Audio commentary: Unraveling the uncertainties

Despite potential headwinds, we are generally constructive on Canadian markets, though we expect less outperformance in credit.

The dollar’s role in the global economy is evolving, and its “exorbitant privilege” looks to be as well. We examine the greenback’s role as the reserve currency and the implications of the world’s changing currency appetites.

Trade and internal tensions are likely to play key roles in 2025, as potential tariffs and political disruptions cloud the picture.