Copyright ©2015 Financial Planner & Senior Financial Advisor – The Birbari Wealth Management Group - HollisWealth, Burlington Branch. All Rights Reserved.
Web services provided by The Iconic Group

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

Cdn $ (CADUSD=X) $0.7645 +0.0001 +0.0077%
TSX (^GSPTSE) $13552.20 +212.46 +1.59%
BNS (BNS.TO) $58.38 +1.16 +2.03%
Telus (T.TO) $42.62 +0.15 +0.35%
Royal Bank (RY.TO) $72.53 +0.56 +0.78%
BMO (BMO.TO) $73.68 +1.19 +1.64%
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

Market volatility increased dramatically in the latter half of August on the back of rising concerns over economic and financial conditions in China. (For a more detailed discussion of China see last month’s Monitor article: China – Some Macroeconomic Facts of Life: “There Will Be Blood!”) These concerns have seen the Shanghai Composite tumble 37% from its recent highs.

As Chinese growth moderates further the stream of negative news is expected to continue; this could further disturb global equity markets, if not also put additional downward pressure on commodity prices. Some assets such as government bonds, gold, and some currencies have benefited however.  

Dynamic Funds Economic Monitor - September 2, 2015


Monthly Market Snapshot

Election Cycle Theory

With the federal election set to take place on October 19th, a thought on the minds of many investors across the country is,“what does the election mean for my personal finances and investments?”

In the U.S., presidential election cycle theory is widely followed and suggests that the market’s performance follows certain patterns based on the years leading up to, during, and following the election year. The theory holds that stock market returns are typically sub-par in the early years of a new presidential term and strengthen later on.

Monthly Market Snapshot - September 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.

Still Not Your Typical Economic Expansion

Six years and counting, global output growth has been steadily moderating following the massive stimulus-induced bounce in 2010 from the depths of the Great Recession. This is the opposite of past cycles where recoveries gained momentum on the back of strengthening and more synchronized activity among advanced and developing economies. For the time being, downside risks to growth are still dominating the outlook.

Scotiabank Global Forecast - September 30, 2015