Inflation has central banks between a rock and a hard place: increase rates just enough to moderate inflation – or tip us into a recession. The answer will be revealed at some point, but in the meantime, opportunity lies in the weeds.
Our investment team looks at the state of the markets and what a potential recession could look like against the backdrop of the current inflationary environment.
Hotels, restaurants and attractions are reminiscent of life at the height of the 2006 Alberta oil boom, and this surge in growth is likely to continue through to the end of 2022. What’s “normal” for now?
The heatwave that Canadians recently experienced is somewhat of a precursor to what’s shaping up to be a scorcher of a summer from an economic standpoint. With 67% of Canadians having received at least one dose of the vaccine and provinces lifting even more restrictions, this will unleash many economic catalysts that we’re looking forward to.
Though recent lockdown measures have come into effect across Canada, we view this as merely a detour on the gradual return to normal. Our Quarterly Investment Commentary reflects this sense of optimism as we gain a greater understanding of what the new normal will look like — and when it may arrive.