Join Matthew Strauss, Vice-President and Portfolio Manager, as he shares his views on the currency market, particularly the US dollar and Canadian dollar.
Currency Update – Fall 2018
As summer wraps up and students head back to school, the Signature team is pleased to offer their own...read more
How has the global financials sector fared in the first half of 2018? Here are my key takeaways on the recent performance of North American and European banks, as well as what we expect may be in store for each.Signature’s long-term investment thesis that U.S. banks could generate superior dividend growth from the lows of 2010 is playing... read more
The Trump administration has backed off from further tariffs against Europe and other allies for now. This is a market positive, particularly for those most affected by trade. The auto sector is particularly vulnerable to tariffs on cars and auto parts given the global supply chain and the fact that Germany sells many cars to the U.S.
Following last year’s positive upswing in GDP growth and the associated windfall to government finances in Canada, many of the nation’s provincial governments have come face to face with some moderation in the economic outlook, and have launched into a phase of late-cycle fiscal stimulus. Ontario had signaled a shift in this direction...read more
Amid a backdrop of controversial tweets out of the White House, geopolitical risks and trade war angst, market volatility is surging and the potential outflow from emerging markets (EM) has heightened. In Signature’s view, both these factors – which pose the biggest risks for EM investors – are being driven by tighter global financial...read more
On May 29, 2018, the Government of Canada announced that it is prepared to purchase a variety of assets (most notably the Trans Mountain Pipeline System, including its planned expansion) for $4.5 billion from Kinder Morgan Canada (KML), which is 70%-owned by Texas-based Kinder Morgan Inc. (KMI). Certain mutual funds managed by...read more
The difference between short-term and long-term yield in the U.S. and Canada is the narrowest in a decade. The flatness of the yield curve has been the subject of financial media coverage as a recessionary sign. This article summarizes our research on the meaning and impact of a flat yield curve on financial markets.
Why a...read more
Co-author: Gorlen Zhou
As of June 2018, several onshore Chinese stocks – so-called A shares – will be included in the widely followed MSCI Emerging Markets Index and MSCI All Country World Index; but don’t be swept up by the hype and marketing gimmicks surrounding the event. The...read more
Since the announcement by Kinder Morgan that it would suspend construction on its Trans Mountain Expansion Project, there have been many calls for further action by the federal or Alberta governments to ensure that the project is built. This is a matter of national priority given the stakes involved – billions of dollars and thousands of jobs,...read more