Your monthly market update
Submitted by Brett on December 7, 2023 - 9:30am
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|  | | | | | Riding the economic waves | The Canadian federal government released its budget update in November. The government announced $20.8 billion in net new spending, spread out over the next six years as it seeks to reign in some spending and reduce the deficit. In Canada, retail sales climbed higher by 0.6% in September, topping the flat growth economists and StatsCan had estimated. Canadian consumers are showing their relative strength.
Inflation also came down in the U.S., U.K. and Europe in October. Inflationary pressures have come down markedly in recent months, showing aggressive actions by central banks are taking hold and helping to slow economic growth and inflation. The U.S housing market is slowly showing signs of improvement following a very week October and it appears increased domestic and foreign demand have helped improve China's economy in October as well. | Read the full market commentary on canadalifeinvest.ca, including the following topics:
- Canadian retail sales and federal budget support economy
- U.S. housing market showing signs of improving
- Developed economies see softer inflationary pressures
- Improving economic conditions in China
| | | | Save the date: 2024 Market Outlook report available Dec. 13
To help you plan for what's ahead, we've compiled our 2024 Marketing Outlook report, featuring a diverse range of views and expertise from across investment managers around the globe. The report and event will launch on our website, emails and LinkedIn on December 13th.
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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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