Canadians spoke and have elected a new government. Mark Carney and his Liberal Party won the federal election on April 28th, but as of this writing, the outcome of whether they had formed a majority or minority government had not yet been determined. This was an important election for Canadians and Prime Minister Carney has several crucial tasks and challenges to overcome:
- Cost of living and housing affordability
- A possible recession
- A lacklustre GDP growth that has stifled productivity for a few years
- Negotiations with the US over tariffs and a possible trade war
- Bring together a country deeply divided in their politics
Putting the country onto the right track is paramount to a general feeling for Canadians of having achieved progress and success. For working Canadians, they want to know that their hard-earned dollars will provide affordable living and housing, and that their tax dollars are being put to beneficial use, with wise decisions being made by our government. And from an investment perspective people want to know that the money they are investing will allow for prosperity and growth for when those funds are required in retirement.
Big tech earnings will also be in the spotlight today, as four of the Magnificent Seven will report their corporate earnings this week. The list includes Microsoft, Apple, Meta, and Amazon and depending on what the outcome of their performance is, the markets could be in for another week of volatility. It could also present itself with a slew of excellent investment opportunities and we believe that portfolio managers will be approaching this earnings season as active buyers, given the possibility of owning high quality companies at tremendous valuations.
Tariffs have been a key topic for many people trying to understand the causes of the market declines year-to-date. And as result, people often wonder, “how difficult is it really to manufacture a product 100% in the US”? We have an insightful article on the challenges of this and why it is not realistic.
The emergence of AI has resulted in a need for more energy to power the capabilities and requirements of AI. How easy is it? We have an interesting article on why the critical equipment required to power AI is both pricey and scarce. Have a read!
Breakfast is the most important meal of the day…or is it? We have a great article that helps to settle the debate.
With the rising cost of food, many people are looking to grow their own food to help subsidize the cost of things like fruits or vegetables. We have an article that provides some guidance on what to do if you are planning to start your own garden.
The challenge: spend three days in London, England on a budget of $1,000. How far could that $1,000 take you? The attached article highlights how the challenge played out. Check it out!
We are finally starting to see some warmer weather. Hopefully, you can get outside and enjoy it a little more moving forward. Have a wonderful week everyone!
Gas prices have dropped, post the reduction of the carbon tax in March. But will they stay down for the summer? We have an article that breaks it down and provides some additional information important to know.
