Insights

Because of unprecedented debt levels accumulated by developed governments, a negative real interest rate environment is likely to persist for the long-term. Many developed nation governments have breached debt levels of over 100% of gross domestic product (“GDP”) since the Global Financial Crisis of 2008-09 (“GFC”) – Canada included at 116%. This is not just […]

According to Fiera Capital, the outlook has deteriorated given the prospect of slowing growth and persistently elevated inflation, while heightened geopolitical turmoil stemming from the war in Ukraine has exacerbated the already vulnerable macroeconomic landscape. These factors, as highlighted throughout, creates an increased probability for a “Stagflation” economic scenario – forecasted as 55% probability over […]

Over the past year we have experienced an evolution in the importance of Environmental, Social and Governance (“ESG”) issues, both by the business and wider society. Once perceived as a ‘nice to have’, ESG has swiftly transitioned to the forefront and is now considered essential to business and investment strategies. While ESG covers a range […]

According to Fiera Capital’s base case economic scenario (Reflationary Recovery – 50% Probability), the global economic recovery continues to grow at an above-trend pace through 2022, without the fear of an aggressive and destabilizing monetary policy tightening event. The global economic recovery lingers on, even in the wake of sporadic virus outbreaks. While COVID-19 dynamics […]