June Highlights

 June Highlights: where are we now

• Canada is cooling off: Inflation in Canada slowed in April and May. Canada’s central bank cut interest rates for the first time in 4 years in June. Canada’s economic dynamics are unique and thus we will follow a path that is not always directly correlated with other countries.

• Tech Sector Still Rolling: The U.S. S&P 500 and Nasdaq indexes hit new records, and the U.S. Dow market index finally broke 40,000! Thanks to companies like Nvidia, which has recently seen strong performance during the current AI boom.

• The U.S. is showing interest rate patience: The U.S. Federal Reserve is playing it cool, wanting to see more progress on inflation before cutting rates. It's like waiting for the perfect moment to flip pancakes – timing is everything.

While markets are buzzing along it’s great to feel rewarded as investors. The long-term market dynamics remain the same. While historical market charts always show long term gains, those results are the sum total of hundreds of positive and negative short term cycles. Success over time is about continuing to invest at all times and staying the course regardless of short-term market directions.

Technology Myths Debunked

With all of this Artificial Intelligence attention conversation a common fear is the loss of jobs as this technology evolves? History shows however that there has never been a new technology that reduced overall employment. In the past, new technologies have simply and expanded occupations into new occupational roles and directions.