Canada Chart Pack Canada Chart Pack (Jul. 2026) The outlook hinges on the outcome of CUSMA negotiations, with the Trump administration’s latest 50% tariff announcement underscoring the risks. For now, we still think an agreement will be reached at... 21st July 2026 · 1 min read
Global Commercial Property Update Housing wealth underpins demand for active adult communities Demographics are less favourable for active adult communities than care homes. However, high net housing wealth among older households will support demand, especially in markets with more older people... 21st July 2026 · 4 mins read
US Rapid Response US Outlines New Tariffs on Canada President Trump’s set of proclamations imposing 50% tariffs on goods imported from Canada are not as broad as the initial media reports suggest, with the included item codes covering only 5% of goods... 21st July 2026 · 3 mins read
Global Commercial Property Update UK commercial property investment to catch-up with US as rates fall back A divergence in risk-free interest rates in the UK and US since the end of 2024 has led to a marked difference in the level of commercial property investment between the two countries, in part because... 20th July 2026 · 3 mins read
US Chart Pack US Chart Pack (July 2026) We expect GDP growth to average 2.2% and 2.3% this year and next, driven by strong AI-investment and a rebound in consumption growth. The labour market appears to be stabilising, and we expect the... 20th July 2026 · 1 min read
Bonds Update Treasury curve inversion may be on the cards We expect the spread between 10- and 2-year Treasury yields to narrow further over the coming months, and we think that continued escalation in the Strait of Hormuz could lead to the curve inverting... 20th July 2026 · 4 mins read
Canada Rapid Response Canada Consumer Prices (Jun. 2026) The Bank of Canada will be pleased to see core price pressures remained subdued last month, even with some FIFA World Cup-related boost. With Governing Council reiterating their willingness to look... 20th July 2026 · 2 mins read
Asset Allocation Update Gold still has some value as a hedge Gold has arguably behaved more like a “risky” asset than a “safe” one lately, but we think it could still be a useful hedge against falls in equity prices under important, if limited, circumstances... 20th July 2026 · 5 mins read
Capital Daily Re-escalating war & AI scepticism a tricky mix for equities The return to war in the Strait of Hormuz may start to weigh more heavily on financial markets before too long, especially if even strong tech earnings reports continue to be met with scepticism. And... 20th July 2026 · 5 mins read
US Commercial Property Outlook Senior housing and retail lead the pack for 2026-30 returns Real estate returns over the coming years will be dominated by the income component, as an increase in cap rates to fully reflect the higher yield environment offsets support for values from rising... 17th July 2026 · 20 mins read
US Economics Weekly A month of soft inflation won’t assuage Fed’s concerns The softer-than-expected June CPI and PPI prints don't change the fact that price pressures remain elevated. Accordingly, we're sticking with our view that the Fed will hike interest rates as soon as... 17th July 2026 · 4 mins read
Canada Economics Weekly Venezuela not yet eating Canada’s oil lunch The renewed rise in oil prices is positive news for Canada’s oil sector, but the latest US import data highlight the longer-term risks from greater Venezuelan production. 17th July 2026 · 5 mins read
Capital Daily Banks and the bubble in AI Financials have been the best-performing ‘cyclical’ sector of the S&P 500 since the ongoing rotation out of information technology began on 2nd June. Indeed, they have been the second-best performer... 17th July 2026 · 4 mins read
US Rapid Response US Industrial Production (Jun. 2026) Despite the unchanged reading in June, second-quarter manufacturing output expanded at a solid 4.7% annualised pace, supported by booming production of hi-tech inputs for the AI buildout. The recent... 17th July 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Jun. 2026) Rebound in homebuilding not as good as it looks The strong rebound in housing starts in June wasn’t quite as promising the headline number suggests, as it was entirely driven by a surge in the... 17th July 2026 · 1 min read
China Economics Weekly Global views are shifting in China’s favour Public opinion favours China over the US in most major economies, according to survey data published by the Pew Research Center this week. That includes several countries that we classify as... 17th July 2026 · 5 mins read
