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
Inflation continues to increase. It will likely reach 3.0% in Canada towards year-end and US inflation could nudge up to 2.3%. Because most of the increase in Canada is temporary (the effects of drought, severe winter weather and the dollar’s earlier depreciation), we don’t expect the Bank of Canada to change policy – though it will likely adopt a more neutral tone in speeches.
Dynamic Funds Economic Monitor - June 2014
Monthly Market Snapshot
We may or may not be guilty of streaming some early World Cup action onto our desktop and we also may or may not be guilty of participating in a World Cup office pool or two, but we are definitely guilty of being totally into this spectacle. Participants have been sourced from six of the world’s seven continents, and in assessing this year’s squads (just in case an office pool crossed our desk), it became quite clear that a nation’s economic might had very little to do with its ability
to qualify for the event. Upon initial observation, it seemed that a number of teams are from nations where poverty is rampant. To that end, we thought it would be interesting to compare the FIFA rankings of this year’s World Cup participants to the ranking of the nation’s GDP per capita.
Monthly Market Snapshot - June 2014
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.
Different Month, Same Story
In what is becoming a recurring theme, we have again lowered our forecast for worldwide output growth this year.
Global real GDP is now expected to average 3.2% in 2014, barely above last year's marginal gain of 3.0% — the slowest annual performance in the recovery to date.
Scotiabank Global Forecast - June 26, 2014