How can institutional investors make sense of the structural shifts in the global economy? Eric Lascelles, RBC Global Asset Management’s chief economist, gave pension plan trustees an overview of the shifts—both short and long term—at the Phillips, Hager & North Trustee Education Seminar 2012 last week at the Fairmont Royal York in Toronto.
Thirteen years after the advent of the European common currency, the Eurozone has seen its first credit default by a member. The long-term and short-term debt of Greece was downgraded to “selective default” by Standard & Poor’s Ratings Services yesterday.
It’s an oft-quoted curse: May you live in interesting times. While the Canadian equity market seems far from cursed lately, it is going through “interesting times”—and the curse could be just around the corner.
Investor confidence declined in February, according to State Street Global Markets.
The world is facing a period of heightened geopolitical risk. Traditionally, we think of this as the risk of sudden, unpredictable events: coups, riots or revolutions—the political equivalents of earthquakes.
Last year was a difficult one for equity investors, with many markets delivering negative returns. But experts are expecting an improvement in 2012.
Tiff Macklem, senior deputy governor of the Bank of Canada, talked about the importance of completing the reform of the global financial system yesterday at the Rotman Institute for International Business Speaker Series in Toronto.
American equity markets continue to suffer from a disconnect, with the perception of doom and gloom overpowering a reality that is much rosier, according to Burt White, chief investment officer of LPL Financial.
By now there’s little debate: the global economy is slowing. The deleveraging process has been slow, with business leading the way, followed by the consumer. That leaves only the government sector to clean up its balance sheet.
A new report from Vanguard discusses the investment management firm’s outlook for the U.S. economy and markets over the next decade.