even amid signs of economic weakness. Don't expect lower interest rates anytime soon. After eight consecutive rate hikes, the Bank of Canada is widely...

Summary After 425bp of interest rate hikes, the Bank of Canada signalled it would pause to digest the impact. Since its January meeting, growth has disappointed and inflation has slowed more than expected, though job creation continues at pace. Canada is heavily exposed to higher ra...

Manufacturing PMI in Canada increased to 52.4 points in Feb from 51 points in Jan of 2023. The figure is a measure of the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. ETFs: ( EWC ), ( HEWC ), ( FLCA ) ...

The Canadian economy stalled from the previous quarter in Q4 of 2022, putting an end to five consecutive quarters of growth and following a 0.7% expansion in Q3. Slower inventory accumulation and a decline in business investment in machinery equipment and housing offset higher consumption for...

Summary Canadian inflation is decelerating, but jobs and spending remain strong. The full impact of interest rates hikes may not be felt yet. TD Asset Management's Alexandra Gorewicz says there may be a case to hold rates for now. Strong economic data has some inve...

Summary Loosening Big Tech's labor stronghold may help level the global playing field. We believe many of our international holdings will be able to capitalize on dislocated labor markets. International investing offers the opportunity to access markets with technology innovators wh...

Summary Since the FOMC meeting, the US dollar has enjoyed one of the strongest bounces since it topped out in late September/early October. Market positioning was part of the pre-conditions that led to the surge. Ironically, good news on the economic performances may weigh on stocks and...