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China’s economy is struggling. A coordinated stimulus to curb the crippling housing crisis and support local governments is being announced. We explore the measures undertaken and contemplated and their potential implications for portfolios.
The Bank of Canada lowered its benchmark interest rate by half a percentage point in October, to 3.75%.
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.
We hope that you had a nice summer and are doing well with the change in weather and transition into Fall. We’ve provided some Year-End Tax Planning thoughts and a Market Update below.
The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.
The Fed has finally aggressively lowered interest rates. While a steeper yield curve reflects the market’s optimism that rate cuts will shore up the economic outlook, further steepness could be a sign the Fed will cut rates deeply, likely due to a re
Canada is back at 2% inflation, but it’s too soon to pop the champagne. What’s driving prices now looks very different from before the pandemic.
After a first interest rate cut in June, the Bank of Canada (BoC) again lowered its key overnight rate by 25 basis points at its meeting Wednesday, to 4.5%. The move was in line with market and our own expectations ahead of the announcement.
We hope that the first few weeks of summer have been enjoyable for you. We’ve included some information below on Financial Fraud and Scams along with a Market Update.
The latest Business Outlook Survey largely confirmed further normalizing in a few key areas that the central bank has deemed critical to future inflation trends.
