Copyright ©2015 Financial Planner & Senior Financial Advisor – The Birbari Wealth Management Group - HollisWealth, Burlington Branch. All Rights Reserved.
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Michael Birbari

Director, Private Client Group
Senior Investment Advisor

A division of Scotia Capital Inc
Office: (905) 336-8600
Toll Free: 1 (800) 336-8606

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Economic Monthly Reports

2015 Economic and Market Outlook Series

Global Economic Update -Aron Gampel, Vice President & Deputy Chief Economist, Scotiabank


Outlook for CAD and USD -Camilla Sutton, Global Head of Foreign Exchange, Scotiabank




We are pleased to present the latest editions of the Economic Monitor and the Market Monitor from Dynamic Funds Economics, prepared by Chief Economist Dr. Martin Murenbeeld and Senior Economist William Tharp; a division which provides independent analysis and research to retail and institutional interests from across the globe.  

Dynamic Funds Economic Monitor

Financial Markets Overview

The Fed continues to raise expectations that it will raise interest rates this fall – September most likely, but December as an alternative. (The Fed has press conferences after those meetings, not the others.) We continue to put a fairly high probability on no rate hike this year – for purely economic reasons, but recognize that the Fed wants to commence “normalizing” monetary policy, and get the FF rate off the ZLB (zero
lower bound).

Dynamic Funds Economic Monitor - July 2015


Monthly Market Snapshot

Sophocles Could Not Have Written a Better Play, But We Prefer the Soothing Words of Sir Mick

Greek voters shot down conditions set forth by international creditors in rather overwhelming fashion, as a 61% majority checked the “No” box in Sunday’s referendum. The next steps for Greece and those who have extended it loans are uncertain, although discussions between European leaders and Greece are ongoing. The drama of this situation has been

building for years and this has indeed been the longest running Greek tragedy in history.

Monthly Market Snapshot - July 2015


The particulars contained herein were obtained from sources which we believe are reliable, but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of HollisWealth. This website is not deemed to be used as a solicitation in a jurisdiction where this HollisWealth representative is not registered.

Scotiabank's Global Forecast Update

 Scotia Economics provides clients with in-depth commentary regarding the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary and public policy issues.

Too Few Growth Engines

The pace of global output growth remains quite moderate, a reflection of the continuing cyclical underperformance in many nations, and the structural adjustments underway in a number of economically relevant countries.

Scotiabank Global Forecast - July 30, 2015