2017 Q2 Newsletter July 14, 2017
In Q2 2017 the economic indicators started weak and ended strong. Equity markets did not perform well in Q2 showing volatility and unease due to several factors.
After some slowing early in Q2 the North American economy showed strong job growth in May and June. The United States added 581,000 jobs in Q2 while Canada added 103,000 jobs in Q2. The US Federal Reserve raised interest rates a third time by 0.25%. The Bank of Canada signaled a willingness to raise rates in early Q3 by 0.25% the first increase in 7 years.
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