The You First Blog

Weekly Update – September 29, 2017

September 29, 2017
Weekly Update
Frank Mueller

“Only when the tide goes out do you discover who’s been swimming naked” – Warren Buffett TSX Hits 4-Month High, Now Positive for the Year The Toronto Stock Exchange’s S&P/TSX composite index gained 16.69 points (0.11%) on the day to close at 15,634.94. The TSX gained 180.71 points this week (1.17%) over last Friday’s close… Read More

Weekly Update – September 22, 2017

September 22, 2017
Weekly Update
Frank Mueller

“The stock market demands conviction; it victimizes the unconvinced” – Peter Lynch TSX Flat to Finish the Week, But Gains 1.25% Overall The Toronto Stock Exchange’s S&P/TSX composite index finished with a drop of 0.69 points on the day, settling at 15,454.23. For the week, the TSX rose by 281.20 points (1.85%), and hit a… Read More

Effective September 5, 2017, the financial industry in Canada and the U.S. has reduced the trade settlement cycle for purchases and redemptions from three business days (“T+3”) to two business days (“T+2”) after the trade date (“T”). This change stems from a global trend in shortening investment settlement dates. Markets in the European Union and… Read More

As we mentioned in our Weekly Update for July 28th 2017, the Office of the Superintendent of Financial Institutions (OSFI) released a set of proposals that would serve to tighten up the conventional mortgage market. The objective of these proposals is to protect would-be home buyers from over-extending themselves during our current low-rate environment against… Read More

Most capital markets around the world registered impressive gains early in the second quarter before moderating in June, reflecting steady global economic growth and supportive business conditions. Unfortunately for Canadian investors, two Bank of Canada rate increases negatively impacted global returns, as the Canadian dollar appreciated relative to global currencies. This has resulted in global… Read More