Time to start thinking defensively, says UBS
With TSX market potential limited, earnings certainty is gaining in importance
- By: James Langton
- January 18, 2013 January 18, 2013
- 14:45
With TSX market potential limited, earnings certainty is gaining in importance
Strong sales add boost to weak economy
Resource sector growth will be slower
Emerging markets hold opportunities for investors willing to take on risk
Jobless rate hit new record high the euro area, but fell in North America and Japan
Underperformance of the U.S. stock market expected to continue
Fund managers shifting money to equities from bonds
Canadian firms look to better sales, more hiring
Economic growth firming in U.S. and Britain
Despite the mildly optimistic outlook for Europe’s economy, many risks remain
Improving U.S. economy would boost Canadian growth
Dollar dips on fewer housing starts
Moody’s forecasts rate to rise modestly to 3% by the end of 2013
Annual inflation eases in Canada, the U.S. and key European countries
The possibility of higher interest rates clouds Canada’s economic outlook
Regulators have widened the liquid asset criteria
Spread of loss among individual insurance companies means losses to insurers are manageable
Provincial spending cuts are likely to derail market expectations calling for a rate hike in 2013, say NBF economists
Commitments expected to rise to US$9 billion in 2013
Settlement would allow the banks to refocus management attention on their core, non-U.S. private banking operations
There is more of a deflationary than inflationary tone to the economic environment
Rising regulatory costs, low rates and weak valuations may force firms to consider alternatives
U.S. debt limit will have to be raised in February or early March