iA Wealth Monthly Market Snapshot
It was an eventful month of July with China and the U.S. restarting trade negotiations and the Federal Reserve lowering U.S. interest rates for the first time in 11 years, resulting in a mixed month for equity markets globally. Canadian stocks were fairly muted, as the S&P/TSX Composite eeked out a 0.1% gain during the month.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
How do we elevate your wealth?
It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.