• Arthur Salzer

The Global Landscape:


Europe Once again the inability of the EU to reach an adequate solution to the Greek problems has destabilized markets. Recent moves by the IMF and Central Banks both in and outside of Europe to inject funds into the European banking system have had a positive impact.

United States Recent upbeat economic numbers – good growth in retail sales and improved employment levels are offering some hope that a new dip into recession is not as likely as some forecasters have been saying.

Canada Slow but adequate growth, low inflation and rising employment numbers show Canada continues to be OK in these diffiEuropeOnce again the inability of the EU to reach an adequate solution to the Greek problems has destabilized markets. Recent moves by the IMF and Central Banks both in and outside of Europe to inject funds into the European banking system have had a positive impact.

Gold

None of the uncertainties that have driven gold to present levels have disappeared.Recent price declines have not broken the uptrend and we expect gold to continue to appreciate.

Oil The recent decline in oil prices is a significant plus for North American economies. However world demand and supply for oil has not changed and prices are likely to rise into $90 plus range in this quarter.

Commodities

While commodity prices in general have been weak we see no reason to change our basic assumptions about demand growth for commodities in emerging economies. We expect prices to stabilize or drift upwards in coming months.cult times. The recent decline in the Canadian dollar versus the US dollar though likely transitory is helping our commodity producers and manufacturers.


3 views

Follow Us:

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Phone: (416) 360-3423

8965 Woodbine Ave

Markham, ON L3R 0J9

Email: info@northlandwealth.com

© 2020 Northland Wealth Management Inc.