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Despite signs of a slowing economy, corporate bond issuance kicked off the month at a record pace. We look at how the market has absorbed the new debt and what factors are likely to drive bond performance ahead.
The Bank of Canada lowered its benchmark interest rate to 4.25%, citing continued easing in broad inflationary pressures.
Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.
As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning.
When estate planning, remember to include your personal property and heirlooms
Why you should make a Will and include an up-to-date net-worth statement
While the U.S. president certainly has great influence, the formal and informal checks and balances built into the government’s structure still matter, and investors shouldn’t let election noise get in the way of sound portfolio management.
GenAI will likely have far-ranging repercussions on the economy, sectors, and business functions. We look at the potential impact and explore investment strategies we expect to benefit from the new era.
The 2.5% reading is the lowest since March 2021.