Elections Have Consequences
In his Q4 2024 update, Blair Setford highlights a strong year for equity investors, with records set across the globe.
Key developments, including Donald Trump’s U.S. presidential win and Republican congressional control, are expected to have global effects that will last well into the future.
In Canada, Blair notes that the TSX saw its best performance since 2021, gaining over 21%, but weaker economic growth led the Bank of Canada to cut rates to 3.25%. This divergence from U.S. rates may weaken the Canadian dollar, and Canada faces uncertainty over the near term in addressing U.S. policy challenges.
The outlook for U.S. markets remains optimistic despite high valuations, though potential tariffs and domestic policy changes could disrupt global economies. Globally, concerns about Ukraine and Middle East tensions persist.
Looking forward, Blair encourages investors to maintain a long-term strategy during these uncertain times and recommends consulting an advisor with any questions on how best to position portfolios for 2025.
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