The following market commentary is courtesy of the Plan’s Fossil Fuel Free Equity and Bond investment manager, Jarislowsky Fraser Global Investment Management. Economic Review In the third quarter, the global macroeconomic environment was characterized by continued, albeit steeper, downward moves in both headline and core inflation, as well as market-based measures of inflation expectations. This […]
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. During the quarter, economic releases pointed to a generally resilient pace of activity in the US economy, although there was clear evidence of slowing momentum. Some economic data was weaker with downside surprises relative to market […]
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. Global economic divergences grew in the first quarter of 2024. In the US, economic data releases continued to show above-trend growth. Following two consecutive months of reaccelerating inflation, the narrative shifted away from the possibility of […]
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Leith Wheeler Investment Counsel Ltd. Summary This year ended up being a strong one for markets, as evidence of easing inflationary pressures emerged in the fourth quarter. We have witnessed consecutive months in October and November where inflation in Canada hovered just […]
The following market commentary is courtesy of the Plan’s Foreign Equity investment manager, MFS Investment Management Canada Ltd.
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. After the volatile financial markets experienced in March, investors welcomed a more stable market environment in the second quarter. Investor sentiment improved in response to several factors, including the resolution of the US debt ceiling discussions, […]
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. The first quarter of 2023 was a whirlwind for global financial markets. There was positive market sentiment early on that was largely driven by strong economic data, China’s economic reopening and subdued inflation releases. That positive […]
Financial markets faced uncertainty about future monetary policy in the fourth quarter. Signs of peaking inflation, along with market expectations for a downward shift in the pace of monetary tightening, boosted investor sentiment and led to widespread gains across asset classes in the first two months of the quarter. Positive sentiment reversed in December in […]
At the start of the third quarter, there was widespread optimism that inflation had peaked and that slowing economic activity would allow monetary policymakers to limit further tightening and perhaps pivot toward lower interest rates sooner than expected. This sparked a rally across asset classes into late August, at which point U.S. Federal Reserve Chair […]
Market Commentary – Fourth Quarter 2024
January 29, 2025
The following market commentary is courtesy of the Plan’s Canadian Equity investment manager, Connor, Clark & Lunn Investment Management. Robust economic activity, coupled with stable inflation figures, a Republican victory in the US election and easing monetary policy collectively bolstered market sentiment in the fourth quarter. Equity markets experienced significant gains in November, reaching new […]