The good and the bad of Trump’s economy. Source: Thomson Reuters WASHINGTON (Reuters) – The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump highlighted in his State of the Union speech to Congress on Tuesday. With “The Great American Comeback” as its theme, Trump focused…
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…
The revision of the NAFTA agreement has eased concerns of an economic slowdown for the United States, Mexico and Canada causing U.S. government bond prices to fall along with a rising yield. Source: Wall Street Journal U.S. government bond prices fell Monday as the revision of the North American Free Trade Agreement eased investor concerns…
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…
Trump’s “big border tax,” if adopted, could hurt trade and millions of workers within Canada Source: Ted Carmichael Global Macro With this tweet on January 5, President-elect Donald Trump got the attention of not only of Toyota and Mexico, but also a few astute Canadians. The realization began to dawn on them that Trump’s promise to…
The Green bond market – a market used to raise funds for environmental projects – is on track to achieve growth in 2017, as volumes doubled this past year. The green bond market seems to be unphased by the scrutiny of climate change by US Present-elect, Donald Trump, over the past months. Source: The Globe and…
The big surprises of 2016 – Brexit, the impeachment of President Dilma Roussef in Brazil, and the election of Donald Trump as President – will have significant economic impacts in 2017 and beyond. Source: Ted Carmichael Global Macro It’s time to look ahead to global macro prospects for 2017. I have posted similar outlooks for the…
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…
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…
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…
With trading volumes for US corporate bonds up
