“President Trump is taxing the USA masses with import tariffs” – Steven Magee U.S. / China Trade Tensions Update Though most of Canada took time to relax and celebrate the Civic long weekend, the U.S. and China missed the memo. Both sides have taken steps to escalate their ongoing trade dispute over the course of… Read More
The Smof Investment Blog
“Trade does not require force. Free trade consists simply in letting people buy and sell as they want to buy and sell. It is protection that requires force, for it consists in preventing people from doing what they want to do” – Henry George Boris Johnson Confirmed as New British Prime Minister In the wake… Read More
“I’d rather be pleasantly surprised than fatally disappointed” – Julia Glass Tempered Fed Cut Hike Speculation Leads Indexes Lower Major U.S. indices dipped to end the Friday trading session after a strong opening. The Wall Street Journal reported the coming Fed Cut would be 25 basis points; however, comments on Thursday by Fed officials inferred a… Read More
“A successful man is one who can lay a firm foundation with the bricks others have thrown at him” – David Brinkley New York Stock Exchange and Wall Street Finish June on the Upswing The S&P/TSX Composite rode gains in the discretionary sector to a 74.47-point gain on Friday, finishing June at 16,382.20. April GDP data showed… Read More
“Summertime is always the best of what might be” – Charles Bowden US Fed Holds Rate Steady, Hints at Future Cuts; S&P 500 Hits Record High Close The US Federal Reserve opted to hold its key rate steady on Wednesday but hinted that its patience is waning regarding a near-term adjustment. Stating that it would “act… Read More
“Winning isn’t getting ahead of others, it’s getting ahead of yourself” – Roger Staubach Major North American Markets Finish Positive The New York Stock Exchange posted a gain of 62.65 points (0.39%) on Friday to finish the week with a modest gain of 71 points. The industrials sector pushed the TSX upwards on Friday, as did financials…. Read More