Published by Hilliard MacBeth on Oct 28, 2022
The Bank of Canada blinked first as recession looms and the economy continues to adjust to much higher interest rates. The BOC hiked interest rates only 50 basis points on October 26 when the market expected 75 basis points. Is the Bank of Canada signaling... Read more Published by Hilliard MacBeth on Oct 21, 2022
China probably slipped into a recession recently. On October 18, 2022, data that were expected for third quarter GDP failed to appear. Websites stated that the information was delayed. China matters to everyone on earth as the second largest economy in... Read more Published by Hilliard MacBeth on Oct 14, 2022
Homeowners and real estate speculators in Canada are already feeling the heat from interest rate increases that have had the effect of tripling mortgage interest for some people. A petition was started in protest against higher rates, and by Thursday... Read more Published by Hilliard MacBeth on Oct 07, 2022
OPEC cuts oil production by another 2 million barrels per day, adding to upward pressure on the crude oil price. Will OPEC keep control of the market for crude? On October 5, 2022, OPEC+ announced another 2-million-barrel reduction in crude oil production... Read more