DEC 10 2014 – Dixon Mitchell Monthly Report December

Here is an interesting and timely article by one of our Investment Counsellors, Dixon Mitchell.It mentions an important silver lining to reduced oil prices; global growth! Additionally, the falling dollar helps us here in Canada. At the beginning of 2014, the WTIC Oil price of $94 was roughly the same in Canadian and US dollars as the loonie was at par with the greenback. However, with the Canadian dollar now at 88ยข US, the current WTIC Oil price in Canadian dollars would be almost $78, or a fall of 17% – not 28% as indicated by the fall in Oil prices.

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