Blog

October saw markets react negatively to uncertainty on 2 fronts: Pandemic Second Wave and the US Election. The prospect of possible split congress and Biden win has led to a market surge this past week. We highlight these topics and more this month.

While 77 percent of Canadians believe they are knowledgeable on cyber security, only 16 percent could identify the majority of cyber terms correctly.

There were some welcome developments this week, on top of the surprise heat that made it feel more like July than May! The banks reported, uneven market rally begins to smooth out, spotlight on US equities, CRA deadlines and the Canadian Screen Award

Topics this week: Our Thoughts, New episodes in RBC podcast series “10 Minute Take”, Resource - How Can I Get Help? A guide to financial support measures for Canadians, Long read - Global Portfolio Advisory Committee Market Update, Distraction conten

RBC hosts a podcast discussion with Jim Allworth, RBC Dominion Securities Investment Strategies - a useful reflection on the unfolding COVID-19 outbreak and market uncertainty right now. He discusses investor confidence and the outlook from here.

A more business-friendly Fall Economic Statement, but persistent deficits a concern. After receiving criticism for scant mention of competitiveness in Budget 2018, Finance Minister Morneau promised in March that the issue would be “Job 1”.