Monthly Archives: July 2017

Monthly Recap: July 2017

Most asset classes exhibited strength through July, with the exception being the TSX.  Since the calendar year peak on 21-Feb-17, the Canadian equity benchmark has shed 5% (as at 24-Jul-17).  The recent weakness is surprising considering that oil (+9.4%), gold (+0.7%) and the Bloomberg Commodity Index (+4.5%) have been climbing in July.   Similarly, the S&P …

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Newsletter: Volume 14, Issue 3, July 2017

Trump/Reflation Trade Begins to Unwind – International equities delivered a solid quarter as growth in Europe and a resurgence of interest in Emerging Markets helped propel gains. European economies have been resilient in the face of disintegration risks, generating growth near 1.5% per annum and higher headline inflation. Meanwhile, Emerging Markets have benefitted from profit …

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