For our clients who enjoy a global view of economic trends, we take a deep dive into the current financial conditions with our partners at National Bank Financial to determine world economics is turning a corner. Various economic indicators most notably strong U.S. and Canadian ‘Job numbers’ in March 2017 beat expectations on both sides of the border. The robust employment statistics endorse the forward looking equity markets with the Dow Jones Industrial Average (DJIA)* clinching a historic benchmark of 20,000 in late January 2017 only to quickly test 21,000 on March 1st, 2017. Many investors are asking what does this mean?
“After a disappointing 2016, the global economy seems to have turned the corner. A resurgence in economic activity in the advanced world, led by the U.S., is being complemented by an apparent rebound in China which is lifting emerging markets. That said, major uncertainties threaten to derail global growth including increased trade protectionism, elevated debt levels and political instability in places such as Europe.”
Enjoy the detailed discussion of current financial conditions in the “Monthly Economic Monitor” including the rebound of the Canadian Energy sector from our partners at National Bank Financial Markets, A division of National Bank of Canada.
*The DJIA is an equity index that is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA was invented by Charles Dow back in 1896. It includes Apple to Walmart today.