Investment Advice on the Radio

The Canadian dollar reached its strongest level since May 2008 after shooting back through parity yesturday. Its being powered by expectations that the Bank of Canada will raise rates earlier than expected. In addition, equities and commodities are rallying on strong U.S. earnings. Markets started the morning off green and are now pulling back a little in North America. They finished mostly higher in Asia. European markets are struggling over Greece and the aftermath of the volcanic disruption.

With only 8 more months of tax holiday remaining for income trusts I want to highlight Scotia Captitals expectations for a couple of the trust subgroups. Most REITs are expected to make the necessary adjustments to have their income remain tax exempt and maintain their level of distributions. I will focus on a couple of other trust sub groups tomorrow and Friday. Our next event is on Friday May 7th at 9am. We will focus on investment strategies in a rising interest rate environment. To find out more about this you can visit our website at yourlifeyourplan.ca.