sébastien mc mahon, cfa · 11.10.2019 · a look at this week’smarkets at the close on thursday...
TRANSCRIPT
Weekly economic review
Sébastien Mc Mahon, CFA
Senior Portfolio Manager, Diversified Funds and Economist
10/11/19
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A look at this week’s marketsAt the close on Thursday
Source: iA Economics, data via Bloomberg *WTD/YTD = Week-to-date / Year-to-date
Week-to-date Year-to-date
Canadian Bonds (total return) Local currency In CAD Local currency In CAD
FTSE TMX Universe -1.22% 7.50%
FTSE TMX Long -2.42% 14.01%
Corps -1.05% 7.68%
Equities (total return)
S&P/TSX -0.10% 17.49%
S&P 500 -0.43% -0.61% 19.07% 16.05%
MSCI EAFE 0.63% 0.28% 13.69% 8.42%
MSCI Emerging 0.09% -0.16% 7.02% 2.79%
Other Current price Return WTD* Return YTD*
Oil (WTI) 53.55 $ 1.40% 17.93%
USD/CAD 0.7524 $ 0.17% 2.60%
Gold 1 493.99 $ -0.71% 16.49%
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What caught our eyes this week
• U.S. – China:
▪ A deal in sight?
• Brexit:
▪ Pathway to an ordered divorce?
• Canada:
▪ The labour market is showing all the resilience of the Canadian economy
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U.S. / China Relationship:A deal in sight?
Source: WSJ et Strategas
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Brexit:A possible breakthrough?
Source: WSJ
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Canada:Jobs report once again beating expectations
Source: iA Economics, data via Bloomberg
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What we’ll be watching next week
• Canada:
▪ CPI Inflation (consensus: 2.0% in September)
▪ Core CPI Inflation (consensus: 2.0% in September)
▪ Manufacturing Sales (last month: -1.3% in July)
• U.S.:
▪ Retail Sales (consensus: +0.3% in September)
▪ Building Permits (consensus: lower at 1340K in September)
▪ Housing Starts (consensus: lower at 1320K in September)
▪ Industrial Production (consensus: lower at -0.1% in September)
• Europe:
▪ Core CPI Inflation (consensus: stable at 1.0% in September)
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Disclaimer
Opinions expressed in this presentation are based on actual
market conditions and may change without prior warning. The
aim is in no way to make investment recommendations. The
forecasts given in this presentation do not guarantee returns and
imply risks, uncertainty and assumptions. Although we are
comfortable with these assumptions, there is no guarantee that
they will be confirmed.
Industrial Alliance Insurance and Financial Services Inc.