Knowledge Centre

Something very rare occurred on February the 12th, 16th and 17th as the S&P/TSX stock market index gained more than 1.4% per day for three consecutive days. Since 1980 this has only happened nine other times. The interesting aspect is that it has historically triggered an extraordinarily large surge in the value...

History has a way of repeating itself and it might be about to deliver a welcome relief from the Canadian stock market turmoil in the form of a turning point in what has been a one-sided slide since mid-April of 2015. Investors who are fearful should keep in mind what...

In theory rising interest rates spell trouble for stocks but history confirms that equity market returns have varied significantly following an initial central bank rate hike. This is because not all interest rate hikes are equal. An increase is more meaningful if the starting point is 0.5% as opposed to...

If stock markets around the world had fallen by more than 50% from their peak, investors would have been in quite a tizzy with the panic of collapse and catastrophe running rampant. But it is not stocks that are in a nasty bear market, it is commodities. They are far...

Across the investment landscape there are countless philosophies, gauges and indicators that have attempted to elicit exploitable intelligence and generate superior performance. The last century has seen new paradigms, recycled theories and just plain hokum put forward as the answer to every investor's dreams. In the end, solid fundamental and...

The global financial markets are intertwined into one gigantic and convoluted web. Nowhere is this truer than with the relationship between currencies and bond spreads, which are the difference between various country's interest rates. Bond yield differentials play a significant role in determining the direction of a currency and has...

The past four years have not been kind to Canadian stocks when compared to U.S. stocks and adjusted for exchange rates. The average annual total return for the S&P/TSX Composite index for the four years ending December 31, 2014 was 5.5% versus 20.9% for the S&P 500 (all returns in...