Published by Hilliard MacBeth on Oct 26, 2018
The Bank of Canada hiked rates this week and said that there is no longer any need for monetary stimulus. The Bank of Canada rate now stands at 1.75%, the third hike this year. The so-called “neutral” rate could be 3% or even higher. It’s clear that the... Read more Published by Hilliard MacBeth on Oct 19, 2018
World oil prices are at cycle highs recently with the benchmark Brent at US$80 and the North American West Texas Intermediate (WTI) at US$70. But in Canada, the Western Canada Select (WCS) price is below US$20. This gap of US$50 to WTI is shocking. Will... Read more Published by Hilliard MacBeth on Oct 12, 2018
Interest rates have been trending higher for more than a year, in the U.S., Canada and elsewhere. Stock markets had managed to ignore the impact of higher rates until this week. If interest rates keep going higher, will asset values in real estate and... Read more Published by Hilliard MacBeth on Oct 05, 2018
Shares of gold mining companies have never been cheaper, by several measures. Gold miners’ share prices have been drifting lower since 2016 as the S&P 500, led by a few large technology companies, keeps hitting new highs. This year, stock market values... Read more