The Fog is Starting to Clear
Questions about the direction of the economy, path of interest rates, impact of technological advances, political leadership, government policy, international relations and trade, and consumer confidence have converged recently and driven market volatility higher. While capital markets and uncertainty will always be constant companions, we are optimistic that some of the fog should start to […]
The Interest Rate Cut Mirage
The Interest Rate Cut Mirage
For many months now, the prospect of lower interest rates has been shimmering like a mirage on the economic highway. And as mirages work, the closer we get to an interest rate inflection point, the timeline gets pushed further into the future. The seeming inability of high interest rates to crush inflation and slow the […]
Canadian Federal Budget – Capital Gains Inclusion Rate
It’s a Marathon Not a Sprint
As 2023 dawned, the consensus of economist forecasts pointed to an elevated risk of recession sometime during the year. After all, central bank interest rates had risen dramatically from virtually zero in early 2022 to 4.25% in Canada and 4.5% in the U.S. by the end of 2022. Consumer price inflation peaked in June 2022 […]
Banking System Stabilizing; Interest Rate Peak is Here
Goodbye Inflation! Hello Recession?
Goodbye Inflation!…Hello Recession?
The pandemic-induced chaos that started in 2020 continues to impact the global economy, albeit the ripples are getting smaller. With the worst of the healthcare crisis behind us, 2022 witnessed a broad economic reopening where the mismatch in supply and demand triggered generationally high inflation. Central banks worldwide responded with an unprecedented wave of […]