Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

 December 18, 2024 |Rachel Battaglia, Robert Hogue and Cynthia Leach
Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...
Read more

Market Commentary - December

 December 17, 2024 |Paul Belous, CIM - Senior Portfolio Manager
With the U.S. election behind us it has removed some uncertainty. The new administration coming in looks to be more pro-business for U.S. companies including the desire to reduce regulations. This is a positive however, some potential drawbacks would...
Read more

PIM Portfolio Update

 December 16, 2024 |Paul Belous, CIM - Senior Portfolio Manager
With 2024 coming to a close we will likely see these strong markets continue until year end. A lot of talk on how overstretched the market is and I agree in certain areas it does feel a little over extended and definitely not cheap. With the U.S. election...
Read more
Bank of Canada cuts by 50 bps, signals more gradual approach to follow

Bank of Canada cuts by 50 bps, signals more gradual approach to follow

 December 11, 2024 |Claire Fan
The Bottom Line: As expected, the Bank of Canada (BoC) cut the overnight rate by another 50 bps to 3.25% on Wednesday, right to the top end of the BoC’s “neutral” range estimate (2.25% – 3.25%). Macklem’s opening statement made clear that with interest...
Read more

PIM Portfolio Update

 November 12, 2024 |Paul Belous, CIM - Senior Portfolio Manager
Now that we have the election behind us and for the most part it looks to be a Republican sweep, the markets have seemed to like the outcome. This takes a good amount of uncertainty out of the market and hence the bounce and now we can see where the future...
Read more
Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

 November 04, 2024 |Robert Hogue
The drastic reduction in immigration targets announced by the federal government is one of the more consequential policy reversals in recent memory. It will sharply reduce growth in housing demand over the coming years, making it possible for Canada to...
Read more

Market Commentary - November

 November 04, 2024 |Paul Belous, CIM - Senior Portfolio Manager
October continued with warm temperatures and fairly good markets that seemed to be in a range awaiting earnings and the outcome of a U.S. presidential election. October is usually a scary month, but this year was a nice relief with it being a little dull...
Read more
How Canada’s new immigration targets will impact the economy

How Canada’s new immigration targets will impact the economy

 October 31, 2024 |Rachel Battaglia
The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and infrastructure capacity—which prompted a massive reversal of the post-pandemic immigration plan set by the federal...
Read more

BoC accelerates pace of rate cuts

 October 23, 2024 |Claire Fan

The level of the overnight rate is still restrictive at 3.75% and the BoC in the press release hinted at future rate cuts will follow to support a return to stronger GDP growth.

Read more
New listings shoot higher in most major markets

New listings shoot higher in most major markets

 October 07, 2024 |Rachel Battaglia

The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.

Read more
Next