The Fed is the new macro
Stock markets have rallied significantly and consistently since 2009 when central banks cut interest rates to zero and increased the money supply through quantitative easing (QE) programs. Ten years later,…
2019 Federal Budget Commentary
On March 19, 2019, federal Finance Minister Bill Morneau tabled the Liberal government’s highly anticipated budget – the final one before the October 2019 election. After accounting for Budget 2019…
This is what it sounds like when doves cry
Markets roared back in January from December’s steep sell-off. The S&P/TSX Composite Index was up 8.7% – it’s best month in a decade. In the U.S., the S&P 500 Index…
2019 BC Budget Commentary
Finance Minister Carole James tabled the 2019 British Columbia provincial budget on February 19, 2019. The budget projects surpluses of $274 million for the 2019-2020 fiscal year, $287 million for…