Monday Investment Advice on the Radio

Markets started the day off in the green however they have gone flat in the US but are about 1% lower in Canada led down by materials and financials. In the US, earnings will take center stage this week and tomorrow housing starts are out for June. In Canada, the Bank of Canada meets tomorrow so we'll see what they do with the overnight rate. Later this week CPI numbers will be out and expectations are in the 1% range so with inflation low and the markets the way they are, analysts are less convinced a rate hike is in order.

Scotia Economics came out with their Global Economics Forecast and I thought I would highlight some key points this week. The first point is that they expect economic growth to remain positive, but tempered. Weaker than expected economic data in the US has questioned the speed of recovery so Scotia has lowered its growth forecasts. For a copy of the Forecast give me a call at 250-868-5525 or visit yourlifeyourplan.ca.