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Monthly Performance Review

Updated: Apr 30


February's Performance

5.01%

Major Event/s

The war in Ukraine

F.A.I.T.H.

F.A.I.T.H got her first experience with a geo-political event - a war

Performance review

February was special in that our artificial intelligence encountered a war for the first time. The last 4 days of the month, February 24 to 28 saw increased volatility due to Russia's invasion. Similar to human expectations regarding the war F.A.I.T.H. adjusted her trading parameters as the invasion did not unfold as expected. The patriotic and heroic defense by Ukrainians of their homeland caused markets to rebound all over the world. The US dollar which is the default safe haven currency did not benefit as F.A.I.T.H. expected, and the Loonie held its ground, especially since oil prices may increase due to war time shortages. The gains expected from US dollar strength did not materialize and F.A.I.T.H. learnt that war is anything but predictable.


March's Performance

5.04%

Major Event/s

FED rate hike

F.A.I.T.H.

F.A.I.T.H.'s 1st FED rate hike

Performance review

Faith successfully navigated her 1st FED rate hike as well as adjusting to the realignment of oil to the Loonie and risk on and off sentiment based on updates on the war in Ukraine.

April 2022 - 5.01%

The Bank of Canada raised rates for the second time this year. It increased the rate of its increase from 0.25% to 0.50% , moving its benchmark rate from 0.5% to 1%. This move was anticipated and the major movement in the pair was due to poor quarterly earnings reports which fanned the flames of a looming recession.

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