Harris and Trump on the issues

As the U.S. presidential election campaign sprints to November, the policy agendas of Kamala Harris and Donald Trump are taking shape.  In this article we address the key differences that matter most to the economy and stock market.

Four for 2024: Key things to know about U.S. elections 

As presidential elections have become more contentious, perceptions have risen that the stock market’s fate can hang in the balance depending on who wins. We think this gives election outcomes too much weight. This article outlines four principles to keep in mind during this controversial election season.

Canadian Banks - A review of mortgage payment shock

We believe a significant number of mortgages are coming due in the next three years (around 60% of all outstanding mortgages at the Canadian chartered banks) and that payment shock (the increase in payment at renewal) could be significant and represents a tail risk to Canadian banks. Unless there are significant declines in interest rates, we believe that credit losses will inevitably rise, perhaps significantly in 2025 and beyond. This report also explores strong proactive actions by the banks that should help mitigate the shock.