Investment Advice on the Radio

The big news driving markets higher this morning is the decision by China to allow it's curreny to float aginst the US dollar. Economists expect further strengthening of the Yuan in the next few days which will be good for the markets because it will empower Chinese consumers to spend abroad and help with inflation in China. Another signal markets should rise are US treasuries fell as bond traders are anticipating investors will be shifting into riskier assets.
The key numbers this week are the Consumer Price Index for May in Canada which comes out on Tuesday. Inflation doesn't appear to be a problem here so this should be positive for the Canadian dollar and negative for bonds. US non farm payrolls comes out on Friday and most expect weakness in the labour market.
Scotia Capital expanded coverage of the Oil & Gas sector and put out a report titled "Going for the Two-Point Conversion: Growth and Income". For a copy give me a call at 868-5525 or visit yourlifyourplan.ca!