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Our reading of the Bank of Canada’s (BoC) latest communications is that the governing council is preparing a breath of fresh air for the suffocating Canadian economy.

It’s been about two years since global central banks embarked on one of the swiftest monetary tightening cycles in modern history, aiming to tame inflation by holding back economic growth.

The markets have been keeping a close watch on central banks across the globe, monitoring their policy decisions and reacting accordingly. Looking forward to 2024, we think the tried-and-tested Taylor rule — a useful tool for an understanding of the drivers of monetary policy — could offer hints on the dynamics that lie ahead in monetary policy land. 

With their enviable rates, our guaranteed interest funds and high interest savings account remain popular in a climate of stock market uncertainty. However, a balanced strategy that includes other investment options can maximize your clients’ investment potential.

Factors such as healthy lifestyles and medical advances have resulted in a steady increase in life expectancy.