Director, Private Client Group
Senior Investment Advisor HollisWealth
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
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.
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.
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.