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.

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Voters in the UK put stock markets into a bit of a tumble after they narrowly voted to leave the EU.  North American stock markets fared better and recovered their losses by the end of the month.  The biggest loser was the British Pound which hit a 31 year low just after the vote and has continued to drop.

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Oil rose sharply in April, helping the Canadian Dollar rise to levels not seen in almost a year.  Canadian stocks were also helped by oil prices, particularly the S&P/TSX Venture index which had its best month ever.

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Stock markets around the world rose in March with Canada leading the way. The Canadian dollar had another strong month and the new federal government revealed their first budget with a headline grabbing deficit.

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Stock markets seemed to stabilize in February, giving some comfort to investors after a rocky few months. The Canadian dollar retreated quickly from its lows of 1.45 to the USD that were reached in the middle of January, while oil recovered to the mid $30 range.

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Stock markets had another bad month in January. The Bank of Canada left interest rates unchanged despite analyst predictions and the Bank of Japan joined the negative interest rate club.

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Stock markets had an uncharacteristically bad December. The US Federal Reserve finally raised interest rates, while the Bank of Canada left interest rates alone.

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