Canadian equity funds had a solid month as the S&P/TSX composite index broke through the 16,000 mark for the first time
After years of struggling with sluggish growth and high unemployment, Europe is on the mend. The outlook for political stability is also improving, despite Brexit
With the Bank of Canada steering policy based on an improving economy, domestic bond yields are rising. Still, fund managers are watchful for destabilizing events
The biggest losers in the third quarter were fixed-income fund categories
After years of disappointing returns, precious metals funds may hold promise. If other equities slide due to continued failures of U.S. fiscal and foreign policy, gold could shine
Precious metals equity index rebounds after four months of losses
The sector has attractive valuations, but is facing mounting downward pressure due to moderating incomes and tightening credit conditions
Despite a rebound in the resources sectors, Canadian equity funds posted modest losses during the month
Two strategies for international equities
The worst performers for the month were natural resources equity, European equity, and energy equity