Happy Friday from BMWM!

As we head into the weekend, markets have remained volatile, and fears of recession have increased. North American markets will finish the week lower, while the US weekly jobless claims have dropped and Canadian consumers tightened their spending, causing retail sales to lie flat in September. StatsCan reports that consumers have reduced spending on goods as home mortgage payment renewals come due. While the stock markets suffer from this news, bond yields are hitting levels not seen in many years. You can read more about the markets on the PAG Bi-Weekly Update.

The Current Account (click here to read) covers more aid being sent to Israel and Ukraine in order to promote global stability, the backlogs in Canada’s immigration systems, America’s top EV makers slowing down production, and the most recent batch of inductees into Canada’s Sports Hall of Fame.

Taylor’s word of the week is meliorism, meaning “the belief that the world can be made better by human effort”. For example, many individuals find themselves yearning for meliorism with recent events happening around the globe.

Have a lovely weekend,

Brenda, Betina, Taylor, and Matty