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Bloom Investment Counsel, Inc. Q2/24 Investment Market Commentary

Despite a cut in interest rates during the last quarter, the S&P/TSX Composite Index remained under pressure. While growth has struggled in Canada, it is believed that the projected interest rate cuts will lead to a positive change in the remainder of the year.

During the quarter and year-to-date, our clients have seen a positive return on their investments outperforming both the S&P/TSX Composite Index and the S&P/TSX High Dividend Composite Index.

To gain further insight into M. Paul Bloom’s, CIO at Bloom Investment Counsel Q2/24 review, and his thoughts on the investment markets for the second half of the year, watch the Investment Market Commentary video above.

If you are a high-net-worth individual, family office, foundation, corporation, institution, or trust and would like to receive a copy of our detailed Q2/24 review and outlook, please subscribe to our quarterly investment overviews here.

Some of the topics that are discussed in this video may contain forward-looking statements. This information, by its nature, is subject to risks and uncertainties that may cause actual events or results to differ materially from such forward-looking statements. Further, please note the date of the recording, as July 5, 2024, as some of the comments are time-sensitive.

Follow Bloom Investment Counsel, Inc. on LinkedIn to stay up to date on our most recent market commentary.

This video is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her financial partner or advisor.

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