Expect the Canadian dollar to fall back to mid-70-cent range
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Which types of companies could benefit from the Trump administration’s overhaul
Business sentiment remains positive, reveals the Bank of Canada’s business outlook survey (BOS), and that supports the potential for a rate hike next week. Read: Rates to rise starting next week: big five banks The BOS indicator, which summarizes the main survey responses, has almost returned to its summer peak. “In particular, strong expected input […]
The economic cycle is long in the tooth, but growth in Canada and the U.S. should remain strong until 2020, forecasts Desjardins in an outlook report. The bank forecasts strong growth in 2018 and 2019, but, thereafter, “there will be greater risk of an economic slowdown as the current cycle matures.” The result: monetary tightening […]
BMO economists confidently offer the following five trends to watch in 2018—”confidently” because the economists scored eight out of 10 on their forecasts and stretch calls for 2017. The five trends are listed below, as itemized by BMO chief economist Douglas Porter in an economics report. 1. Alberta bonds will outperform. The province had the […]
The new year is expected to bring tax relief to American businesses. And that’s bad news for business north of the border. For tax rates, “the American system will go from being much more punitive to closer in line with Canada’s—likely a bit below for non-energy companies [and] higher for oil and gas producers,” says […]
Tight U.S. credit spreads are beginning to widen as risk gets priced in
U.S. tax cuts have been on the agenda since President Trump was elected. Now, with both House and Senate bills passed, tax reform might soon be a reality. (For differences between the two bills, read this BMO report.) The anticipation of tax reform has helped fuel the recent bull charge in equities on the Dow […]
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