Your update

The December labour market data was mixed, but on balance adds to evidence that economic activity remained soft through Q4. Employment was essentially unchanged in December, the softest reading since a 6k decline last July. And the unemployment rate held...

Retail sales ticked up in November in the midst of the holiday shopping period. Even after adjusting for inflation, real retail sales (excluding autos) were tracking an increase relative to October. Clothing stores and gasoline were responsible for the...

As equity investors face continuing challenges, an elevated bond yield environment has changed the equation.

The stock market faces more crosscurrents than usual, while the bond market could deliver strong returns.

While there are select opportunities in Canadian equities, the bond market looks the most attractive in years.

Stagflation risks and a likely general election suggest a volatile environment in 2024.

Japan still stands out as an attractive equity market, and in fixed income we prefer investment-grade corporates.

2024 may be the year when fiscal and structural reform efforts enjoy the greatest impetus.

Most of the drop in Canadian headline CPI growth to 3.1% year over year in October (just a touch above Bank of Canada’s 1% - 3% inflation target range) came from a 4.5% month over month decline in gasoline prices. That decline also pushed year-over-year...