Invesco Canada blog

Insights, commentary and investing expertise

BoC takes another step on the way to “neutral”


Senior Portfolio Manager, Head of North American Rates Portfolio Management, Invesco Fixed Income
October 24, 2018

Subject | Macro views

The Bank of Canada (BoC) announced it hiked the overnight rate by 0.25% to 1.75% at today’s meeting. This is the third 0.25% hike by the BoC this year. As the economy continues to perform near its long-term potential, the BoC believes it will need to increase rates to a neutral level to achieve its inflation target of 1-3%. It currently estimates a neutral rate level to be in the range of 2.5%-3.0%.

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Five issues rattling global markets


Global Market Strategist, Invesco Ltd.
October 23, 2018

Subject | Invesco | Macro views

There was no rest for the weary last week, as geopolitical developments came fast and furious, and capital markets reacted. Below, I cover five important issues that have continued to contribute to stock market volatility –  some of which flew under the radar during the week’s flood of news –  and highlight five issues to watch this week.

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Five key takeaways from the IMF annual meeting


Global Market Strategist, EMEA
October 22, 2018

Subject | Invesco | Macro views

The International Monetary Fund (IMF) took a decidedly bearish tone during its annual meeting in Bali earlier this month – in fact, I would say it was the grimmest gathering of the IMF that I’ve ever seen. I had the opportunity to attend the talks in Indonesia, and I came home with five key takeaways. Below, I summarize those takeaways and share the viewpoint from Invesco’s Office of the Global Market Strategist.

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Tariffs: Examining the economic and capital market consequences


Global Market Strategist, Invesco Ltd.
October 19, 2018

Subject | Industry views | Institutional | Invesco | Macro views

Trade tensions have escalated in recent months to a point we haven’t seen in many years. At times in the past year, protectionist threats and actions have sent stocks downward, but investors have been all too willing to believe the threat has passed at the first sign of an abatement in trade drama. For example, after downward pressure on stocks caused by trade worries, Chinese President Xi Jinping’s conciliatory speech at the Boao Forum in March was all investors needed to hear to send stocks upward. But the elation was short-lived, as it soon became clear that President Xi had no interest in making serious concessions.

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Will the global stock sell-off continue?


Global Market Strategist, Invesco Ltd.
October 16, 2018

Subject | Invesco | Macro views

It was yet another week in which I felt like we lived 100 weeks. Of course the biggest event was the stock market sell-off. U.S. stocks led what became a global sell-off, which slowed and actually began to reverse on Friday. The key question on investors’ minds is: Is this over? Or will stocks lose more ground? Before we can gauge the likelihood of this sell-off continuing, we must understand its origins. There were two catalysts for the stock market drop – and they are the two key risks I have been warning about for more than a year: U.S. Federal Reserve (Fed) normalization and trade.

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