Rate cuts and politics continue to breed uncertainty

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October 8, 2024

3 MIN READ

It was an eventful third quarter, and the fourth quarter of 2024 promises to be at least as interesting. Central banks in most advanced economies have now joined the Bank of Canada (BOC) in cutting policy interest rates. The Canadian economy continued to avoid recession, while the U.S. economy continued to exhibit surprising strength. China finally pulled out the “policy bazooka” in an attempt to reinvigorate its economy and stock market. Finally, ongoing conflict in the Middle East intensified, creating a further push-pull in energy commodities.

Against that eventful backdrop, elections are looming in both Canada and the U.S. We’ll explore the potential outcomes and also briefly revisit the Canadian housing market.

Read the full commentary

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