Wednesday Investment Advice on the Radio

Despite a rally on strong earnings, North American markets are now in the red ahead of a speech by Ben Bernanke and anxiety over global growth. The Canadian dollar also rallied at the start of the day and was up over 96 cents but is now back below that level. Oil inventories are out this morning so that will likely impact oil prices, depending on whether there is a draw or build up. Asian markets finished mostly higher on steel prices and European markets were trading higher this morning for the first time in a week on a broad rally.

Scotia recently came out with their Global Economic Forecast and it has some key points for investors to consider. The Bank of Canada increased rates a 1/4% yesturday but the US rate hikes are not expected until Q2/2011. The US economy is expected to grow by 3.2% this year and by 2.6% in 2011. Credit Suisse recommends underweight US securities. For a copy of this report give me a call at 250-868-5525 or visit yourlifeyourplan.ca.