This week is the first of a long spring break for schools in BC, and with that our market watch will resume next week upon the return of the regular authors.
We will begin with an excerpt from the Canaccord Genuity week in review, by global strategist Martin Roberge:
‘North American equities fell this week and keep decoupling with Asian and European equities, which enjoyed another strong week. It feels like market sentiment is shifting from oil prices to the US dollar ebb and flow. Renewed tensions between Greece and the troika have also added a dose of market uncertainty. Despite heightened market volatility, softer-than-expected economic data, and the start of the ECB quantitative easing program, bond yields fell only a fraction. Do bond market participants fear the Fed will remove the word “patient” from its policy statement when it meets next week? Otherwise, four more central banks joined the “easing” parade this week: Thailand (-25bps), South Korea (-25bps), Serbia (-50bps) and Russia (-100bps). So far this year, 24 central banks have cut their policy rates.’
In the meantime, until our in-house authors return, we’ll highlight the Top 10 Spring Break Destination (as voted on twitter):
10. Daytona Beach, FL
9. Las Vegas, NV
8. Austin, TX
7. South Padre Island, TX
6. Cabo San Lucas, Mexico
5. New Orleans, LA
4. Myrtle Beach, SC
3. Cancun, Mexico
2. Panama City, FL
1. Negril, Jamaica
Considering the state of the Canadian dollar, a majority of the above mentioned destinations may not be as desirable to us Canadians. Not to worry, there is plenty to do locally. While we continue to pray for snow, the lack thereof has created some early opportunities to hike. The Stawamus Chief in Squamish is a DHG favourite – it can either be hiked (approx. 1hr up), or you can take the new gondola to the top to enjoy stunning views of the Howe Sound.
If wildlife is what you desire, head to the Vancouver Aquarium, which is open 365 days a year. That being said, a pod of killer whales was spotted in the Burrard Inlet yesterday. Try a bike ride around the seawall, and keep your eyes peeled!
We thank you for your continued trust and as always, we welcome your feedback.
Have a great weekend.
The Dekker Hewett Group