“The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling ‘Swing, you bum!’” – Warren Buffett Weekly Update – By The Numbers North America The TSX closed at 16,324, down… Read More
The Smof Investment Blog
“About the time we can make the ends meet, somebody moves the ends” – Herbert Hoover Anthony’s Financial Brief – 2018 Mid-Year Review Following a particularly volatile start to the year in the first quarter, many global equity markets delivered somewhat steadier returns in the second quarter. The MSCI World Index finished the period with… Read More
“A strong economy begins with a strong, well-educated workforce” – Bill Owens WEEKLY MARKET WRAP-UP – BY THE NUMBERS North America The TSX closed at 16436, down -125 points or -0.75% over the past week. YTD the TSX is up 1.40%. The DOW closed at 25058, up 39 points or 0.16% over the past week.YTD… Read More
“Someone’s sitting in the shade today because someone planted a tree a long time ago” – Warren Buffett Bank of Canada Raises Overnight Rate to 1.50 Per Cent The Bank of Canada, as widely expected, hiked its benchmark interest rate on Wednesday. The rate now sits at 1.50 per cent. Two key growth engines –… Read More
“When you invest, you are buying a day that you don’t have to work” – Aya Laraya CSA Publishes New Mutual Fund Industry Proposals Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals, all aimed at enhanced client protection. You can read our… Read More
This week, the Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals: Prohibiting Deferred Sales Charge and Low Service Charge Loads Once a staple of the mutual fund industry, many advisors have begun to move away from DSC and LSC, as investment flexibility… Read More