This week the headlines dominating the markets will circle around the Wednesday (April 2nd) announcement by President Trump on new reciprocal tariffs that are scheduled to be put in place, which he has suggested is known as “Liberation Day” in the US. These tariffs will include imports coming from Canada. The exact meaning of how this gets employed in practice, at this time, remains anyone’s guess. According to a recent report from Politico, even Trump’s inner circle is unsure what the President will announce this week and according to on source, the basic questions have yet to be answered. As you can imagine, this will certainly cause the uncertainty in the markets to peak until that April 2nd period occurs and we understand exactly what is in play from a tariff perspective.
The head spinning way these tariffs are being imposed (or not), is causing the global markets to react with nervousness. As we have mentioned before, we would prefer a definitive answer on tariffs, one way or another, so that it allows the markets to digest what is happening and move on, just as they do with other major events that occur.
As important will be the latest employment data that will arrive on Friday and will be closely watched for signs that either economy is holding steady or will be tipping closer to a recession. Economic forecasters are expecting that Canadian unemployment rates ticked up in March after only 1,000 jobs were added in February.
A recent poll by CIBC suggest that financial independence is at the top of the list for Canadians’ top goals in an uncertain time. You can read more about it in the attached article.
Are you interested in driving a vehicle that is built in Canada? We have a list of vehicles that are produced in Ontario. Check it out!
The carbon tax levy is over for Canadians, as of April 1st and many are wondering when we will start this reflected in the prices that are paid for the assorted items that the carbon tax had been applied to. We have an informative article that helps to provide some greater clarity around this.
We always advise clients to not necessarily believe all the negative news that is out in the media. We have an article that provides five good reasons to ignore the market doomsayers. Read more in the attached article.
At 94 years old, Warren Buffet remains one the most enduring financial geniuses of our time. His ideas around building wealth during these tumultuous times, is as relevant as ever!
The price of new cellular phones is growing exponentially. Enter the second-hand market to fill a gap for those wanting a newer phone but may not want to pay top dollar for that cell phone. Read more about it in this interesting article.
Have a wonderful week everyone!
How soon will Canadians Feel the Carbon levy's demise? Depends what you're buying
