Inflation keeps on slowing in Canada in July

Inflation keeps on slowing in Canada in July

 August 20, 2024 |Claire Fan and Abbey Xu

The 2.5% reading is the lowest since March 2021.

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PIM Portfolio Update

 August 15, 2024 |Paul Belous, CIM - Senior Portfolio Manager
We have finally seen a pullback which was long overdue. Pullbacks in bull markets are usually fast and furious and a little vicious. The basic reason for this was an unwinding of big hedge fund yen trade. I will not go to deep in the weeds to explain...
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Market Commentary - August

 August 07, 2024 |Paul Belous, CIM - Senior Portfolio Manager
North American markets stayed in a tight range in July, living up to the summer doldrums story. Canadian central banks have done another interest rate cut, and we await a U.S. Federal Reserve (Fed) rate cut, which looks more than likely to be happening...
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Bank of Canada follows up with a second rate cut of 2024

Bank of Canada follows up with a second rate cut of 2024

 July 24, 2024 |Claire Fan

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.

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RBC Canadian Inflation Watch

Slowing inflation in June sets the table for a July rate cut from Bank of Canada

 July 16, 2024 |Claire Fan and Abbey Xu

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.

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Proof point: Rental housing construction picks up in Canada but will it be enough?

Proof point: Rental housing construction picks up in Canada but will it be enough?

 July 03, 2024 |Rachel Battaglia
There hasn’t been this much rental housing under construction in Canada in a generation—which is encouraging news given the acute supply shortages across the country. But even more construction will be needed as rental demand continues to rise rapidly...
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Market Commentary - July

 July 03, 2024 |Paul Belous, CIM - Senior Portfolio Manager
U.S. markets continued their upward direction while Canada was weaker. The seven big companies continued to get much bigger with Nvidia taking the lead as the largest company, growing by almost $1.5 trillion in market value just this year to date. These...
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Gen AI: Is Canada ready?

 June 20, 2024 |Pascal Dessureault

Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. The big question is whether Canadian businesses and public sector organizations will seize the moment.

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Market Commentary - June

 June 05, 2024 |Paul Belous, CIM - Senior Portfolio Manager
May continued its choppy uptrend. Albeit only slightly, the markets in North America squeaked out small gains. Inflation is still hanging around 3% in the U.S., while Canada is a little below this. It could turn out to be a summer of back-and-forth markets...
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Bank of Canada set to make the first interest rate cut of easing cycle

 June 04, 2024 |Nathan Janzen and Claire Fan
Evidence has continued to build that the current high level of interest rates is no longer needed. All ducks appear to be in a row for the Bank of Canada (BoC) to kick-start the policy easing cycle and lower the overnight rate by 25 basis points to 4...
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