January Market Update

Feb 05, 2018 |Rita Li
Economic releases in Canada have been robust in the first month of January. GDP rose 0.4% in November 2017 putting the annual GDP growth on track to projected 2.9% for 2017. Robust employment data spurred Bank of Canada to raise the key lending rate by...
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November Market Update

Dec 03, 2017 |Rita Li
November Month in Review   Traditionally November and December are not the best performing months in the stock markets. In December markets can be depressed by tax loss selling to offset realized capital gains. January tends to outperform, due in a large...
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October Market Update

Nov 01, 2017 |Rita Li
Has The Market Become Too Expensive?   Since the first quarter of 2016, six quarters ago, the global stock market has had an amazing run, rallying more than 30% (for the S&P 500) against record low volatility and without a single 10% correction. This...
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August Market Update

Sep 12, 2017 |Rita Li
Fall 2017 Economic Outlook   U.S. economy expanded at a 3% (annualized) pace during the second quarter of 2017, Canadian GDP grew by 4.7% (annualized) in the same time period. The global economy is experiencing a synchronized global acceleration, with...
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July Market Update

Aug 02, 2017 |Rita Li
July in Review   Q2 2017 S&P500 earnings likely grew 11-12% RBC forecasts earnings growth of 8.4% over the next 12 months (vs. consensus at 11%). With the NY Fed’s probability of a recession at less than 7%, higher multiples should bring the return to...
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Mid-Year Market Update

Jul 04, 2017 |Rita Li
Mid-Year Market Update   In June the U.S. S&P 500 performed well on the back of stronger corporate earnings and positive economic release. While the Canadian S&P/TSX was in a slight negative territory, we anticipate stronger domestic economic growth for...
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January Market Update

Jun 01, 2017 |Rita Li
Janurary in review   The U.S. S&P500 returned 1.79% while the Canadian SP/TSX composite returned 0.64%.  The strong performance in the U.S. is propelled by companies reporting earnings beating expectations.  Oil is flat in the month stabilizing around...
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February Market Update

Jun 01, 2017 |Rita Li
February in review   As the end of February 28, the U.S. S&P500 returned 3.72% and the Canadian S&P/TSX composite returned 0.09%.  Historically in the first year of a four year U.S. presidential cycle, the market is usually strong into the summer. Oil...
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March Commentary and Q1 Update

Jun 01, 2017 |Rita Li
March review and Q1 update As of the end of day on March 31, the U.S. S&P500 returned 0.0% and the Canadian S&P/TSX composite returned 1.0%.  S&P 500 in the first quarter of 2017 returned 5.5% while Canadian S&P/TSX returned 1.7%. Oil (WTI spot/bbl.)...
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April Market Update

Jun 01, 2017 |Rita Li
April in review As of the end of day on April 30, the U.S. S&P500 returned 1.0% (YTD 7.2%) and the Canadian S&P/TSX composite returned 0.4% (YTD 2.9%). Oil (WTI spot/bbl.) is down 2.5% trading at $49.33USD/bbl. U.S. dollar appreciated 2.5% against the...
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