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 unemployment underreported Canadian unemployment rate near recessionary levels Statistics Canada announced that 90,900 jobs were gained during the month of December 2024, adding to the […]
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% […]
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 […]
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 […]
By Alfred Lam, MBA, CFA, Senior Vice-President & Chief Investment Officer of CI GAM | Multi-Asset Management, and Richard J. Wylie, MA, CFA, Vice-President, Investment Strategy of CI Assante Wealth Management Canadian standard of living falls further Economy contracts on a per-person basis Statistics Canada announced that, on a monthly basis, real gross domestic product […]
Bank of Canada cuts first Market participants look for more The Bank of Canada announced that it was lowering administered interest rates by 25 basis points (a basis point is 1/100th of one per cent) at the conclusion of its June 5 monetary policy meeting. As can be seen in the accompanying chart, the Bank […]
By Alfred Lam, MBA, CFA, and Richard J. Wylie, MA, CFA. Market participants look for more The Bank of Canada announced that it was lowering administered interest rates by 25 basis points (a basis point is 1/100th of one per cent) at the conclusion of its June 5 monetary policy meeting. As can be seen in […]
Private Markets: First Credit, then Equity By Geofrey Marshall, Senior Vice-President, and Portfolio Manager Fixed Income and Lead, CI Global Asset Management. In terms of performance, private market assets generally had a better absolute year in 2023 but a weaker relative year compared to 2022. In that year, most parts of the private markets outperformed […]
By Alfred Lam, CFA, Senior Vice-President, and Co-Head of Multi Asset, CI Global Asset Management. The Tip of the AI Iceberg If you wake up tomorrow morning believing the world is about the same as today, you are probably missing something. We are seeing dramatic changes led by technological advancements, and the latest is artificial […]
