Tuesday Morning Radio Spot
Rallying - The US$ is higher relative to the Euro because of short covering ahead of the Federal Reserve meeting today. The Canadian dollar is higher relative to the US$. It's closing in on 99 cents. Agrium Inc. rose 4.4 per cent. This is a carryover from last week when the U.S. Department of Agriculture predicted a corn shortfall.
Reversing - Stocks are slightly in the red. Investors are awaiting the FOMC meeting today and there are concerns over China's growth. The declines are fairly widespread in the US. In Canada, commodities are weak after the price of crude oil and gold retreated.
For those approaching or in retirement ScotiaMcleod's Financial Planning Group just released a report on the upcoming changes to the Canada Pension Plan. The CPP will undergo some changes to provide equity and flexibility to older workers. These changes will be gradually phased in over 5 years starting in 2011. For a copy call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - Stocks are slightly in the red. Investors are awaiting the FOMC meeting today and there are concerns over China's growth. The declines are fairly widespread in the US. In Canada, commodities are weak after the price of crude oil and gold retreated.
For those approaching or in retirement ScotiaMcleod's Financial Planning Group just released a report on the upcoming changes to the Canada Pension Plan. The CPP will undergo some changes to provide equity and flexibility to older workers. These changes will be gradually phased in over 5 years starting in 2011. For a copy call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
6:12 PM
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