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    Financial Markets Monthly

    Vaccines, restrictions driving near-term divergence

    April 9, 2021

    Vaccines, stimulus boosting advanced economy growth prospects, pushing bond yields, equities higher in March.

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    Inflation Prospects Prompt Bond Market Reset

    March 5, 2021

    Government bonds were sold off sharply in February. The moves largely reflect improving economic outlook and inflation upside.

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    Economic Momentum 'Strained' in Early 2021

    February 5, 2021

    Lockdowns are making for a slow start to 2021 and vaccines will support a return to growth in Q2 and beyond.

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    Rising COVID Cases Make for a Challenging Start to 2021

    January 8, 2021

    Ongoing containment measures will slow Canada's recovery, while more measured restrictions and fiscal stimulus should keep the US economy growing.

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    Vaccine Rollout Boosts 2021 Growth Prospects

    December 11, 2020

    Positive vaccine developments are brightening economic growth prospects in 2021. The near-term outlook is still challenging, but we're now expecting a stronger recovery.

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    The Balancing Act: Containment vs. Recovery

    November 12, 2020

    Until a vaccine is widely available, governments face a tough balancing act between containing the virus's spread and keeping the economy open.

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    Second Wave Threatens Recovery Momentum

    October 9, 2020

    With a rise in cases across several countries, new restrictions are threatening economic recovery momentum.

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    Economic Check-up after a Very Long 6 Months

    September 11, 2020

    Early economic recoveries have been stronger than expected and slower momentum later this year will leave output gaps wide.

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    Economic Recovery Underway, but Risks Abound

    August 7, 2020

    Indicators suggest a stronger than expected near-term economic rebound but less fiscal support and ongoing social distancing will cap the recovery.

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    Managing COVID Outbreaks Key for the Path to Economic Recovery

    July 10, 2020

    Equity market rally faded amid concerns about a resurgence in COVID-19 infections. The path forward remains cloudy as restrictions continue.

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    After Unprecedented Declines, an Uneasy Recovery Begins

    June 5, 2020

    With some progress in 'flattening the curve,' many countries began to gradually reopen their economies. Early May indicators point to some pickup in activity.

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    After the Fall

    May 8, 2020

    Economically-damaging containment efforts have helped ‘flatten the curve,’ but the path back to normalcy is likely to be slow and uneven.

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