Hope this note finds you well as we approach spring and get set to turn our clocks forward.
March was a steady and positive month for your investment portfolio. Investment markets continued to build on the trend of recovery and growth.
The headlines were dominated by talk of a banking crisis in America. What we have observed is the orderly unwind of two regional institutions that made bad decisions about how they ran their business and are no longer in business as a result. This was a non-event for the value of your portfolio.
With these headlines grabbing all the attention, other economic news could have gone unnoticed: the rate of inflation is moderating, the job market remains strong, overnight interest rates have peaked in Canada, and the pace of economic growth in North America continues.
Looking ahead, the next quarter of corporate earnings is underway and the results have been better than expected.
Your investment portfolio remains in a strong and stable position.
The view from Brian Belski, BMO's Chief Investment Strategist:
Stocks in your portfolio that made a new 52 week high this past month:
Stocks in your portfolio that made a new 52 week low this past month:
Accenture*, Bristol-Myers*, Johnson & Johnson, TD Bank*
The Loonie gained one cent versus the U.S. dollar to: