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For investors, ‘a great opportunity to increase their energy weighting’: Scotiabank analyst

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Morgan Stanley US strategist Michael Wilson believes markets could rally in the near term, but it won’t last “The short-term rolling correlation between equities and real yields is now deeply negative once again… this recent decline in bond yields has …

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Bank of Canada needs more restrictive interest rates to control runaway inflation

People shop at a Walmart Supercentre in Toronto on March 13, 2020. Canadian inflation accelerated to the highest rate in nearly four decades in May as calls broaden for policy-makers to find new ways of curbing runaway price growth.CARLOS OSORIO/Reuters With every new inflation report, the job facing the Bank of Canada gets that much …

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Bank of Canada says high inflation ‘keeping us up at night’

Bank of Canada Senior Deputy Governor Carolyn Rogers said on Wednesday that inflation in Canada was much too high and did not rule out a 75-basis-point increase at the central bank’s July decision. “We know inflation is keeping Canadians up at night. It’s keeping us up at night,” Rogers said at an event organized by …

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Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March …

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Monthly payments on variable-rate mortgages could increase as borrowers near their ‘trigger rate’

An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers as the Bank of Canada aggressively hikes interest rates. It’s called the “trigger rate” – the interest rate level that, when surpassed, causes a mortgage holder’s monthly payments to change. The trigger rate has been largely ignored …

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