Travelling with grandchildren – Regina
The Canadian market continues an anemic year with the YTD TSX still negative. My Canadian portfolio is still outperforming the TSX with a three quarter point gain for the month and over 3 1/2 % gain on the year.
The US markets hit record levels again with YTD exceeding 10%. Although my US portfolio has been lagging (see commentary below), it outperformed the markets considerably in July narrowing the gap for the year.
The US dollar keeps dropping relative to the Canadian dollar, erasing much of my gains due to foreign exchange and my heavy exposure to US securities. See commentary below.