“When you invest, you are buying a day that you don’t have to work” – Aya Laraya

CSA Publishes New Mutual Fund Industry Proposals

 Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals, all aimed at enhanced client protection.

You can read our detailed breakdown here.

Weekly Market Wrap-Up

North America

• The TSX closed at 16450, up 136 points or 0.83% over the past week. YTD the TSX is up 1.49%.
• The DOW closed at 24581, down -510 points or -2.03% over the past week. YTD the DOW is down -0.56%.
• The S&P closed at 2755, down -24 points or -0.86% over the past week. YTD the S&P is up 3.03%.
• The NASDAQ closed at 7693, down -53 points or -0.68% over the past week. YTD the Nasdaq is up 11.44%.
• Gold closed at 1271, down -21.00 points or -0.94% over the past week. YTD gold is down -2.98%.
• Oil closed at 69.28, up 4.85 points or 7.53% over the past week. YTD oil is up 14.66%.
• The USD/CAD closed at 0.75, down -0.0079 points or -1.04% over the past week. YTD the USD/CAD is down -5.70%.
• The MSCI closed at 2106, down -36 points or -1.68% over the past week. YTD the MSCI is up 0.14%.

Europe/Asia

• The Euro Stoxx 50 closed at 3442, down -63 points or -1.80% over the past week. YTD the Euro Stoxx 50 is down -1.77%.
• The FTSE closed at 7682, up 48 points or 0.63% over the past week. YTD the FTSE is down -0.08%.
• The CAC closed at 5387, down -115 points or -2.09% over the past week. YTD the CAC is up 1.39%.
• DAX closed at 12580, down -431.00 points or -3.31% over the past week. YTD DAX is down -2.62%.
• Nikkei closed at 22517, down -335.00 points or -1.47% over the past week. YTD Nikkei is down -1.09%.
• The Shanghai closed at 2890, down -132.0000 points or -4.37% over the past week. YTD the Shanghai is down -12.61%.

Fixed Income

• The 10-Yr Bond Yield closed at 2.9, down -0.0200 points or -0.68% over the past week. YTD the 10-Yr Bond Yield is up 20.83%.

Sources: Mackenzie, Advisor.ca, Dynamic