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THIRD QUARTER 2017 RETROSPECTIVE AND PROSPECTIVE – Ten Years Later

It has been ten years since the great financial crisis. In the US, the S&P 500 peaked on October 9, 2007. The Canadian market continued its upward trajectory into the following year peaking in June as energy stocks were buoyed by high oil prices. While the bull market leading up to 2008 had duration of about five years, the current bull market has gone on for ten years without any significant setback. [+] Read More

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SECOND QUARTER 2017 FIXED INCOME COMMENTARY

The victory of Emmanuel Macron in the French presidential election, followed by a decisive victory of his party in the legislative round, gave him control of the National Assembly, thereby reducing any near term concerns regarding the stability of the European Union (EU). [+] Read More

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SECOND QUARTER 2017 RETROSPECTIVE AND PROSPECTIVE – Polarizing Views

The media and President Trump continue their war of words on fake news and counter accusations of bias and polarized opinion. While Mr. Trump’s base support remains firm despite the deluge of negative press, investors are focussing more on economic fundamentals. [+] Read More

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FIRST QUARTER 2017 FIXED INCOME COMMENTARY

If the first quarter is a harbinger of political turbulence to come, then we are looking forward to interesting times! The Trump presidency has had a rocky start with changes in tack regarding appointments and implementation of promised reforms. While new administrations do tend to have their challenges as they settle into their roles, the Trump administration seems to have had more than their share. It can only be hoped that they will find their “sea legs” soon. [+] Read More

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MARKET COMMENTARY – FIRST QUARTER 2017 RETROSPECTIVE AND PROSPECTIVE

MARKET COMMENTARY Since the inauguration on January 20, we have all been inundated by media reports on the first one hundred days of the Trump administration. While stock market participants entered the year with apparently high expectations, towards the end of this 90 day quarter there has been wavering of sentiment as the realization that not all of Trump’s campaign promises are likely to be delivered. [+] Read More