Markets continue to move higher as the economy remains strong and we have seen inflation flatten. It has not reached the Federal Reserve target of 2% and I truly have my doubts it will but it has stopped rising so that is a positive and the markets like this. Canada has seen a nice move in financials other than Toronto Dominion, of which we have trimmed due to a lot of negative news and the potential of this overhanging the company for a while. Oil's have come back a bit but the long term trend in this area as well as the conflicts in the Middle East still provide a good story for oil going forward. Bombardier went from being a dog in our portfolio to a race horse, however the numbers never changed just the stock price and hence the reason when you know what you own it makes it pay off in the long run. The story still remains strong for Bombardier and we are committed until our target is reached. We still have a good amount on the sidelines as the summer can provide some volatility and we will continue to put funds to work on opportunities.

In the U.S. I removed Elanco Health and DT Midstream for some nice gains. I also trimmed some GE Vernova (nuclear power company) as this company really took off and I felt it best to lock in some nice quick gains. This allowed me to remove some losers like CVS Health to strengthen the portfolio and lessen some capital gain taxes. I like the utilities for future power needs and natural gas companies and I have been starting a position in a cybersecurity company. Here as well I have a good amount of U.S. funds on the sidelines that we can work into the portfolio over the summer when the market gives us some opportunities. It appears as long as the Fed is expected to cut its rate, this will provide some underlying strength to the market going forward. I expect when it does cut, it might be a sell on the news event and we will invest accordingly as this plays out.

Have a great day and I look forward to keeping you posted on any further developments.