We continue to be constructive on China and Japan equities, notwithstanding lingering trade risks with the U.S. In fixed income corporates, we prefer higher-quality credits.
Elevated gold prices should continue to support the TSX, while ongoing tariff uncertainties have us tilting toward perceived less risky categories within fixed income.
The worst of the tariff volatility seems like it’s blown over. Markets are now focussed on the remaining tariffs that are in place and their impact on domestic economic trends and Fed policy.
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