Investment Advice on the Radio

Last Friday North American markets finished the week with negative returns and that seems to be carrying forward for the TSX today. The TSX is lower by almost 1%, with weakness across all sectors. The Canadian dollar is trading just below 94 cents this morning. US markets are closed for the Independence Day and markets are mixed in both Asia and Europe. This week jobs data and housing starts for June comes out in Canada. These two reports are important because they are among the last data the Bank of Canada has to consider before its' July 20th rate decision.

Scotia Capital increased both the short and long-term gold and silver price forecasts. Their reasoning is that economies around the world are still on shaky ground and investors will look to hedge the risks seen in the debt and equity markets by investing in gold and silver. For a copy of this report give me a call at 868-5525 or visit yourlifeyourplan.ca.