Relative calm settled in the markets during the second quarter of 2023, providing some respite for investors after a prolonged period of high volatility. Indeed, apart from the good performance of the US stock market and especially its technological giants, the main asset classes ended the period without major changes, with bonds slightly underperforming equities.
In 2022, inflation has taken a prominent place in the economic news, a trend that continues into the start of 2023. Rapid price increases have caused serious concern among consumers.
Tax Guide 2022 - Québec
At this time last year, the main theme of our market review and our annual outlook was the impending shift in central banks’ policies, but little did we know that the American Federal Reserve (Fed) and the Bank of Canada would take such drastic measures in 2022 to deal with persistent inflation.
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Making a personal budget allows you to better understand your spending habits and make adjustments as needed. Beyond structuring your finances, a good budget will help you prepare for the unexpected and save money for the goals that are important to you.
Investors endured quite a roller coaster ride in the third quarter. Indeed, after a sharp rise for equities in the first half of the period, the decline that began at the end of August accelerated in September, thus bringing the vast majority of assets into negative territory for a third consecutive quarter.
After a period of consolidation in early June, market volatility has returned over the past few days. The S&P 500 Index hit its lowest level since January 2021 while benchmark bond yields (U.S. 10-year yields) have reached a new high of nearly 3.48%.
Just as we emerged from another wave of COVID-19 earlier in the year, the world outlook was thrown a new spanner in the form of Russia’s unprovoked invasion of Ukraine. Inflation was sitting at an uncomfortably high level even before Russia’s moves against its neighbour country.
Provincial Budget 2022-2023
Federal Budget 2022-2023
Tax Guide 2021 - Québec