“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing” – Jean-Baptiste Colbert

Market Rise Again on Brexit & U.S.-China Trade Optimism

Markets rose to five-month highs to close out the Friday session. Renewed optimism on the U.S.-China trade front, combined with hopes of a successful last-minute Brexit deal vote to take place next week, drove markets upward.

After a rocky 2018, markets have mostly trended upward thus far in 2019. The TSX is now up 12.69%, the Dow Jones Industrial Average is up 10.81%, the S&P 500 is up 12.60%, and the NASDAQ has jumped by 15.89%.

2018 Tax Deadline

The 2018 tax deadline for most Canadians is April 30, 2019. If you or your spouse are self-employed, then your return is due June 15, 2019.

Regardless of when your taxes are due, if you owe money on your return, it is due on April 30, 2019.

Let us know if you have any questions about your tax return.

Our tax checklists are available here.

Weekly Update – By The Numbers

North America

• The TSX closed at 16,140, up 144 points or 0.90% over the past week. YTD the TSX is up 12.69%.
• The DOW closed at 25,849, up 399 points or 1.57% over the past week. YTD the DOW is up 10.81%.
• The S&P 500 closed at 2,823, up 80 points or 2.92% over the past week. YTD the S&P 500 is up 12.60%.
• The NASDAQ closed at 7,689, up 281 points or 3.79% over the past week. YTD the NASDAQ is up 15.89%.
• Gold closed at 1,302, up 5.00 points or 0.23% over the past week. YTD gold is up 1.32%.
• Oil closed at 58.41, up 2.45 points or 4.38% over the past week. YTD oil is up 27.45%.
• The USD/CAD closed at 0.7493, up 0.0036 points or 0.48% over the past week. YTD the USD/CAD is up 2.25%.

Europe/Asia

• The MSCI closed at 2,109, up 58 points or 2.83% over the past week. YTD the MSCI is up 11.88%.
• The Euro Stoxx 50 closed at 3,386, up 102 points or 3.11% over the past week. YTD the Euro Stoxx 50 is up 12.83%.
• The FTSE closed at 7,228, up 124 points or 1.75% over the past week. YTD the FTSE is up 7.43%.
• The CAC closed at 5,405, up 174 points or 3.33% over the past week. YTD the CAC is up 14.25%.
• DAX closed at 11,686, up 228.00 points or 1.99% over the past week. YTD DAX is up 10.67%.
• Nikkei closed at 21,451, up 425.00 points or 2.02% over the past week. YTD Nikkei is up 7.17%.
• The Shanghai closed at 3,022, up 52.0000 points or 1.75% over the past week. YTD the Shanghai is up 21.17%.

Fixed Income

• The 10-Yr Bond Yield closed at 2.59, down -0.0400 points or -1.52% over the past week. YTD the 10-Yr Bond Yield is down -3.72%.

Sources: Dynamic Funds, Globe Advisor

This information is provided for general information purposes only. It does not constitute professional advice. Please contact a professional about your specific needs before taking any action.