Friday Investment Advice on the Radio

The news driving markets this morning is European Bank stress tests. 91 lenders from 20 countries have faced the so-called stress tests and the results are out today. Earnings season is off to a strong start with over 85% of S&P 500 companies reporting positive EPS surprises so far & Canada's inflation number came in at 1%. So far this morning markets are 50/50 but have just moved into the green. North American markets are looking like they will finish the week up higher.

Scotia Economics forecasts the Canadian dollar remains positive relative to the US dollar. They expect the loonie to appreciate above parity over the next 12-18 months. It's trading at just over 96 cents this morning. They also expect the Australian dollar to appreciate relative to the US dollar. An investment opportunity for Canadians is to by Australian denominated bonds which are currently providing a 4% incremental yield over Canadian bonds. For a copy of the report give me a call at 868-5525 or visit yourlifeyourplan.ca