Insights

Trade War Impacts

Fiera’s Approach to Canadian Equities

Responsible Investing

Q1 Market Review

Market Update and Opportunities

Why Inflation Expectations Matter

Managing market risk in investment portfolios

The Fed Balance Sheet 101

Inside Look: Private Equity

Alternative Investments In Your Portfolio

Small Cap Stocks: Opportunities on the Horizon

Stable income in an uncertain environment

2019 rates and central bank actions

In the middle lies opportunity: the case for mid caps

EM Debt: The Asset Class

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The divine tailwinds

Last Monday, the Bank of Japan (BoJ) announced that it would cut its bond buying program, an initiative which has been the hallmark of BoJ policy since…

Central Bank Roundup

September has been an interesting month to say the least:  The U.S. and China traded more blows in their trade war; Boris Johnson’s prorogation of British…

Quebec’s budget success story

The Quebec government has the largest provincial debt load in Canada. In 2013, it reached a peak of 54% of the province’s GDP, compared to 45% in Ontario and…

The repo market gets a tune-Up

For the past two days, a usually under-the-radar part of the financial system has dominated headlines. The funding rate on collateral repurchase agreements –…

Powell's got a friend...

Last week, the Bank of Canada announced – unsurprisingly – that it was keeping its policy rate unchanged.

Market Update - September 2019

FROM THE GLOBAL CIO OFFICE - By Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation

August extremes

To BBB or not to BBB

Looking at BBB-rated corporate bonds in Canada, one might think they could be closely tied with the direction of rates.  Traditionally, lower rates precede an…

Take me out to the Bund game

Last week, we had a first in bond history; the Germany Finance Agency swung for the fences, auctioning off €2 billion of a 30-year Bund with a zero coupon and…

Bonds, gold, and cake

Recently, we’ve noticed an odd pattern in the bond market wherein bond prices rise sharply on bad days for risk assets (equities), but on equally good days…

Ontario debt woes

In its 2019-20 budget released on April 11th, the Province of Ontario announced an expected budget deficit of $10.3 billion and a change to certain transfers…

Fear Versus Fundamentals

Our Global CIO team has attempted to look past the noise and volatility of recent days to construct a fundamental-based outlook for the market. You can read…

Diverging central banks

In early June, Canadian benchmark rates hit new lows for the year, as the possibility of new tariffs on Mexican goods scared investors…

Market Update - August 2019

While investors digested generally upbeat corporate earnings results, mixed signals on the health of the global economy, and the resumption of US-China trade…

Market Update - July 2019

In June, financial markets thrived on the string of dovish rhetoric from central banks including the likes of the Federal Reserve, the European Central Bank,…

1998 vs 2019

If the Fed eases, as expected at its July 31 meeting, what will the market response be?  Can history offer any insight?

Asia Deserves Some Credit

Which $50 trillion asset class is often-overlooked by Western investors?

Market Update - June 2019

The trade dispute between the US and China intensified in May, with heightened levels of investor angst rippling through the financial marketplace.

Growth and Income Investing in Emerging Markets – The Trend Continues

Emerging market companies find the middle ground between reinvesting organic growth cash flows and sustaining dividend growth.

Getting on Base: Moneyballing your Portfolio Using Risk Factor Investing

 What baseball can teach us about a portfolio’s risk and return.

Market Update - May 2019

Risk appetite lingered-on in April as investors embraced the improved tone in global economic conditions, an impressive string of corporate earnings results,…

Middle East - The Reform and Index Upgrade Story

Read our update on reform progress and index inclusions in the Middle East.

An Optimized Approach to Core Plus Portfolios

Read our latest white paper on Core Plus portfolios.

Market Update - April 2019

In March, investor sentiment was dominated by headlines surrounding cooling global growth, ongoing US-China trade negotiations, and cautious undertones from…

What Would Milton Friedman Say About Proxy Voting and ESG?

Proxy voting is under increasing scrutiny by regulators and industry stakeholders. In this commentary, we examine the issues through the lens of Milton…