Pharus Wealth Advisory Group’s Post

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy https://bit.ly/4g5n8aA

Weekly Market Roundup: In the first full weekly market roundup of 2025, Justin Trudeau announced his resignation as Prime Minister, leaving Canada without stable leadership at a critical time. With President-elect Donald Trump set to take office soon, the potential for new tariffs on Canadian exports adds to the uncertainty. Economic Highlights: *US Job Market: The JOLTS survey shows a 4.8% increase in job openings, with the quit rate back to pre-pandemic levels. *US ISM Services: Strong performance at 54.1, with employment and new orders in expansion territory. *Job Numbers: December saw 256,000 jobs created in the US and 91,000 in Canada, with a notable portion of Canadian jobs in the public sector. Market Reactions: *Bond Market: Continued pressure with concerns over potential inflationary pressures from new US policies. *Stock Market: North American and European markets up, while Asia saw some detraction. Growth in energy and financials sectors, with industrials and consumer sectors pulling back. Looking Ahead: *Central bankers will focus on the Consumer Price Index (CPI) and December retail sales. *Housing starts data for both Canada and the US will be closely watched. Stay informed with Pharus Wealth Advisory Group for regular updates and visit our website www.pharuswealth.ca for detailed analysis and insights. #MarketUpdate #EconomicInsights #InvestmentNews #FinancialTrends #PharusWealth

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy https://bit.ly/4jhEEeb

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy https://bit.ly/42fxNMl

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy

The Weekly Roundup: In a remarkable turn of events, the Canadian Federation of Independent Business has reported a surge in business optimism, with the index leaping to 56.4 in May 2024 from 47.7 in April. This marks the highest level of confidence among small and medium-sized businesses in nearly two years! 🔍 Economic Insights: Employment Growth: Non-farm payrolls expanded by 51.4k in March, signaling robust job creation. Wage Trends: Average weekly earnings witnessed a 0.5% uptick, reflecting a positive wage trajectory. GDP Analysis: Despite a softer Q1 GDP growth at 1.7%, compared to the anticipated 2.2%, there’s a silver lining. The Bank of Canada is poised to cut interest rates this summer, potentially boosting GDP growth in H2 2024. 📉 Market Movements: The bond market experienced heavy trading following a US selloff. Equities saw a dip, recording the worst weekly performance since April. The S&P/TSX remained resilient, thanks to strong showings from CIBC and RBC. 🌐 Stay Informed: Don’t miss out on timely and relevant market and economic updates. Follow the Pharus Wealth Advisory Group page and stay informed and updated. 🔗 Explore Wealth Management Solutions: Visit our website at www.pharuswealth.ca to discover how Pharus Wealth can help you navigate the complexities of wealth management. #PharusWealth #CanadianBusiness #EconomicGrowth #MarketTrends #WealthManagement #FinancialInsights #InvestmentOpportunities #BusinessOptimism #GDPAnalysis #EmploymentGrowth #InterestRates #BankOfCanada

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy

The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week. #economy