Investment Advice on the Radio

Markets are moving higher this morning. Spain unveiled an austerity plan that further erased jitters over sovereign debt concerns in Europe. Today all sectors are in the green in Canada including the Canadian dollar which is up over 98 cents to the U.S.
Earnings are in full swing in Canada and upside surprises are appearing in Consumer Discretionary, Energy and Financials. Across the broad market, over 50% of reports have topped expectations and with an average of 11% over consensus analysts expectations. Also, very positive reports coming out of the U.S. Despite this, macroeconomic issues and event risk are having their way with the market too. We're getting a swing back and forth between risk appetite and risk aversion. Consequently, expect more volatility. Visit yourlifeyourplan.ca for more on investing in volatile times.