Bulletin Trimestriel Q4 – 2017

December 31, 2017

Une croissance économique mondiale synchronisée, des bénéfices des entreprises en forte expansion, l’adoption d’une réforme fiscale majeure aux États-Unis et des tensions géopolitiques qui s’apaisent quelque peu ont marqué l’actualité économique et politique du quatrième trimestre. Tout cela a permis la poursuite de la hausse des marchés boursiers et a poussé en fin d’année l’indice S&P 500 à 2674, soit un gain d’environ 20 % depuis un an, un résultat certainement supérieur aux attentes des stratèges financiers les plus optimistes.

Quarterly Bulletin Q3 – 2017

September 30, 2017

Economies are doing very well, thank you. In spite of the expected impact from the hurricanes, the U.S. economy’s growth in the third quarter surprised most observers, reaching 3% according to the initial estimates of the U.S. Department of Commerce. Growth in the previous quarter stands at 3.1%. In Canada, even though we knew that the 3.7% and 4.5% growth achieved in the first two quarters of 2017 was unsustainable, the projected rate for the third quarter is still 2%. So the final figure for 2017 is expected to be approximately 3%. Annualized growth of the global economy now stands at around 3.7%, and the manufacturing indicators (global PMIs) are almost systematically reaching unprecedented highs.

Quarterly Bulletin Q2 – 2017

June 30, 2017

The replacement of the Affordable Care Act (Obamacare) would have funded significant tax cuts in the U.S. and underpinned both economic growth and investors’ enthusiasm.

Quarterly Bulletin Q1 – 2017

March 31, 2017

Donald Trump’s arrival in the White House has had an impact on markets as much as minds. The spectacular market surge that began the day after the November 7 election returned in a second wave in February following his inauguration as 45th President of the United States of America. But after a few weeks, it became evident that he would face an uphill battle turning rhetoric into action.