Insights

Despite numerous threats, the U.S. government has undertaken one definitive action so far: an additional 10% tax on Chinese imports. Nevertheless, the risk of new tariffs remains.

Stock markets closed out a strong 2024 on a muted note as investors began to recalibrate their expectations for future interest rate cuts by the U.S. Federal Reserve.

A continued decline in inflationary pressures, combined with ongoing signs of a cooling Canadian economy, prompted the Bank of Canada to cut interest rates on December 11th for the fifth consecutive time.

Global equities have been directionless over the past few weeks. One notable economic development was the Canadian inflation report for May, which contained higher-than-expected numbers for the first time this year.