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Welcome to the April edition of the Wealth Awesome newsletter. Thank you to the 25,000+ 🇨🇦 subscribers who join us today!
Market Update
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Summary
Oil Up, Rates Flat: Central Bank Stays the Course
The Bank of Canada is expected to hold interest rates steady once again as it navigates a tricky balance between rising inflation and modest economic growth.
Higher oil prices are pushing headline inflation back above the target range, but underlying core pressures remain relatively contained—giving policymakers room to stay patient.
Meanwhile, Canada’s economy is showing steady, if unspectacular, momentum with GDP growth tracking modest gains in Q1, supported by consumer spending and recovering manufacturing activity.
Weak housing and softer energy production remain drags, but overall conditions suggest stability rather than urgency for policy changes.
⏱️ TLDR: Inflation is ticking up from oil, but steady growth and stable core pressures mean the Bank of Canada is in no rush to move rates.
Key Takeaways 💡
Oil driving inflation, not demand: Rising energy prices are lifting headline inflation, but core pressures remain controlled.
Rates staying put: With steady growth and stabilizing labour markets, the BoC sees little need to act in the near term.
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Canadian stocks over the last 30 days ( March - April 2026)
The TSX had a strong and broadly positive month, led by financials and select industrials. Big gains from TD (+11.38%), BN (+13.96%), BMO (+10.91%), and RY (+7.89%) drove momentum, while Shopify (+6.26%) also contributed on the tech side. Materials and gold names like AEM (+4.25%) and FNV (+3.71%) added support. On the downside, energy lagged, with CNQ (-10.04%) and IMO (-4.49%) pulling back. Overall, markets leaned decisively green, with strength concentrated in banks and diversified names while energy showed signs of weakness.
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Thats it for this month!
The Wealth Awesome Team
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