Insights

With the economy continuing to grow above trend and inflation still elevated, the Bank of Canada is likely to continue raising rates to push forward on its path to neutral, putting further pressure on risk assets’ valuations and future economic growth. According to Fiera Capital, the most probable scenario as a result of these dynamics […]

With inflationary pressures remaining elevated in the near-term, the Bank of Canada continues to push forward on its path to neutral, which is putting pressure on risk assets’ valuations. While this outlook bodes unfavourably for both stocks and bonds, the natural evolution for investors seeking stability, higher income, and the potential for capital gains is […]

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 […]