Weekly Insights

Jun 05, 2018 | Ronald J. Wilcock


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May 31, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

Although it is uncertain who said it originally Winston Churchill was quoted in the British house of commons with “Indeed it has been said that democ­ra­cy is the worst form of Gov­ern­ment except for all those oth­er forms that have been tried from time to time.…”. It is clear that a number of Ontarians do not like any of the choices in our upcoming provincial election. We do live in one of the greatest democracies and countries in the world though and are extremely privileged with what that affords us. If you didn’t make it to the advanced polls, make sure you get out Thursday to exercise your right to vote.

 

This Past Week; After a volatile week, very impressive US job numbers helped North American equity markets make an end of week surge and finish around even. The May unemployment rate matched the lowest level since 1969. Although it has been close a few times over the year May’s unexpected drop of a further 02.% brought the May rate down to 3.9%. We can debate exactly how far along we are in the economic cycle but, there is no debate that this indicates a very strong US economy at present.

 

The Weekend/Weather; After some early summer weather we are getting back a few days of spring. Temperatures will be in the 60’s for a few days (actually a high of 57F predicted for tomorrow) before moving up into the 70’s/high teen’s C later in the week.

Enjoy the spring weather and have a great week!

 

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