Blog

COVID-19 has left economies and companies operating in a state of business as unusual. So, when it comes to the outlook for corporate profits, it’s time to throw out the playbook.

Equity markets have made up much of their lost ground since their March lows as COVID-19 infection and mortality rates have improved in North America and Europe, and as rays of light have started shining into the quarantine tunnel.

Equities have bounced sharply for a number of legitimate reasons, and this is not an unusual phenomenon during major bear market periods of the past 20 years.

The paths of financial markets and economies almost always involve uncertainties—it’s par for the course. But the abundance of uncertainties brought about by COVID-19 is making the science (and art) of economic forecasting unusually difficult.

The Fed is leaving no stone unturned as it seeks to revive the economy’s feeble pulse and keep markets functioning.

In recent weeks, we have seen the USD/CAD rise to highs not seen for over 15 years.

Nearly 10 million U.S. workers filed for unemployment benefits in the past two weeks. Canada’s manufacturing activity slid to 46.1 in March, deep into contraction territory.