Thursday Investment Advice on the Radio

Yesturday Ben Benanke described the economic outlook as "unusually uncertain". Consequently markets sold off yesturday and Asian markets finished lower today. However markets are higher in North America and Europe. In the US strong earnings overshadowed global growth concerns and worries over a rise in new jobless claims. In Canada, commodities and financial are leading the charge. In Europe, the banks are on the rise ahead of the results of bank stress test results. This is a sign investors are optimistic the worst of the soveriegn debt crisis is behind us.


Scotia Economics forecasts now suggest investors should no longer sit in cash but should begin to extend terms in fixed income investments. They are now forecasting a much flatter yield curve over the next 12 months, with the forecast now indicating much lower longer term yields than previously expected. For a copy of this report give me a call at 250-868-5525 or visit yourlifeyourplan.ca.