Golf Tournament – Aug 10/2023
What a great day on August 10, 2023 supporting the Hamilton Police Association! Thank you Jaimi Bannon, President
July 2023 market update – Mortgage costs continue to drive inflation
Introduction Global equity markets moved higher over the month of July. Investor sentiment was largely positive as economic data pointed to the strong likelihood of the global economy avoiding a recession this year. Still, returns were muted as global central banks lifted rates and economic data was largely unimpressive. The [...]
June 2023 market update – Canada sees first decline in job numbers since August 2022
Introduction Global equity markets advanced over the month of June. Global equities got a boost at the beginning of the month when U.S. lawmakers agreed to extend the U.S. debt ceiling, which alleviated investors’ concerns about a U.S. default. Central banks such as the Bank of Canada (“BoC”), European Central [...]
May 2023 market update – Inflation ticks higher in Canada
Introduction Global equity markets finished slightly lower in May. Investors treaded cautiously amid uncertainty about an agreement on the U.S. debt ceiling, while inflationary pressures persisted, raising expectations central banks might be forced to keep hiking interest rates. The U.S. Federal Reserve Board (“Fed”), European Central Bank (“ECB”) and Bank [...]
April 2023 market update – Canadians are feeling the squeeze of higher rates
Introduction Global equity markets were relatively volatile over April but finished the month higher. Sentiment swung as investors speculated about the size of the next interest rate hikes by the U.S. Federal Reserve Board (“Fed”) and other central banks based on incoming economic data. Toward the end of the month, [...]
Day of Learning with Capintel, Fidelity and BMO
We were happy to have a day of learning with presentations from Capintel, Fidelity and BMO participating in our quarterly offsite meeting on April 5th. Thank you to all presenters for making it a super educational day!
March 2023 market update – Bank of Canada hits pause while the U.S. Fed continues hikes
Introduction Global equity markets advanced over March 2023 but experienced periods of volatility. Investor confidence was frayed after the failures of Silicon Valley Bank (“SVB”) and Credit Suisse Group AG. In response, equity markets fell as concerns about contagion mounted and the rising possibility these failures could push the global [...]
February 2023 market update – Central banks continue the fight against inflation
Introduction Global equity markets ticked lower in February as economic data pointed to more interest rate increases by global central banks, including the U.S. Federal Reserve Board (“Fed”). The Fed, European Central Bank (“ECB”) and Bank of England (“BoE”) all started the month by raising interest rates and suggested more [...]
January 2023 market update – The Bank of Canada signals a pause on the horizon
Introduction January data revealed resiliency throughout major economies despite considerable economic uncertainty and tighter financial conditions. The U.S., Europe and China reported economic expansion in the fourth quarter of 2022, albeit at relatively slower levels. Inflation has been coming down but remains at stubbornly high levels, particularly in Europe and [...]
2023 Market Outlook Report
By Canada Life Investment Management | Jan. 5, 2023 Geopolitical risks, inflation and market volatility continue to raise the risk of recession. But overcast skies call for a coat, not staying indoors. To help you plan for what’s ahead, we’ve curated a diverse range of views and expertise from across [...]