October 2026 Market Commentary
The October 2026 edition of The Playbook examines the U.S. Federal Reserve’s shift toward higher interest rates and the implications for Canadian monetary policy and the dollar. Alfred Lam and Richard J. Wylie also discuss elevated Canadian inflation, including the influence of energy and food prices.
In their longer-term outlook, the authors consider resilient corporate earnings and the potential for artificial intelligence to support productivity and economic growth. They also discuss uncertainty around AI adoption and the challenges that higher bond yields and government borrowing could create for markets.
To read the full commentary, download the PDF below.