Market Review and Portfolio Strategy October 2019 Edition The last few weeks have been eventful for global equities. After rising to almost a record in mid-September on optimism about a China-U.S. trade deal, the MSCI ACWI (all countries), retreated after Saudi oil output was impaired by attacks on a major facility. Though Saudi production has since been restored, the markets remain mired in uncertainty in the face of indications that trade tensions are hurting corporate...
What to expect for the rest of the year? Since the beginning of the year, markets were often bullish, and especially volatile. What to expect for the rest of the year? Here are highlights that caught the attention of National Bank’s team of economists: Canada The economy and the job market should remain dynamic. Strong U.S. demand, a weak loonie and the elimination of aluminum and steel tariffs are likely to boost exports. United States...
The Keys to Building Wealth For many Canadians, building true wealth might seem unobtainable, or even illusory considering that many people, who very recently were sitting on six and seven-figure RRSP’s and home equity values, now feel unprepared for retirement. The primary lesson learned from the recent financial crisis is that wealth can be fleeting. However, wealth creation always has been, and still is, a process grounded in sound principles and practices that, when applied...
Saving Money versus Paying Off Debt Saving money versus paying off debt is an age-old quandary that has plagued people since the advent of consumer debt. Posing the question to a group of financial planners, the responses will usually be split, roughly, down the middle. While there may be as many advocates for savings as there would be for paying down debt, the broad consensus will likely be that it really depends on the specific...
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MARKET REVIEW OCTOBER 2018 STOCK MARKETS (as of October 12th, 2018) Canadian Equities This year, the TSX60 (the 60 largest market capitalizations) is down -2.7% as of October 12, 2018. The poor performance of the S & P / TSX was not due to the weak economy. In fact, the Canadian economy continued to hold positive surprises and earnings per share (EPS) of the S&P/TSX index exceeded expectations. So what has affected the Canadian benchmark...
STOCK MARKETS (as of June 29th 2018) Canadian Equities Despite rising trade tensions, the S&P/TSX managed to post modest gains last month, even setting a record high on June 22. That brings Canadian equities up 1.9% halfway in 2018, with technology, industrials, real estate, and energy names leading the pack, while defensive sectors such as utilities and telecom got left behind. U.S. Equities The S&P500 also closed June marginally positive, passing along a bumpy road...
Your Market Review It’s becoming clearer why world GDP growth accelerated sharply last year. Latest data from the CPB showed trade volumes not only reaching a new record but also growing in 2017 at 4.5%, the fastest pace since 2011. Stock market Canadian The S&P/TSX continues to struggle. What ails Canadian equities? The answer is P/E compression due to NAFTA uncertainty and household debt. In our view, the current pessimism about the S&P/TSX is overdone...
Tax Guide 2017
Your market review 2017 has been encouraging. The largest economy in the world, the United States, has found its alluring energy and great exporting powers such as the euro zone and Japan are about to register a greater than their long term potential growth thanks to an increase in world trade. The emerging economies have also grown faster than the year before. In turn, the majority of the great markets have reached record heights. Will...