Global economy, protectionism and financial markets
This video is presented by:
Senior Vice-President and Chief Economist
Summer 2018 webinar with Clément Gignac, Senior Vice-President, Investments and Chief Economist
The Bank of Canada should remain cautious while it waits for the conclusion of the NAFTA renegotiations. This uncertainty pushes us to downgrade our target on the dollar. With central banks becoming less accommodating and the spectre of a trade dispute, we expect stock markets to be more volatile in 2018. The U.S. stock market shows more potential but is not safe from a trade dispute with the U.S. China. On a risk-return basis, Canadian and overseas markets are more attractive.