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Canada Outlook - October 2023

Maintaining positive outlook, but choppy global waters encourage our defensive stance
19 October 2023
    Download the full reportPDF, 1.43MB

    Canada Outlook October 2023

    • Both the Canadian and US equity markets finished the third quarter slightly lower after rising and falling over the last three months
    • Fears of higher interest rates acting as a drag on future economic growth was the primary driver
    • The inflation picture is continuing to improve in developed markets, but sticky core inflation raises the probability of small additional rate hikes
    • The phrase “higher for longer” has emerged as the dominant view when it comes to describing the interest rate outlook in most markets

    Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution. The net asset values of all mutual funds, including the Funds, change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Read more