Financial Markets Monthly

Central banks are on pause as surging term bond yields tighten financial conditions further. Canadian population growth is complicating interpretation...

The global economic backdrop is darkening as growth slows in China while elevated interest rates weigh on Canada

Robust economic data seemed to bring sunnier days in July. For the most part, global equity indices inched higher as recession fears eased.

Resilient economic growth and sticky inflation are pressuring central banks to push interest rates higher, even as headwinds from higher prices and...

Risk appetite is picking up after down-to-the-wire negotiations punted the U.S. debt ceiling issue into 2025.

Banks are tightening credit standards amid financial sector turmoil. The lending slowdown will weight on U.S. and euro area GDP.

Banking sector turmoil caused significant bond market volatility in March, particularly at the front end of the curve

After a year of aggressive interest rate hikes, major economies continue to show signs of resilience and in some cases acceleration in early-2023.

With inflation slowing but labour markets proving resilient, hopes for a soft landing are growing.

Labour markets holding up but will eventually soften as economies slip into recession

Inflation is slowly starting to retreat from multi-decade highs, helped by falling energy prices and in some cases government relief programs.

We continue to see downside risk to both central banks’ GDP projections for next year.