Recent Updates
May FOMC Meeting
As expected, the FOMC has kept the Fed Funds rate at a 23-year high for the sixth straight meeting and announced a slowdown in the pace of balance sheet runoff beginning in June....
Read more2024 Federal Budget
The 2024 budget continues the trend of tax-and-spend policies with a major reform to capital gains taxes, spending programs on housing, health, infrastructure, Indigenous priorities, and defense, and no clear path to a balanced budget in sight....
Read moreUS CPI March 2024 and Bank of Canada April Meeting
A stubborn CPI report continues to erode rate cut expectations by the Fed for 2024 while the Bank of Canada holds rates steady for a sixth consecutive meeting while laying the groundwork for a rate cut in June or July....
Read moreGrowing Divergences
There is growing divergences between the Canadian and US economies with the US economy being surprisingly resilient versus a struggling Canadian economy....
Read moreApril 2024 Market Newsletter
We are entering a period of globally synchronized Quantitative Easing as we expect global rate cuts in the coming months. As such, financial markets have continued their bull run, supported by stronger than anticipated Q4 earnings and the resumption...
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