Canada’s employment report showed a loss of 62.6 thousand jobs in December, which ended a seven-month streak of net job gains and was significantly above expectations that 37.5 thousand jobs would be shed. Not unlike the US…
The Canadian TSX/Venture exchange is one of the rare markets in the world trading near all-time lows. Its heavy exposure to commodities and small-cap stocks have been a major handicap this cycle, but now that a rotation out of…
On Monday, the Canadian government unveiled its spending plan, which is valued at up to C$100 billion over three years. The proposed budget will increase the 2020-2021 deficit to C$381.6 billion from the C$343 billion projected…
Yesterday, the Bank of Canada announced that it would decrease its amount of weekly bond purchases from a floor of C$5 billion to C$4billion. Rightfully, the market did not interpret this adjustment as a firming of monetary…
Highlights Global Duration: US Treasury yields have started to creep higher and the move is likely to continue in the coming months regardless of who wins the White House. Reduce overall global duration exposure to below-benchmark,…
The Bank of Canada’s Autumn Business Outlook Survey was released earlier this week. While the headline conclusion was that business sentiment remains weak, firms’ investment intentions imply a positive surprise to…
We noted in a late-September insight that another wave of COVID-19 had begun, but that this wave was less deadly than before. We highlighted that the incremental mortality rate, defined as fatalities over the past 30 days as a…
Recent headlines related to the Canadian housing market have been upbeat. Last month, the Canadian Real Estate Association (CREA) reported a 6.2% month-over-month increase in August national home sales, a 33.5% year-over-year…