Last updated: Jul-20-2018

7/23/2018 9:51:13 AM
Recent articles
By Fund Library News Wire | Friday, November 03, 2017

* Apple drives U.S. market gains, oil boosts Canada benchmark.
* Horizons launches AI-powered ETF.
* Fidelity debuts innovation-focused fund.

* Apple drives U.S. market gains, oil boosts Canada benchmark.
The major North American stock indices logged another week of gains, with Canada’s benchmark S&P/TSX Composite Index advancing 0.4% on the week, boosted by a 3.2% jump in the price of crude oil, settling near a two-year high of US$55.71 per barrel on Friday. U.S. stock indices basked in the halo effect of estimate-beating quarterly earnings from current market monster Apple Inc. (NASDAQ: AAPL), which surged 2.6% on Friday, nearing a market capitalization of US$900 billion. The S&P 500 Composite Index gained 0.3% on the week, while the Nasdaq Composite Index rose 1%, for a 26% advance in the year to date. Sentiment was further boosted by the U.S. October payroll report, which showed 261,000 new jobs added in the month, and a dip in the unemployment rate, to 4.1% from 4.2% in September. And the appointment of Jerome Powell as the new chairman of the Federal Reserve to replace Janet Yellen at least came as no surprise.


By Fund Library News Wire | Friday, September 15, 2017

By Mike Keerma

* S&P 500 hits another record high, crosses 2,500
* TD launches two new equity funds with North American focus.
* Invesco introduces two new income-focused ETFs.

* S&P 500 hits new record high, crosses 2,500.
The U.S. blue-chip benchmark S&P 500 Composite Index closed at a record high on Friday, crossing the psychologically significant 2,500 threshold for the first time ever. The index advanced 1.6% on the week. The run was spurred on by gains the technology sector, led by semiconductor stocks and boosted by an advance in smartphone maker Apple Inc. (NASDAQ: AAPL), which saw its share price rise after introducing its new iPhones last Tuesday. The Nasdaq Composite Index, which has a heavy tech-sector weighting, gained 1.4% on the week, and is now ahead nearly 20% year to date. Toronto’s S&P/TSX Composite Index rose 1.3% on the week, as the price of crude oil surged 4.8% from the previous week’s close. Gold, meanwhile, gave back some of its previous gains, dropping 2.0% over the week, as investors shrugged off another missile test by North Korea.


By Fund Library News Wire | Friday, September 08, 2017

By Mike Keerma

North American stock markets posted losses on a shortened trading week, as investors dampened their appetite for risk against a backdrop of continuing geopolitical tension over a potential North Korean missile test and the effects of Hurricane Irma on Florida this weekend. The S&P 500 Composite Index logged a loss of 0.6% on the week, while the Nasdaq Composite Index pulled back 1.2%. Toronto’s benchmark S&P/TSX Composite Index retreated 1.4% on the week against a backdrop of a Bank of Canada rate hike and a decline in the price of crude oil. Gold, meanwhile, rose 1.5% on the week, and is now up 17.4% since the beginning of the year. The Canadian dollar finished the week higher, at US$0.822.


By John Krisko | Tuesday, August 29, 2017


The S&P 500 Composite Index dropped 2% from its all-time high during the week of Aug. 7, primarily on concerns surrounding North Korea. It briefly recovered before declining again to finish the following week down 2.5% from its high. Geopolitical rhetoric aside, a pullback of this size represents normal and healthy consolidation for the market. Nevertheless, the assertion, which is seemingly prevalent during every pause in upward momentum, is made that this marks a turning point for U.S. equities, as the positive trend that began in 2009 comes to an end. But is it really?


By Gordon Pape | Monday, August 28, 2017


The world is changing at a rate that most of us cannot comprehend. It’s been called the Fourth Industrial Revolution. and like those that have gone before, it is ushering in new technologies, creating new forms of wealth, and costing some people their jobs.


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