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Few policy decisions have the far-reaching consequences of trade policy.

Highlights:

• Trade wars have historically worsened economic downturns, raising costs and disrupting global trade.
• Despite recent challenges, Canada’s economy shows signs of recovery with positive effects from the Bank of Canada’s rate cuts.
• We remain overweight on equities, focusing on U.S. and Canadian markets due to favourable earnings and the positive impact of deregulation.

Your experts   Sébastien Mc Mahon, MA, PRM, CFA Chief Strategist, Senior Economist and Vice-President, Asset Allocation & Portfolio Manager Follow Sébastien Mc Mahon on          Alex Bellefleur, MA, CFA Senior Vice-President, Head of Research, Asset Allocation     Tuyen Tran, M.Sc., CFA Senior Analyst, Asset Allocation and Economics

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"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.