May 2023 - Monthly Update
Kaitlyn Richardson - May 01, 2023
Hope this note finds you well heading into the weekend.
April was another good month for your portfolio and builds on the general trend of recovery and growth of the last six months.
We're getting back to a more normal level of baseline uncertainty. This is happening in part, as we move further away from the big changes in 2022 that North America experienced around inflation, interest rates and supply chain.
Investment markets for currencies, bonds, and stocks continue to stabilize. Issues around supply chain have largely been solved leading to more consistent and stable access to goods and services. Price stability breeds confidence and translates into continued economic activity.
The businesses that we own are extremely well run, profitable and central to the economy while providing something tangible that creates a true economic value.
The job market is healthy and corporations continue to invest in people and technology to remain profitable and relevant into the future. Executives are confirming their respective businesses are in great shape by raising guidance of what we should expect going forward. While we do not anticipate the years ahead to produce an economic boom, the present conditions do not reflect an economic bust either.
Tighter economic conditions and higher than normal overnight interest rates, have slowed down the pace of economic expansion to bring inflation under control and back in line with the long term 2% target. Later this year economic conditions will moderate and become less tight as the North American economy shifts back into a normal cycle of economic expansion.
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:
The Loonie was unchanged versus the U.S. dollar at:
Ian, Gab, Kaitlyn & Nataliia