The second quarter of 2025 began with equity indexes plunging on the heels of the April 2 US announcement of sweeping tariffs on almost every trading partner worldwide. Volatility as measured by the Vix index soared and bond yields jumped as fixed income markets also tumbled. The quarter also delivered an array of geopolitical jolts, […]
By Alfred Lam, CFA, Senior Vice-President, and Chief Investment Officer, CI GAM Multi-Asset Management and Richard J. Wylie, MA, CFA, Vice-President, Investment Strategy of CI Assante Wealth Management. Canada–U.S. investment gap widens Domestic investment falls again Updated figures from Statistics Canada revealed that, while the broader economy expanded by 2.2% (annualized) during the first quarter of 2025, […]
North American stock indices rose in May, with the NASDAQ in particular putting in a strong showing on the back of resilient tech companies. Stocks gained on moderate US inflation data and an emerging perception that the Trump administration won’t enact its most severe global tariff threats after the US first announced and then rolled […]
By Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management and Richard J. Wylie, MA, CFA, Vice-President, Investment Strategy of CI Assante Wealth Management. Canadian inflation falls on carbon tax cut Carbon tax break lowers Canada’s inflation rate, for now The latest data from Statistics Canada revealed that its Consumer […]
By Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management and Richard J. Wylie, MA, CFA, Vice-President, Investment Strategy of CI Assante Wealth Management. Canada’s job market remains divided Further Canadian dollar weakness likely Statistics Canada announced that 32,600 jobs were lost during the month of March, the first decline […]
North American stocks plunged at the start of the month after Donald Trump unveiled a far-reaching array of global trade tariffs on April 2 that exceeded any expectations. The yield on the benchmark US 10-year Treasury bond climbed half a percentage point in a week (yields move up as bond prices fall), the largest such […]
In the first quarter of 2025, Donald Trump entered office, Justin Trudeau departed, and Mark Carney became Canada’s 24th Prime Minister and called an election for April 28th. Running in parallel to these political changes were numerous and often unexpected US trade tariff announcements that ultimately unsettled markets. The cumulative effect of Trump’s burst of […]
By Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management What Happened? The April 2 U.S. tariffs announcement was a “known unknown.” While it was expected that President Trump would reveal his plan, the specifics were uncertain. Investors had already braced for some level of damage, with the S&P 500 […]
By Alfred Lam, MBA, CFA, Senior Vice-President & Chief Investment Officer, CI GAM | Multi-Asset Management & Richard J. Wylie, MA, CFA, Vice-President, Investment Strategy, CI Assante Wealth Management Canadian inflation – calm before the storm? Tariffs threaten Canada’s inflation rate. The latest data from Statistics Canada revealed that its consumer price index rose 0.1% (seasonally adjusted) in January. […]
Canadian stocks moved sideways until the final week of February and then fell before recovering some ground on the last day of the month. US shares also advanced, initially, and the S&P 500 Index hit a record high on February 19th. However, indices then turned down and posted losses for the month. In contrast, European […]
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