Balanced Fund Commentary – Q2 2019

Market Commentary

Financial markets posted strong returns in the second quarter of 2019. Bond prices rose because interest rates declined in response to a weaker economic outlook. Stocks rose for a couple of reasons:

  1. Companies can borrow money at a low cost to buy back their own stock (driving the price higher)
  2. Stock dividend yields now look attractive relative to bond yields

The Canadian economy reported stronger than expected economic data in the second quarter. The Canadian dollar increased 2.2{a4bc595f5bf22b450fc57725bbb5a349cea6d8af0e21f99fc8d20f6b7000a772} versus the US dollar. The US/China trade dispute was overshadowed by central banks communicating their plan to “cut” short term interest rates.   

Key Benchmarks

Fund Details

Fund Returns