Things are chugging along as the year wraps up and what a year it has been for the equities market. Some of the largest companies have seen record gains for the year and outlook is just as great.
On the central bank front, it appears that the US Fed is on hold for now after multiple rate cuts in 2019. The lower rates coupled with increased liquidity has given an extra boost to the stocks. On this side of the border, the Bank of Canada held steady hinting at rate cuts coming early next year. I just might hold onto my Canadian bond funds longer since the Canadian rates are going nowhere but down from here.Continue reading