Your monthly market update
Submitted by Brett on November 7, 2023 - 11:30am
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| Canadians less rosy on the economy | Leading indicators suggest that sentiment across Canadian consumers and businesses has fallen in recent months. Rate hikes finally made a dent in European inflation in October, but at a cost. The euro zone economy shrank by 0.1% over the third quarter ("Q3"), showing the fine line between quelling inflation and avoiding recession.
Meanwhile, the U.S. economy continued to charge ahead in Q3. Advanced estimates showed the U.S. grew at its fastest pace since the final quarter of 2021, propelled by stronger exports, consumer spending and real estate investment. In this month's update, we take stock of the global investment landscape as higher rates and colder temperatures start to bite. | Read the full market commentary on canadalifeinvest.ca, including the following topics:
- Canadian business and consumer sentiment waning
- U.S. economic growth stays strong in Q3
- European business activity falls to 2020 levels
- China issues economic support package
| | | | | | | | For the latest news and insights, check out canadalifeinvest.ca | |
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This commentary represents Canada Life Investment Management Ltd.'s views at the date of publication, which are subject to change without notice. Furthermore, there can be no assurance that any trends described in this material will continue or that forecasts will occur; economic and market conditions change frequently. This commentary is intended as a general source of information and is not intended to be a solicitation to buy or sell specific investments, nor tax or legal advice. Before making any investment decision, prospective investors should carefully review the relevant offering documents and seek input from their advisor. You may not reproduce, distribute, or otherwise use any of this article without the prior written consent of Canada Life Investment Management Ltd. Privacy, legal, copyright and trademark information
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