In a volatile market - stay the course
Opinions as of February 6, 2018
Solid economic growth, improving corporate earnings and stable inflation propelled markets to a succession of record highs in 2017 and into this year. But all this seemed to change when a wave of selling washed through markets worldwide.
Q4 2017 | Market Update
Opinions as of January 5, 2018
Equities in most developed and emerging markets surged higher in 2017. Can it continue? With low interest rates and solid economic growth, we expect markets to rally into the opening months of 2018.
Q3 2017 | Market Update
Opinions as of October 2, 2017
The S&P 500 has been on a record-setting rally. Can it continue without U.S. President Donald Trump’s promised economic stimulus package? We think it may if U.S. job growth and consumer confidence stays strong. And if it does happen, Trump’s plan might trigger added growth.
Q2 2017 | Market Update
Opinions as of June 30, 2017
In Canada, markets had to absorb the Bank of Canada’s decision to raise interest rates by 0.25%. And in the U.S., controversy surrounding President Donald Trump increased, raising doubts about his ability to deliver steep tax cuts and a massive economic stimulus program. So far U.S. equity markets have shrugged off the delay, but for how long?
Q1 2017 | Market Update
Opinions as of April 3, 2017
Equity markets have embraced U.S. President Donald Trump’s plan to cut taxes and launch a massive economic stimulus program. But how will markets react if he fails to deliver on his pro-growth agenda?
Q4 2016 | Market update
January 9, 2017
In Q4, markets rallied in the wake of Donald Trump’s presidential victory and oil prices jumped after OPEC cut production. What does this mean for markets early in 2017?
Trump and the Fed – will rates head higher?
December 16, 2016
Will President-elect Donald Trump’s economic plan open the door to rising interest rates? Chief Investment Officer Sadiq Adatia discusses Trump, interest rates and the U.S. economy.
TRUMP WINS – WHAT HAPPENS NOW?
November 9, 2016
How will markets react to President-elect Donald Trump’s victory? Chief Investment Officer Sadiq S. Adatia takes a look at the road ahead.
Q3 2016 | Market update
October 7, 2016
Equity markets climbed higher in Q3. But fallout from the Brexit vote, and uncertainty surrounding the U.S. election could roil markets in the months ahead.
Q2 2016 | Market update
July 20, 2016
Once again when adversity hit world markets, Canada stood out. While our economy may not be what it once was, our safe-haven assets like precious metals have helped us stay on top of world markets.
Flash market update
June 24, 2016
After nearly three years of increasingly contentious debate, the British public voted to withdraw from the European Union today – sending financial markets into a tailspin and raising uncertainty about the EU’s future.
Q1 2016 | Market Update
April 4, 2016
Overall, we feel less optimistic and continue to feel that further upside in most equity and bond markets may be limited. Asset allocation continues to be the key this year given the strong divergence in policies and economies. We are taking a conservative approach and happily wait for opportunities.
It was the worst of times, it was the best of times...
February 25, 2016
We weren’t very far into January when the headlines started to crop up – something along the lines of... "Worst. Year. Ever." But if you think getting off on the wrong foot means a faceplant will inevitably follow, think again. Markets can be fickle when it comes to the follow-up performance to a negative January – but there's clearly a bright side.
Bank of Canada holds policy rate, cuts growth outlook
January 20, 2016
The Bank of Canada has decided the country’s faltering economy doesn’t need another boost from even lower interest rates... at least for now.
Q4 2015 | Market Update
January 4, 2016
Overall, we feel that volatility will be more predominant in 2016 and that further upside in most equity and bond markets may be limited. This will be a year when thoughtful asset allocation will be vital, as there will likely be more divergence among markets. We continue to take a conservative approach and will happily wait for opportunities.
U.S. Fed finally off the couch – now what?
December 16, 2015
We have liftoff. After holding its benchmark policy rate at essentially zero for the past seven years, the U.S. Federal Reserve has finally made a move. The rate is now a quarter of a point higher, at 0.50%.
Q3 2015 | Market update
October 19, 2015
As we head into the last quarter of 2015 we do not see the market jitters going away and we expect volatility to remain. We will take a conservative approach until the dust settles, but our expectation is that we’ll be looking to increase our equity exposure at that time.
Pain is only temporary
August 31, 2015
Global stock markets have seen some wild swings in the past few days, certain to make investors anxious. But those who keep their heads and stick to their investment strategy will recognize this kind of short-term uncertainty for its potential to create long-term opportunity.
Q2 2015 | Market Update
July 22, 2015
After a strong first quarter in Canadian stocks, weaker economic data started to take its toll on the equity market. We still feel good about the U.S. economy but we see the risk/reward ratio tilting more toward “risk.” Overall, we feel that higher volatility is here to stay and further upside in most equity and bond markets may be limited.
Flash market update
July 15, 2015
The Bank of Canada has just boosted the coverage of the "insurance policy" it took out to protect the economy from the effects of low oil prices. This time however, the central bank is pointing a finger at more factors.
Flash market update
July 9, 2015
China's equity markets are in a tailspin. We expect to see more downside in the short term, but from a longer-term perspective, we continue to believe there is value in emerging markets.
Flash market update
July 6, 2015
The people of Greece were asked in a referendum Sunday whether the government should accept a bailout proposal from creditors that was put forward in late June. Fully 61% said no. We've been defensive on international equity markets for many months precisely because of the uncertainty surrounding a potential "Grexit."