The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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First half check-up
– moneysense.ca
The first half of 2017 is in the history books. While the TSX only rose 0.74%, broader markets did very well. In Canadian dollar terms, the S&P 500 posted a gain of 5.68% for the first six months. Japanese equities increased 6.42% while European stocks returned 12.05%. Emerging markets topped the list with a sizeable rally of 14.63%.
The questions investors should be asking now, however is what comes next. Will Canadian equities play catchup with the rest of the world? And how will rising interest rates in Canada and the U.S. affect portfolios? Before we get to that we should understand what drove those markets through the first six months of the year.
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Since January investors embraced equities as global economic data has been generally been healthy. While there were headwinds, both economic and geopolitical in nature, none managed to meaningfully scare markets. As a result volatility remained low by historical standards.
Putting the financial crisis in the rear-view mirror
Having been ultra-dovish for years, many central banks are now either making hawkish noises or taking hawkish actions…
The questions investors should be asking now, however is what comes next. Will Canadian equities play catchup with the rest of the world? And how will rising interest rates in Canada and the U.S. affect portfolios? Before we get to that we should understand what drove those markets through the first six months of the year.
Sign up for our free investing newsletter »
Since January investors embraced equities as global economic data has been generally been healthy. While there were headwinds, both economic and geopolitical in nature, none managed to meaningfully scare markets. As a result volatility remained low by historical standards.
Putting the financial crisis in the rear-view mirror
Having been ultra-dovish for years, many central banks are now either making hawkish noises or taking hawkish actions…
