Skip to main content
Financial Markets Monthly

BoC and the Fed, you gotta keep ‘em separated

April 10, 2024

A resilient U.S. economy and signs of reacceleration in inflation look likely to derail Fed plans to cut interest rates by 75 basis points this year – we now look for just one 25 basis point cut in December.

U.S. outperformance continues but no sunshine yet for the Canadian economy

March 12, 2024

Resilience in the U.S. continues to buoy investors’ spirits. Conditions also look to have already bottomed out in the euro area and U.K. In Canada, things are much less upbeat.

New rules

February 7, 2024

How will the rest of this current rate cycle from the BoC compare with previous ones? In short, we expect more things to differ than to stay the same.

Ordinary pain

January 9, 2024

Fed willingness to talk about interest rate cuts sent markets rallying to close out 2023.

Special edition - keeping an eye on Canada’s credit rating

December 12, 2023

A softening economic growth backdrop has left central banks in Canada, the Euro Area, and the U.K. on hold.

Under Pressure – softening outlook keeping central banks at bay

November 9, 2023

Elevated policy rates and tight financial condition continue to slow consumer spending in Canada, the euro area and the UK

Taking the long way home

October 11, 2023

Central banks are on pause as surging term bond yields tighten financial conditions further. Canadian population growth is complicating interpretation of macroeconomic data, but there are signs of softening under the surface.

Letting it be - central banks hold the line as more clouds roll in

September 13, 2023

The global economic backdrop is darkening as growth slows in China while elevated interest rates weigh on Canada

Central banks hit "hopeful pause" on rate hikes

August 9, 2023

Robust economic data seemed to bring sunnier days in July. For the most part, global equity indices inched higher as recession fears eased.

Interest rates to stay higher for longer

July 12, 2023

Resilient economic growth and sticky inflation are pressuring central banks to push interest rates higher, even as headwinds from higher prices and debt payments build.

Triangulating terminal: take two

June 8, 2023

Risk appetite is picking up after down-to-the-wire negotiations punted the U.S. debt ceiling issue into 2025.

Crunch time

May 10, 2023

Banks are tightening credit standards amid financial sector turmoil. The lending slowdown will weight on U.S. and euro area GDP.