Fund Library News Wire
| Friday, September 07, 2018
By Mike Keerma
As trade tensions cast a pall over a robust U.S. jobs report for August,
with 201,000 jobs created and a continuing low 3.8% unemployment rate, the
big North American stock indices posted losses on the week. U.S. President
Donald Trump announced an additional US$267 billion in tariffs on Chinese
goods in addition to the US$200 billion previously announced. And the
fractious negotiations between Canada and the U.S. on the North American
Free Trade Agreement continued without resolution through the week.
Declines in the technology sector weighed on the big U.S. gauges, with the
S&P 500 Composite Index
retreating 1% on the week, and the
Nasdaq Composite Index
dropping 2.6%. Canada’s August jobs report showed a decline of 51,600 jobs,
while the unemployment rate edged up to 6%. The gloomy jobs picture
combined with an equally gloomy trade outlook and a 2.8% decline in the
to push Canada’s
S&P/TSX Composite Index
to a 1.1% week-over-week loss. Investors remained disinterested in
gold, however, as a safe haven or for any other reason, as the yellow metal
edged down 0.4% on the week, for an 8.2% year-to-date loss.
* Vanguard lists new dividend ETF.
Vanguard Investments Canada Inc. debuted its
Vanguard FTSE Developed ex North America High Dividend Yield Index
ETF (TSX: VIDY), which tracks FTSE Developed ex North America High
Dividend Yield Index, a broad international equity index that measures the
investment return of common stocks of companies characterized by high
dividend yield, with a focus on those located in developed markets,
excluding North America.
Check Fund Library’s
Market Activity page
regularly for active updates on key market indexes and commodities.
– Follow Fund Library on Twitter for daily
information and updates.
© 2018 by Fund Library. All rights reserved. Reproduction in whole or in
part by any means without prior written permission is prohibited.
The foregoing is for general information purposes only and is the opinion
of the writer. No guarantee of investment performance is made or implied.
It is not intended to provide specific personalized advice including,
without limitation, investment, financial, legal, accounting or tax advice.