Monday Morning Radio Advice
Rallying - Markets are rising this morning. US Homebuilders sentiment rose for the first time in a number of months. More importantly, we have a number of U.S. companies reporting earnings and so far Citigroup posted strong results, 2.2 billion profit this 1/4. The Dow is up almost 1/2% at this point.
Reversing - The Canadian dollar is losing ground to the US. It's trading at 98.50 cents. Consequently, gold is also lower at about $1370 an ounze.
Opportunity - Scotia Capital updated their Global Forecast and made some changes relative to fixed income. Canadian bonds remain less than inspiring. Scotia continues to estimate that 10-year bank bonds will offer the best relative return. They previously forecast 10 year bank bonds will pay 4.25% however they now forecast 3.16%. For a copy of the report call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - The Canadian dollar is losing ground to the US. It's trading at 98.50 cents. Consequently, gold is also lower at about $1370 an ounze.
Opportunity - Scotia Capital updated their Global Forecast and made some changes relative to fixed income. Canadian bonds remain less than inspiring. Scotia continues to estimate that 10-year bank bonds will offer the best relative return. They previously forecast 10 year bank bonds will pay 4.25% however they now forecast 3.16%. For a copy of the report call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
11:28 AM
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