🇺🇸Fed ‘s plan to phase out reinvestment of maturing securities &slowly shrink bal sheet lowers risk of -ve mkt shock as int rates normalize.

Ongoing oil price volatility, trade policy uncertainty &the possibility of a housing downturn may move Bankof🇨🇦 to cut rates later this year

Can we anticipate another 🇺🇸interest rate hike in June? Weakness in inflation (<2%) is being offset by decade low unemployment rate of 4.4%.

Great dinner last night w/ Jonathan Popper Sr PM @ManuSecurities & @JFMarchildon discussing 🇨🇦value equity investment strategy &outlook.

Recovery in 🇺🇸business investment is an encouraging sign. With business &consumer sentiment high GDP growth may pick up over coming months.