Whew, you definitely had to stay hydrated and sun smart, but what a great Canadian weekend!
In addition to all the other weekend activities; Diane and I walked over to Columbia park on Canada Day to see the booths, the entertainment, take advantage of the plethora of food trucks, watch the crowds, and generally enjoy the atmosphere and tradition.
This Past Week and more; It was a volatile week, to finish out a volatile month, to finish out a volatile year. At the half way point of 2018 (I know, hard to believe) 2 out 3 of the major North American markets are positive with the S&P/TSX up 0.4%, the S&P500 up 1.7%, and the DJIA being the negative hold out at -1.8%. Most major international markets are negative ytd at this point.
Our analysts still believe the year will finish on a positive note, with trade and tariff concerns of course being the wild card.
Speaking of which, Canadian retaliatory tariffs came into effect on July 1st with a focus on steel and aluminum. Trump has indicated he wants to hold off on NAFTA until later in the year after US midterms in hopes that Republican wins will give him more political strength to negotiate with. Chinese central bank officials pledged to keep the yuan at a reasonable and balanced level.
US Markets were open yesterday and after starting the day down they worked their way back up throughout the day. They have opened up today and will be closed for Independence day tomorrow.
The TSX has opened up this morning as well.
The Weekend/Weather; Summer is definitely here and the weather should continue to prove that. Temperatures appear set to cool a little on Friday for a more comfortable temperature on the weekend.
Enjoy your week!
Global Insight WEEKLY
June 28, 2018
Global Insight Monthly
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