Has the Recession Already Started in Canada?
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The Bank of Canada took a victory lap yesterday as they cut interest rates by 0.5%. This is the fourth consecutive rate cut since June. The rationale given was that inflation in September hit 1.6% down from 2.2% in August. The fact is, Canada’s economy is extremely wea ...
In this episode, we talk about the recent news that Nordstrom will be winding down its Canadian operations. We then look at some recent earnings including Live Nation, Intuit, Canadian Banks and several retail companies. Symbols of stocks discussed: LYV, JWN, COST, WMT, ...