Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

December 18, 2024 |Rachel Battaglia, Robert Hogue and Cynthia Leach
Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...
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The 2024 U.S. Presidential Election: What now? Election aftermath

The 2024 U.S. Presidential Election: What now? Election aftermath

December 16, 2024 |Tasneem Azim-Khan
This is the final report of a four-part series on the 2024 U.S. general election. Part I, Part II and Part III are available for review. It’s been about a month since Donald Trump’s decisive victory in the 2024 U.S. Presidential election concurrent with...
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Bank of Canada cuts by 50 bps, signals more gradual approach to follow

Bank of Canada cuts by 50 bps, signals more gradual approach to follow

December 11, 2024 |Claire Fan
The Bottom Line: As expected, the Bank of Canada (BoC) cut the overnight rate by another 50 bps to 3.25% on Wednesday, right to the top end of the BoC’s “neutral” range estimate (2.25% – 3.25%). Macklem’s opening statement made clear that with interest...
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Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

November 04, 2024 |Robert Hogue
The drastic reduction in immigration targets announced by the federal government is one of the more consequential policy reversals in recent memory. It will sharply reduce growth in housing demand over the coming years, making it possible for Canada to...
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How Canada’s new immigration targets will impact the economy

How Canada’s new immigration targets will impact the economy

October 31, 2024 |Rachel Battaglia
The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and infrastructure capacity—which prompted a massive reversal of the post-pandemic immigration plan set by the federal...
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The 2024 U.S. elections – Part III: Some final thoughts on fiscal spending and the Fed

The 2024 U.S. elections – Part III: Some final thoughts on fiscal spending and the Fed

October 29, 2024 |Counsel Views – Fall 2024
This is the third report of a four-part series on the 2024 U.S. general election. Part I and Part II are available for review In the following update, we look at where the U.S. election race stands today and provide our thoughts on the interplay between...
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BoC accelerates pace of rate cuts

October 23, 2024 |Claire Fan

The level of the overnight rate is still restrictive at 3.75% and the BoC in the press release hinted at future rate cuts will follow to support a return to stronger GDP growth.

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The Last Word: Prophecies, promise and peril: the double-sided “cyber coin” that is AI

The Last Word: Prophecies, promise and peril: the double-sided “cyber coin” that is AI

October 11, 2024 |Counsellor Quarterly – Fall 2024
The rapid and exciting evolution of Artificial Intelligence (AI) will bring with it many tools we can use to improve and enhance our lives. But we must also beware: amongst the many risks that AI presents, it also provides “promise” and opportunity to...
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Living to 100: The longevity challenge and your portfolio

Living to 100: The longevity challenge and your portfolio

October 11, 2024 |Counsellor Quarterly – Fall 2024
With Canadians living increasingly longer lives, we are experiencing new and unfamiliar challenges as we age – from health, to wealth, to well-being – that require thoughtful solutions and planning to overcome. For many of us, longevity is a blessing...
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The President’s Message

The President’s Message

October 11, 2024 |Counsellor Quarterly – Fall 2024
Economies have demonstrated resilience in the face of restrictive monetary conditions and inflation has now cooled sufficiently to prompt central-bank rate cuts. The global economy has managed to continue to grow, reinforcing our view that a recession...
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