Invesco Canada blog

Insights, commentary and investing expertise

Market review: The Fed takes on the elephant in the room


June 21, 2017
Subject | Institutional | Invesco | Macro views | Trimark

Last Wednesday, the Federal Reserve (Fed) announced it would raise the fed funds rate by a quarter point – its fourth rate hike since starting to tighten in December 2015. This was very much expected and created no surprises for investors. But the far bigger news coming out of the Federal Open Market Committee (FOMC) meeting is that the Fed released its plan to normalize its balance sheet. And with that, the Fed has finally addressed the elephant in the room.

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Market review: U.S. jobs disappoint, U.K. voters head to the polls


June 6, 2017
Subject | Institutional | Macro views

Last week, the U.S. jobs report for May took centre stage in terms of economic data. Nonfarm payrolls grew just 138,0001 – well below expectations and certainly not what was indicated by the ADP National Employment Report released earlier in the week,2 which showed payroll growth of 253,000 in May. Employment disappointment extended back to the previous two months. The April nonfarm payrolls number was revised down from 211,000 to 174,000, while the March jobs report was revised down from 79,000 to an even more anemic 50,000.1

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Market review: What to look for in Trump’s budget, and beyond


May 31, 2017
Subject | Institutional | Macro views

Investors have no shortage of headlines to absorb as we approach the summer months. Below, I highlight three key takeaways from the U.S. last week, featuring a new federal budget proposal from the Trump administration – and preview three questions that will be answered this week concerning jobs, productivity and growth in North America.

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A closer look at Ontario’s Fair Housing Plan


May 17, 2017
Subject | Institutional | Macro views

In April, the Ontario government announced a 16-point plan to make housing more affordable. In general, its intention is to help level the playing field, balancing the interest in maintaining a viable real estate market in the greater Toronto area with ensuring that middle- and lower-income families can afford to live in that area.

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