Dashboard – Canada (Update)

Second quarter GDP in Canada was weaker than expected and highlights the challenges Canada faces now that the key drivers of the recovery are turning lower.

We expect meaningful adjustments in Canadian currency and bond valuations over upcoming quarters and have positioned our portfolio accordingly.  The August employment number (a very volatile number) does little to change our outlook.

Canada EmploymentPlease review the update to our Canada research which we first published in mid-July: Dashboard – Canada Update

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