Market Update for February 2017 – Markets at all time highs?
Stock markets were positive in February, and Canadian and US stocks continued to hit new all time highs. Should you change your investment style with markets all time highs?
Guiding you along your financial journey
Stock markets were positive in February, and Canadian and US stocks continued to hit new all time highs. Should you change your investment style with markets all time highs?
Stock markets were subdued in January as investors continued to ponder the implications of a Donald Trump presidency. Despite that, the S&P500 and TSX60 hit new all time highs in January. ETFs have been seeing broad adoption globally, but Canada has been lagging. Why?
Stock markets finished 2016 on a positive note, with the S&P500 and TSX60 hitting all time highs in December. This time of the year, many prognosticators are bringing out their stock market forecasts for 2017. But given how far off the 2016 forecasts were, best to take them with a grain (or bucket) of salt!
The US electorate shocked many by electing Donald Trump as their next president. The stock markets seem happy with the result, but the bond markets have suffered a deeper selloff than we’ve seen in over a decade.
October was a mixed month, Canadian and European equities performed well while bond markets were weak. At the eleventh hour, a small region in Belgium held up the EU’s trade agreement with Canada but ultimately signed on.
Despite all the headlines reminding us that September is historically the worst month for the stock markets, most were positive around the world. The Canadian government announced more changes that will affect insured mortgages and all future property sales under the principal residence exemption will have to be reported to CRA.
Stock and bond markets were subdued, as is typical for August. The Canadian economy posted its worst quarter since the financial crisis, meaning that interest rates in Canada are unlikely to change any time soon. Meanwhile in Europe and Japan, US investors are turning negative yielding bonds into money makers.
Stock markets around the world shrugged off Brexit and posted strong gains in July. The B.C. government surprised many with a 15% additional property transfer tax on foreign buyers in Greater Vancouver.