Trudeau Unveils $10.5 Billion in Tax Cuts to Keep Up With Trump

Canada’s cumulative 5-year budget deficit to rise to $83.5 billion as the Liberal Government unveiled corporate tax breaks to businesses worth $10.5 billion, allowing businesses to write-off capital investments more quickly. This decision is bound to increase government borrowings and debt issuances. Source: Bloomberg Justin Trudeau is offering tax breaks to business instead of cutting…

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Ted’s Macro View – Trump Trade Evolves: Global ETFs Portfolios for Canadian Investors

Leading global ETF performers evolved in 1Q17 that reflected, in part, the markets’ changing assessment of Trump’s ability to implement his election promises Source: Ted Carmichael Global Macro The first quarter of 2017 is in the books, so it’s time to review the performance of our global ETF portfolios. The quarter kicked off with the inauguration…

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Global Bond Sell-Off Deepens in Trump Growth Bet

Nearly $1 trillion has been wiped out in global fixed income markets since Trump’s win. Source: Financial Times A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s commitment to economic stimulus will herald faster growth and the return of inflation. Since Mr Trump’s surprise win…

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Mario Draghi Seen More Likely to Extend QE After Trump’s Victory

ECB likely to extend 80 billion-a-month bond purchase program Source: The Wall Street Journal FRANKFURT—The European Central Bank is likely to extend or even boost its €80 billion-a-month bond-purchase program next month following Donald Trump’s unexpected victory in U.S. elections, analysts said. ECB policy makers are expected to decide on the future of their so-called quantitative-easing…

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Ted’s Macro View – Global Reaction to President Trump

Global markets have adjusted swiftly in the wake of President-elect Trump Source: Ted Carmichael Global Macro In the days ahead of the election, global equities sold off when Donald Trump narrowed Hillary Clinton’s lead in the polls after the FBI reopened the investigation into Hillary’s emails. After the FBI announced that there were no grounds to…

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