Weekly Insights

Jul 10, 2018 | Ronald J. Wilcock


June 28, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

With proceeds from Lobsterfest and some other funds, we approved a few international aid projects for our Rotary Chapter last week. I had proposed a project for Mercy Ships and it was one of the ones chosen, so I will be the “Champion” for that project. I am hopeful that with some hoop jumping and some luck, we may be able to parlay the funds our chapter committed with some Rotary District, and then Rotary International, matching funds. That would turn it into a great additional project for the country of Senegal when Mercy Ships is scheduled to arrive there somewhere around late 2019. Either way we are supporting a very worthwhile cause and I am pleased to play a small hand in it.


This Past Week and more; North American markets were positive last week while international markets were mixed. The S&P/TSX was up 0.6%, while the DOW and SP500 were up 0.8% and 1.5% respectively.

On June 30th, at the half way point of 2018 (I know, hard to believe) 2 out 3 of the major North American markets were positive with the S&P/TSX up 0.4%, the S&P500 up 1.7%, and the DJIA was 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, US and Chinese tariffs on each other came into effect last week. 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.
A number of earnings reports are scheduled this week and are expected to be positive. Let’s hope those move markets in the right direction.


The Weekend/Weather; And the heat goes on. Temperatures are set to stay in the 80’sF/high 20’sC for the week, with sunshine every day and, at this point, some possible thundershowers on the weekend. There will be plenty of outdoor activities available.

Stay hydrated and have a great week!


Global Insight WEEKLY

Trade tensions heat up: What investors need to know

June 28, 2018


Global Insight Monthly

European equity downgrade: Continental drift

July 2018


My team provides a proven, comprehensive approach to wealth management for business owners and families. Should you know of any friends, family, or associates whom you think would benefit from our professional services, it would be my pleasure to talk with them to learn how we can help. Contact Us Here to be added to our Weekly Newsletter or to ask for a complimentary portfolio review.


This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ® / TM Trademark(s) of Royal Bank of Canada. Used under licence. © 2018 RBC Dominion Securities Inc. All rights reserved.