August 3, 2021

On Tuesday, the S&P 500 was up 0.8% and Toronto was up 0.4%.

Couche-Tard was up 2.7%.

There was news today the the Mutual Fund Dealers Association will merge with Investment Dealers regulatory Association. The merger of the regulators will likely have no immediate effect. But longer term it might mean that mutual fund dealers could also acess Exchange Traded Funds – that would be a big change. The trend will likely continue away from trailer fees to charging a fixed percentage of a portfolio – and investors with advisors will not see any big reduction in fees.

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