Diane and I had a quick trip to Orillia Friday night to stay with friends and came back home Saturday night. On Sunday I played a round of golf with a friend – yes, my back is getting better thank you. This was followed by family for dinner Sunday to complete the weekend.
This Past Week and more; US and Canadian markets once again moved in different directions last week. The S&P500 and the DOW were up 1.2% and 0.9% respectively while the TSX was down -0.5%. Many international markets were up but, a few were down including China’s Shanghai. Let’s see; most equity markets were up except Canada and China. Who is involved with trade disputes with the US? Oh yes, Canada and China. (As an aside: Eric Lascelles, our Chief Economist, notes that China may be slowing but, it is still growing). Canada does appear to be closer to resolving NAFTA than China is to resolving their US trade dispute. This resolution will no doubt require some concessions on our country’s part. Further though, there are the US mid-term elections coming which is complicating strategy. These are the items we are watching and taking into account as we manage and adjust your portfolios.
The Weekend/Weather; I hope you were able to enjoy some lovely weather on the weekend.
For this week, after further heat and a mix of cloud and sun today, the temperature is set to drop into the 70’s/low20’s tomorrow. This As of right now, this is set to continue until Saturday , when it is set to drop to around the 60/15 range. That should make for a much different feeling weekend than the one just past.
Nonetheless, have a great week!
Global Insight WEEKLY
September 13, 2018
Global Insight Monthly
As the Brexit clock ticks down, what now?
September 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.