Today on the program, Director of ETFs Andrei Bruno shares his insights on the  capital market playbook for the second half of 2023.  Andrei speaks about the inflation story and how it may change and he also points out the different indicators he’s looking at that may potentially move the markets.  He says inflation is heading in the right direction. With Canadian consumers much more sensitive to interest rate hikes than their US counterparts. He believes the Bank of Canada is more hawkish and says we won’t see the interest rate going down anytime soon, maybe sometime in 2024. In terms of market factors, he’s keeping an eye on import-export data, employment numbers, and GDP.  The main goal is to get that number to 2 per cent or below but banks do not want to push the economy into a hard landing scenario. Andrei also discusses the inverted yield curve, the state of the equity market and if people are taking on more risk at this point in time.

Recorded on July 31, 2023.

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