Insights Market And Economic Outlook

What a Trump presidency means for the Canadian economy

Chief Economist Avery Shenfeld provides expert analysis on the outcome of the U.S. election and its potential effects on markets.

Avery Shenfeld Nov. 29, 2024 5-minute play time

Key highlights from the video

Market reaction: U.S. equities and bonds saw positive movement, while global equities felt pressure from trade barrier concerns.
Tariffs and interest rates: Higher trade barriers could slow growth, prompting more interest rate cuts globally, but fewer cuts are likely in the U.S.
Equity outlook: U.S. equities may rise but face slower growth due to inflation and policy shifts. In Canada, specific sectors could see benefits from new policy shifts.
Key takeaway for investors: Diversification remains key amid uncertainties with the U.S. economic policy.

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Presented by

Avery Shenfeld, Ph.D.
Managing Director and Chief Economist, CIBC Capital Markets