We expect 2025 to be an interesting year for global economies and for financial markets as both will almost certainly be impacted by the incoming U.S. administration’s policy decisions, including major trade actions. We believe uncertainty and volatility will continue...
A year of surprises: 2024 in the rear-view mirror
A year ago, much of the talk surrounded the potential for, and timing of, an upcoming recession. The general narrative was that both inflation and interest rates were too high and would suffocate consumer borrowing and spending, leading to an economic decline. We...
Economic Commentary & Outlook
Coming into 2023 and 2024, much of the talk on Bay and Wall Streets surrounded the potential for, and timing of, an upcoming recession. The general narrative for both years was that inflation and interest rates were too high and would suffocate consumer borrowing and...
FGP Short Term Bond Fund Wins GMR Award
Global Manager Research (GMR) recognized the FGP Short Term Bond Fund as a Top Performer in the five years to September 30, 2024. According to GMR, “The FGP Short Term Bond Fund ranked in the top 3% in the GMR Canadian Short Term Fixed Income Universe based on a...
Foyston For Thought – Investing in Businesses, Not Politics
As significant political and economic events approach, we’re often asked for our perspective on how these occurrences may impact the markets, or more specifically, our portfolios. While we are, of course, keenly interested in these outcomes, we consistently return to...
PCLs, NII, FGP – Our comments on the Canadian banks’ results
Canada’s big banks just completed their quarterly reporting season. While we’re still analyzing the numbers, we believe there were some positives in the earnings results given credit improvements and growth outlooks. Here are a few thoughts.
Reflections on International Women’s Day
On the occasion of International Women’s Day, Tanya Kramarska, Vice President, Client Relationship Manager, Mimi Majumder, Principal, Client Relationship & Business Development Manager, and Siqi Chu, Research Analyst, Credit, share their persional reflections on...
Trump, Tariffs, and Trade: A Preliminary Comment on Canada
Late Saturday afternoon, U.S. President Donald Trump announced major tariffs against Canada, Mexico, and China. On Saturday evening, Canadian Prime Minister Justin Trudeau responded with retaliatory tariffs. What does this tariff war mean for Canadian investors in...
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