As the U.S. election campaign comes to a close, keep an eye on currency markets – the outcome of the race could impact the U.S. dollar and marketplace, along with other global currencies. “If Democrat Hillary Clinton wins the election, the most likely result is that it’s going to be considered business as usual, [as] […]
Canadians investing for retirement are increasingly looking to diversify their portfolios with global equities, says a new CIBC poll. The poll, which surveyed about 1,000 Canadians who have retirement portfolios, found that, despite the impact of the lower loonie, 41% of respondents are looking for opportunities outside of Canada, up sharply from only 31% last year. Of those […]
These days, there’s a major divergence between value and growth stocks. Equity markets and sectors that are experiencing stable growth are expensive, while weaker markets are cheap. Listen to the full podcast on AdvisorToGo. That’s because people have flocked to companies with predictable and high growth, at the expense of more cyclical value companies, says Luc […]
Managing currency risk in a zero interest rate world
Market wasn't surprised at all.
Yesterday’s 25-basis-point rate hike by the U.S. Federal Reserve’s didn’t surprise markets. What did was how many hikes are expected to occur in 2016 and 2017, says Prab Sagoo, associate director at Nasdaq Advisory Services. “The calculations from the dot-plot that the Federal Reserve put out indicate there may be up to four rate hikes by […]
Currency’s made headlines for the last decade with the spectacular rise and fall of the Canadian dollar. Once lowly, the loonie has, in recent years, hit and then briefly exceeded parity with the U.S. dollar. Good times for Canada’s cross-border shoppers. But, depending on whom you talk to, the rise and fall of the dollar […]
Over the next decade, 3.5 million people will reach retirement age — the biggest increase in that cohort in Canadian history. And that means trouble for the economy. That retirement wave comprises “nearly 1,000 [people] per day, every day, for 10 years,” says Jeff Waldman, head of Global Fixed Income and managing director at CIBC […]
The Canadian economy will continue to underperform over the next year, relative to the U.S. and on a global scale. That’s due to our high level of consumer debt, and to weak oil prices and exports, says Luc de la Durantaye, managing director of asset allocation and currency management at CIBC Asset Management. He manages […]
The New York Fed’s president has cast doubt over whether the U.S. will raise rates in September.