Investment Advice on the Radio

In Canada, markets are starting the morning off in the green and in the U.S. a little flat. The big news out of Canada is core inflation for March came in at 1.7%. This was a surprise to the low side and has put the brakes on the prospects of aggressive rate hikes in the near-term. Consequently the Canadian dollar has loosened it's grip on par.
In the U.S. newly built home sales surged 26.9% last month which is the largest advance since April 1963. In addition manufacturing numbers had their biggest gain in more than 2 years. Offsetting these numbers is some earnings results which have been positive but not stellar which is weighing on the markets. Next week GDP numbers are out in the U.S. and I think investors can go into the weekend with the view that the recovery is well under way in North America at least. For more information on investing visit our blog @yourlifeyourplan.ca