Wednesday Morning Radio Spot
Rallying - Stocks are up about 1% today. Strong earnings, upbeat data from China and the belief that the Federal Reserve will add more stimulus is driving the markets higher. Commodities are rallying with gold, silver, copper and oil all strong. Industrials are also rallying after solid railway earnings in the US and upgraded ratings on Canadian railways from UBS.
Reversing - The US$ is lower with the view the the Fed will flood markets with cheap cash to boost economic growth. The Canadian dollar is almost at par with the US. Weakness appears to be in the more defensive sectors like consumer staples and telecoms.
Investment Opportunity - For those concerned about retirement, one of the upcoming changes to the Canada Pension Plan is that they will make adjustments for taking CPP early more neutral. They intend to make these changes so early retirees do not benefit more than later retirees. For more details on upcoming changes to CPP call me at 868-5525 or visit yourlifeyourplan.ca
Reversing - The US$ is lower with the view the the Fed will flood markets with cheap cash to boost economic growth. The Canadian dollar is almost at par with the US. Weakness appears to be in the more defensive sectors like consumer staples and telecoms.
Investment Opportunity - For those concerned about retirement, one of the upcoming changes to the Canada Pension Plan is that they will make adjustments for taking CPP early more neutral. They intend to make these changes so early retirees do not benefit more than later retirees. For more details on upcoming changes to CPP call me at 868-5525 or visit yourlifeyourplan.ca
posted by David Allard at
6:19 PM
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