Industrial Revolution 2.0 and Globalization 2.0 Are Both Underway The first round of industrial revolutions (coal, gas, nuclear, internet) saw the growing use of machines andcomputers to enhance human productivity. The job markets rebalanced effectively as a result of trainingand education moving humans up the food chain. We enjoyed decades of improved lifestyle due toincreased […]
A year ago, outlooks for US and Canadian equities were cautiously optimistic after a strong 2023, particularly in the US. Caution was indeed needed on several occasions in 2024, but the broad sweep proved to be steadily upwards as major stock indices frequently set new highs on the way to a very good year. Equities […]
Economy contracts on per-person basis Statistics Canada announced that, on a monthly basis, real gross domestic product (GDP) by industry contracted by less than 0.1% in August. This follows weak results for both of the previous two months and left annual growth at a lethargic 1.3%. Perhaps not surprisingly, the public sector experienced a 2.9% […]
After a dramatic campaign, US voters elected Donald Trump on November 5th with a GOP majority in Congress. Investors signaled their enthusiasm for the results with inflows of $141 billion into US equities during November, the highest four-week total on record. Major North American stock indices surged ahead to close November at new highs, with […]
After advancing strongly during the first two weeks of October stocks sold off on the final day of the month on mixed earnings (and spending) reports from big tech, leaving Canadian and U.S. equity indices essentially flat for the period. Bond yields rose in October, reversing the downward trend of the previous five months. Investors […]
Canadian inflation continues to ease, offering a glimmer of relief for consumers and policymakers alike. CPI well within the Bank of Canada’s target band The latest data from Statistics Canada revealed that its consumer price index was unchanged (seasonally adjusted) in September, following a 0.1% advance in August. The monthly slowdown allowed inflation’s annual growth […]
By Alfred Lam, MBA, CFA, Senior Vice-President & Chief Investment Officer of CI GAM | Multi-Asset Management, and Richard Wylie, MA, CFA, Vice-President, Investment Strategy, CI Assante Wealth Management Fed cuts interest rates Following its two-day monetary policy meeting on September 18, the U.S. Federal Reserve (Fed) cut interest rates by 50 basis points (a […]
Stocks and bonds closed higher in an eventful third quarter as falling inflation and interest rate cuts outweighed sudden bursts of volatility in early August and September. Investors scrutinized data for any hints of possible recessions in Canada and the U.S. as unemployment crept up but welcomed an accelerating shift by central banks to lower […]
By Alfred Lam, MBA, CFA, Senior Vice-President & Chief Investment Officer of CI GAM | Multi-Asset Management This month, we asked one of our portfolio management teams, Wellington Management, to provide their insights into the markets and to explain how their portfolio is positioned. Outlook The U.S. equity markets continue to have narrow leadership this […]
Volatility rose, equities fell sharply, and bonds jumped in the first three trading days of August but markets soon stabilized and stocks regained a positive tone throughout the rest of the month. Here’s a summary of the main events that steered the markets. Monthly market developments Catalysts for the stock market sell off included fears […]
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