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The Smith Falconer Team Smith Falconer Financial Group
April 2018 eUpdate


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333 Bay St.
28th Floor, West Tower
Toronto, Ontario
M5H 2R2

lois.smith@cibc.ca
Tel: 416 594-7967
rodney.falconer@cibc.ca
Tel: 416 956-6248
Toll Free: +1 800 263-3803
Fax: 416 594-7951


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Understanding Market Differences: TSX, S&P and DOW

  

Lately we have fielded many questions about the differences between the performances of the Canadian and U.S. markets. While it seemed that U.S. markets saw record highs in 2017, we had much more muted performance on the TSX.

It might be easy to explain through differences in tax rates, growth rates and the expected difference in interest rates, but there is more to it than that. The page four article "Index Asymmetry? TSX, S&P and DOW" in our Q2 Perspective Newsletter addresses this situation.

Your portfolio should reflect your own circumstances and risk tolerance. Our objective is rooted in preservation and growth of your wealth to meet your future goals. "Chasing indexes" is not recommended.

As always, we are happy to discuss any of this with you.



Very best regards,
CIBC Wood Gundy




Smith Falconer Financial Group

CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.

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