Positives
Risk assets recently rose
Hard economic data is still decent
Inflation may be peaking
Supply chain problems are easing
Commodity prices fell recently
Energy stocks dominate the TSX so far this year
Negatives
Consumer and business confidence have fallen sharply
Financial conditions tightened significantly
Russia-Ukraine war continues, with escalating sanctions
Recession risk elevated through 2023
To Note
Rapid rate hikes continue
Peak policy rate could be lower than previously imagined
Inventory cycle turning
The Canadian Real Estate Association (CREA) is cutting its forecast for home sales this year and lowering its expectations for price growth as some of the country’s hottest markets cool from their pandemic highs.
Information provided by iA Wealth and Investment Executive
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