{"id":27097,"date":"2022-07-08T11:45:26","date_gmt":"2022-07-08T15:45:26","guid":{"rendered":"https:\/\/www.moneysense.ca\/?p=267168"},"modified":"2022-07-08T11:45:26","modified_gmt":"2022-07-08T15:45:26","slug":"making-sense-of-the-markets-this-week-july-10","status":"publish","type":"post","link":"https:\/\/www.moneysense.ca\/save\/investing\/making-sense-of-the-markets-this-week-july-10\/","title":{"rendered":"Making sense of the markets this week: July 10"},"content":{"rendered":"
<\/div>\n

Pensions are in good shape <\/h2>\n

Need some good news? Rare these days, I know. <\/p>\n

Despite a multitude of factors\u2014including historically high levels of inflation, recession fears and year-to-date asset losses\u2014the funded positions of most defined benefit (DB) pension plans improved during the second quarter of 2022, according to the Mercer Pension Health Pulse (MPHP) study<\/a>. That includes CPP<\/a>, too. <\/p>\n

The MPHP, which tracks the median solvency ratio of the DB pension plans within Mercer\u2019s pension database, increased from 108% as at March 31, 2022, to 109% as at June 30, 2022.<\/p>\n

Beat the TSX portfolio handily beats the John Heinzl portfolio<\/h3>\n

Here is the mid-year review of the Beat The TSX Portfolio<\/em>. Simple rules-based BTSX beats the thinking of experts such as the John Heinzl portfolio, writes Matt Poyner at dividendstrategy.ca<\/a>. <\/p>\n

The high-yield dividend strategy has had a good run in Canada and in the U.S. in 2022. I also track the Beat The TSX Portfolio<\/a> on my blog. <\/p>\n

Bank brokerages remove competition for their savings accounts. <\/h2>\n

A few banks in Canada do not offer high-interest savings (cash) exchange-traded funds (ETFs) at their discount brokerages. The discount brokerages at Royal Bank of Canada (RBC Direct), Bank of Montreal (BMO InvestorLine) and Toronto-Dominion Bank (TD Direct) don\u2019t offer cash ETFs. Why not? Who knows, but I do know these cash ETFs would compete with the banks\u2019 own paltry \u201csavings\u201d accounts that pay next to nothing with respect to interest rates. <\/p>\n

I connected with Mark Noble of Horizons ETFs over email. He says if you\u2019re a TD client, you can call in to access cash ETFs, but you would not be able to purchase them online. <\/p>\n

That\u2019s similar to the TD e-series index funds listed in the Canadian Couch Potato<\/a> series. They are a wonderful option, but good luck getting a TD advisor to help you find them. <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pensions are in good shape  Need some good news? Rare these days, I know.  Despite a multitude of factors\u2014including historically high levels of inflation, recession fears and year-to-date asset losses\u2014the funded positions of most...<\/p>\n","protected":false},"author":1,"featured_media":27100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7,10,11],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27097"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27097"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}