A recent article in the Financial Post made me realize there
may be some surprised clients when they open their third quarter statements in
early October. (I have included the link below.)
Much of what we have heard, until recently, has been
positive news concerning the rallying stock markets in the US.
North Korea and not one, but two devastating hurricanes have tempered
that slightly, but things are still fairly positive for US markets.
Canadian investors on the other hand have had a far
different experience. With two somewhat unexpected interest rate hikes
bonds have been impacted quite negatively. As well, the resulting 10%
increase in the value of the Canadian dollar has wiped out most international
gains we have made in equity funds.
We don’t feel there is any cause for alarm at this point,
but thought it’s prudent to at least temper your
expectations as you open your September 30th statements.
As always, if you have any questions, please do not hesitate
to call or email.
Thank you for placing your trust in Govan Wealth Management.
Bob
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