- Apr 7
EQUITIES COMMENT - TSX in the Sweet Spot
TSX Composite a Winner The TSX Composite was one of the top performing stock markets in the world during the first quarter thanks to the relatively large exposure to commodity related stocks like energy. On the other hand, the S&P 500 had a decline due to weakness in Technology and Technology related stocks. For the quarter, the TSX Composite gained 3.8% and the S&P 500 lost 5.7% in Canadian dollar terms. Over the last twelve months, the TSX was up 20% and the S&P was ahead 1
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- Apr 4
ECONOMIC & FIXED INCOME COMMENT - Onwards and Upwards
2022 began with a lot of promise. After two years dominated by COVID-19, the global economy looked set for normality. Yes, inflation was becoming a nuisance for central banks, and growth was set to slow from 2021’s rapid pace but, markets appeared to have digested these developments. Then came Russia’s unprovoked invasion into Ukraine on February 24th, 2022. The consequences of the invasion are slower global growth, with Europe taking the largest hit, and higher inflation. Th
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