The Living Market Podcast

← The Living Market Podcast20 aug · 12 min

The case for rate cuts is shrinking

The case for rate cuts is shrinking20 aug12 min

What if the Bank of Canada's next move is not a cut? Philip Petursson, Chief Investment Strategist at IG Wealth Management, makes the case that the conversation around Canadian interest rates has shifted fundamentally. With the economy improving, the mortgage renewal shock easing and inflation showing signs of moving in the wrong direction, he explains why the balance of risk is now tilting toward higher rates and what that means for bonds, the Canadian dollar and investor portfolios.