Tuesday morning radio Advice

North American markets are on the rise so far this morning. The markets are going to be driven by economic data today. So far we have had Case Shiller Price Index reporting a better than expected home price increase in the US and consumer confidence coming in higher than expected. The Chicago purchasing managers index came in as expected at 56.7 which still indicate expansion. In Canada, GDP numbers came in at 2% annualized for the period April to June, which is down from the previous 1/4.


Confidence is a key factor when it comes to the economy and financial markets. In it's August Outlook, Connor Clarke and Lunn reviewed a number of confidence indicators. Business confidence as measured by CEO surveys is strong thanks to cheap borrowing, high profit margins and strong earnings growth. For a copy of good companies with high profit margins and strong earnings growth, call me at 868-5525 or visit yourlifeyourplan.ca.