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Canada’s Challenge: Closing the Productivity Gap

Apr 2024 Issue

In This Issue: Canada’s economic malaise Caught in a population trap US economy sets the productivity bar Rising population and labor supply will not bail out Canada from its challenges The story of major economies of the world undergoing a prolonged period of malaise is more frequent than it might…

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The Red Sea’s Inflation Risk

Feb 2024 Issue

In This Issue: Global shipping chokepoints expose risks Vulnerability of supply chains exposed again Inflation risks are put back on the table Houthi militias hold the cards if the Red Sea is going to cause wider economic risks Over the last several decades, military and shipping industry experts have warned…

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The US National Debt Challenge

Feb 2024 Issue

In This Issue: 2001 consensus was for the US to be debt free by 2010 Rising spending and the pandemic spiked debt Facing hard choices at a challenging time Canada showed debt can be solved For over a generation, fears about the US national debt have ebbed and flowed. A…

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China’s New Normal

Feb 2024 Issue

In This Issue: China’s economic challenges China real estate sector causing significant disruption China’s population expected to fall 50 percent by the end of this century Implications for the global economy Over a decade ago, many scholars and commentators had concluded that China’s economic rise would mark this century as…

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Banks Create New Hurdles for Economic Growth

Feb 2024 Issue

In This Issue: The 2020s nothing like the Roaring 20s Add bank failures to the mix of worries SVB’s failure is not a systemic issue so far Credit tightening helping Fed with inflation Big 4 banks act as safe ports in the storm It is said that the 1920s was…

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Crossborder Retirement Pensions

Aug 2023 Issue

Many Canadian and American expatriates we encounter need guidance with respect to their government pension planning. Commonly, they will have worked in both countries and have accumulated both Canada Pension Plan (CPP) and US Social Security (SS) pension credits. The question then becomes, “which pension do I apply for when…

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Inflation Optimism & Recession Fears

Feb 2023 Issue

In This Issue: 2022 was not all bad Positive surprises being masked China’s policy U-turn is a mixed positive Inflation battle beginning to turn Mild recession if policy errors avoided At the start of every year, one of the long-standing traditions in the investment world is for strategists to publish their…

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Bonds Finally Get Interesting

Nov 2022 Issue

In This Issue: Bond markets are pivotal to markets Policy errors destroy bond returns Balanced portfolios showing historic declines Bond price drop creating attractive valuations The late comedian Rodney Dangerfield was known for the famous line “I don’t get no respect.”  When it comes to investing in the financial markets,…

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War on Inflation Awakens the Bear

Aug 2022 Issue

In This Issue: In Spring 2020, the global economy entered the deepest recession since the Great Depression. Fortunately, it also turned out to be the shortest recession on record – lasting barely two months.  Powered by a limitless level of stimulus from governments and central banks, the global economy roared…

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The Return of the Old World Order

Aug 2022 Issue

In This Issue: War in Europe & the old world order Conflict brings energy security to center stage Economic growth forecasts lowered Evolving perspectives on ESG Investing As the COVID pandemic peaked and the world started to transition back to some semblance of its pre-pandemic characteristics, it is clear that normal…

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