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Canadian CPI, $ATD, Costco Crackdown, Sam Bankman-Fried – Market News
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Inflation & The Bank of Canada, $ATD, Costco Crackdown, and Sam Bankman-Fried – Market News in English
The economy is a dynamic entity that is influenced by various factors, and staying updated with the latest market news is crucial for investors and individuals alike. In this article, we will explore some significant developments in the market, including inflation concerns, the Bank of Canada’s role, the recent crackdown on Costco, and the rise of entrepreneur Sam Bankman-Fried.
Firstly, inflation has been a topic of concern for investors and economists. Inflation refers to the increase in the overall price level of goods and services in an economy over a period of time. Recently, many countries, including the United States and Canada, have experienced a surge in inflation. This rise can be attributed to multiple factors, such as supply chain disruptions, increased demand as economies reopen, and monetary policy measures. While some argue that this is a temporary phenomenon, others express concerns about its potential long-term effects.
To address inflation and maintain economic stability, central banks play a crucial role. For instance, the Bank of Canada has the responsibility of overseeing monetary policy in Canada and ensuring economic stability. During times of inflation, central banks might adjust interest rates to manage and control the overall price level. The Bank of Canada carefully monitors inflation rates to make informed decisions on managing interest rates, which can impact borrowing costs, investments, and economic growth.
Moving on to the corporate world, there have been recent developments concerning major retailers. A notable example is the crackdown on Costco, a multinational retail corporation known for its warehouse club model. Costco faced scrutiny and legal action due to allegations of violating regulations related to product labeling, overcharging customers, and selling substandard or counterfeit goods. Such crackdowns aim to protect consumers’ rights and maintain fair business practices in the market.
Finally, in the world of finance and entrepreneurship, we cannot overlook the rise of Sam Bankman-Fried. Bankman-Fried is a young entrepreneur and founder of FTX, a cryptocurrency exchange company. With the increasing popularity of cryptocurrencies, FTX has gained significant attention and has quickly become one of the largest cryptocurrency exchanges globally. Bankman-Fried’s success story showcases the potential and opportunities in emerging sectors like cryptocurrency, highlighting the evolving landscape of finance and investment.
To conclude, staying updated with market news is vital to navigating the ever-changing world of finance and economics. Inflation concerns, central bank policies, regulatory crackdowns, and entrepreneurial success stories are just a few aspects that shape the market. It is crucial for individuals and investors to stay informed and adapt to these developments to make informed decisions and thrive in the dynamic world of finance.
I really think everyone needs to stop using statistics to figure out how things are going. Start using dollars and cents. The average wage is about 45k a year and most people get around 1500 a year increase but the cost of living is going up by around 2k a year. We are reaching the point where the cost of living exceeds most peoples pay checks. So I don't care that the inflation rate is only 3.8%. It costs me at least 6k dollars a year most this year than it did last year while due to declines in customer demands my pay is down nearly 400 dollars a month. So effectively my pay has declined between 15 and 20% while cost of living has gone up by 3.8%. And frankly I'm paying about 15% more for the same food I was buying last year so yeah I don't for a second believe inflation is only 3.8%.
Watched and liked, thanks Marc!
Essentially, without Trudeau’s incompetence, we would be close to the 2% target inflation rate and have lower interest rates.
So sad another it increade more Money to Pay
great video, thanks Marc
I really like these videos. You’re one of the only Canada/financial news channels I know about. Keep it up!
Numerous economists argue convincingly that interest rates must surpass inflation rates to prevent mal-investment. The prospect of witnessing real interest rates below 2% in the future appears bleak at best, as it would likely occur only in the event of a severe economic calamity or disaster. Your thoughts?
Many economists strongly assert that a 2% inflation target is excessively high and, in the long run, it poses significant problems. The fundamental purpose of studying economics revolves around acquiring the knowledge required to uphold stability and sustainability. Numerous economists have successfully demonstrated that inflation stems from a monetary issue, namely an excessive amount of money or liquidity in the economy. Undoubtedly, temporary price increases can result from supply shocks, as evidenced by the aftermath of every hurricane that affects the United States. Persistently attributing inflation solely to supply shocks unmistakably highlights a glaring failure in government policy, as it signifies a failure to maintain stability and sustainability. EXCELLENT VIDEO KEEP THEM COMING*** a few points to ponder
Big Box stores were probably the WORST place to go during covid, as far as infection danger goes. probably safer at mom and pop down the corner…who were probably closed, unfortunately…
I wonder what the ATD earnings vs 2019 were? pre covid might be more relevant than anything up to summer 2022 or so.
Haven't watched much of your videos but I'm starting to love them. Perfect timing and informative information. I'm a beginner investor and I love your content.
We keep hearing that Inflation is going down but we actually don't see any changes of relief in our daily lives.
Food prices are not coming down.
Taxes are not coming down.
Gas prices are not coming down.
Rents are not coming down.
Home prices are not coming down.
Prices of goods and services are not coming down.
Nothing is coming down, in fact, everything is going up and up.
These inflation numbers released by BoC are just the numbers for the rich, in fact, they do not reflect the lives of working-class Canadians at all.
The middle class in Canada is getting wiped out by BoC's mismanagement of the monetary policies for the past 2 decades. (Destroying the value of the Canadian dollar, cutting the rates to record low and insanely printing money in 100s of billions).
Instead of releasing these numbers, people want to see the results & improvement in their lives, not just talk and talk by policymakers at BoC.
"National Emergency" should be declared for "Canada's Housing Crisis".
Foreign investors in Canada are controlling high stakes in Canadian Residential and Commercial Real Estate, Mining, Heavy Industries, Transportation, Agriculture, and Farming, Telecommunications, National Media (Newspapers, Radio, and TV stations) and now entering into Canadian Politics by interfering in and colluding in Canada's Federal & Provincial ELECTIONS to undermine our values and democratic process.
"Canada's Housing Crisis" is just one of the many crises created by these FOREIGN INVADERS, (foreign governments and their agents) who are pouring in $Billions to control the country, and our politicians are auctioning the country and its resources for higher bids.
The Housing Crisis must be a priority for our government to resolve, if not it will have SERIOUS and DEVASTATING Social, Economic, and Political Consequences for Canada as we are witnessing today; sharp & sudden rise in Mass Protests, Riots, Strikes, Unrest, Poverty, Crimes, Violent Crimes, Shootings, Inequality and Social Injustice, Tent Cities, etc.
The housing crisis in Canada must be addressed seriously, ONCE and FOR ALL, and as soon as possible.
The housing crisis should also be categorized as a "National Emergency" and a "National Security Threat" to the country's security and stability and not just an economic or market downturn.
Good point regarding high inflation year over year. Skews the data when 2022 inflation was reaching its peak around this time last year. Not out of the woods yet. Wait and see.
Thanks for these reports, Marc. Your observations are always astute, a highlight of my day!
I also equally appreciate your monthly observations on market direction. Haven’t missed a single one and have learned a lot through you.
Greetings from Downtown Van.
No wonder the self checkouts are sometimes longer lineups than cash lol
Nice news about ATD love a Canadian success story. Not sure I agree with them buying back shares I’d rather they use that cash to expand
I’ve owned ATD for over 10 years. Great synergies and growth over their acquisitions in that period. Dare to Succeed is a nice book going over the company’s history.
So the raising of interest rates which is supposed to bring inflation down is causing mortgage interest cost to go higher which in turn makes inflation go up?? Fantastic!
Great video, appreciate all the references and information. Really love those vids, keep it up ! Quick clarification for ATD, the increase in dividend mentioned is in reference to one that was already announced about 6 months ago, no new increases have been announced for the upcoming dividend. Was really hoping for the company to slip up so I can add to my position, but it has been firing on all cylinders.
Really Marc? Inflation surge in early 2022 due to the Russian invasion? I think most respected economists agree that it is largely due to all the QE increasing the money supply in the market and central banks sleeping at the wheel thinking the inflationary signs in late 2021 were transitory.
Loved the CPI breakdown. I love meet Kevin’s videos for fallowing the fed in the US. We need a channel like his for Canadians!
I think it would really help if you put a graphic up when stating figures like financials or CPI rates
Hi, would be nice to add timestamp but nice video
Thanks Marc
Great summary, Thanks.
First again