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Market
Focus
- By Jeff Wachman
Wondering where the world currently sits in the
economic cycle. Have a look at this excellent Powerpoint
presentation by Fritz Meyer Senior Market
Strategist Invesco-Trimark. Please keep in mind that
many of the graphs in the presentation refer to the
US not Canada.
I’ve read it and
I like it……
Interest
Rates
increases will back off at least for now.
We know that the Bank of Canada has committed to
maintaining an inflation rate level of 1-3%. The
last two rounds of interest rate increases seem to
have cooled the increase in housing prices in
Ontario and Quebec which was perhaps the only
markets that were showing signs of excessive
inflation in price relative to economic activity. I
am still watching the price of oil and price
increases in the manufacturing sector to see if
inflation realities will encourage the Bank of
Canada to bring up interest rates to more
historically neutral levels. (They are still well
below average - See June
2010 Newsletter) If you travel in the US and
spend USD, remember that as oil rises so does the
Canadian dollar vs the USD.
Sincerely,
Jeff Wachman B.Comm, R.F.P
Senior Financial Planning Advisor
Assante Financial Management Ltd.
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