Highlights from the Ontario Budget Minister of Finance Peter Bethlenfalvy tabled the 2024/25 Ontario provincial budget on March 26, 2024. Ontario continues to face economic challenges and elevated uncertainty. The outcomes of persistently high interest rates and inflation continue to be unclear. Ontario’s economy, however, has demonstrated continued resiliency in light of ongoing economic pressures. […]
Market Focus Canada’s standard of living continues to decline. Canada’s economic output was soft in 2023. Statistics Canada announced that, on a monthly basis, real gross domestic product (GDP) by industry expanded by 0.2% in November, following “flat” results in each of the previous three months. In addition, in this report the statistics agency provided revisions […]
The good start to 2024 continued for investors in February as equities had another positive month and Q4 2023 earnings season has been strong. Read the February 2024 Market Commentary here. Here’s a summary of the main events that steered the markets. Monthly market developments Despite dipping mid-month on a higher than hoped January U.S. […]
By our sub-advisors, Munro Partners They manage both a U.S. equity mandate and a global mandate for our program. They are based in Australia and are known as growth investors. The sun is shining again We understand it’s difficult to be optimistic when global economies are slowing, geopolitics are continuously challenging, and many are struggling […]
After the holiday season rally, the forecast was for a performance hangover in January, but it ended up being “steady as she goes” for investors. Here’s a summary of the main events that steered the markets. Monthly market developments Despite dipping at the end January after the Fed signaled rate cuts aren’t imminent, U.S., Canadian […]
Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management Our 2024 Wish List As we enter a new year, we consider the following a “wish list”: lower inflation, lower interest rates, higher investment value and, last but not least, peace! As inflation continues to decline, central banks have signaled their […]
The beginning and the end of 2023 were like night and day for investors. The year started with trepidation after a turbulent 2022, but ended with optimism as inflation eased and equities posted handsome returns. Equities and bonds This was a comeback year as U.S., Canadian and global equities achieved double-digit gains. U.S. stocks in […]
Capital markets bounced back in November, solidifying the status of 2023 as a comeback year. Read the November 2023 Market Commentary here. Here’s a summary of the main events that steered the markets: Monthly market developments Equities posted strong monthly gains driven by investor optimism that central banks might be finished with rate hikes. The […]
By: Alfred Lam, MBA, CFA, Senior Vice-President, Co-Head of Multi-Asset Vice-President, Investment Strategy CI GAM Portfolio Management and; Richard J. Wylie, MA, CFA, Vice-President, Investment StrategyCI GAM Portfolio Management CI Assante Wealth Management What will happen to interest rates in 2024? Bank of Canada extends “pause” As can be seen in the graph above, the […]
In October, financial markets were fragile as investors reacted cautiously to geopolitical tensions in the Middle East. Read the October 2023 Market Commentary here. Here’s a summary of the main events that steered the markets: Monthly market developments Despite a final day rally driven by tech stocks and corporate earnings, equity markets declined in October […]
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