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June was a mixed bag for international markets. The TSX gained 1.4%, bolstered by materials and energy stocks. American markets landed on either side of neutral, with the DJI down 0.5% and the NASDAQ up 1.6%. International markets, on the other hand, didn’t fare quite as well, with the EAFE index falling by 4.3%.
With the unfortunate reality that the global economic situation is going to be choppy for the foreseeable future, with talks of tariffs and trade wars keeping Canadian and international investors on edge, we are currently sticking to Canadian companies with predominantly Canadian consumer bases. Financials and energy names continue to top our lists, owing to the rising interest rate environment we expect to see in the coming months, and a recovery for oil and gas prices on the market. In the intervening time, take everything you see on the news with a grain of salt. As always, if you have any questions or concerns about your portfolio or the market, give us a call!