2017 Q4 Newsletter December 31, 2017
Key economic metrics in 2017 contributed to the strong performance of equity market and provided guidance for our asset and sector allocation position. The United States has dramatically reduced their unemployment rate in 2017. Canada is likely to follow in 2018. Canada had a 5.9% unemployment rate at the end of 2017 while the US was 4.1%. The US is closing in on full employment and will likely begin to see wage growth. Job creation in North America in 2017 totaled 2.3 million jobs with 1.9 million in the US and 423,000 in Canada.
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