For those worried the cycle is about the turn, it’s important to consider that there is no established length for a market cycle, said Avery Shenfeld, managing director and chief economist at CIBC, during a panel at a Canadian Investment Review and Benefits Canada Investor Insight Breakfast in Toronto on Jan. 10, 2019. Indeed, the […]
The Bank of Canada announced Wednesday it is holding its target for the overnight rate steady at 1.75 per cent. This comes after it also held rates steady in December 2018. “As expected, the Bank of Canada kept the overnight rate unchanged at 1.75 per cent and there wasn’t a big surprise in the message,” […]
Yesterday, the Federal Reserve announced it will raise the target range for the federal funds rate by a quarter point and dialed back its expected rate hikes for next year from three to two. “Over the past year the economy has been growing at a strong pace, the unemployment rate has been near record lows, […]
Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of Canada, in a speech hosted by the CFA Society Toronto on Thursday. The bank’s most recent rate decision, which took place on Wednesday, maintained the current rate of 1.75 per cent. […]
Will the environment of rising rates continue? And if so, over what period? And where can long-term investors find opportunities? Canadian Investment Review asked Robert Spector, fixed income portfolio manager at MFS Investment Management for his views. Spector says he thinks there will be further monetary tightening, which will have implications for short-term interest rates, […]
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