CIO Office 

Learn more about the markets, the economy and current trends in the financial industry.

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The return of Donald Trump | Quick Take | November 6, 2024

After months of a campaign full of twists and turns, it was finally Donald Trump who was chosen as the next President of the United States by a majority of American voters. On the markets, the initial reaction aligned with expectations for a decisive Republican victory. With this in mind, let's take a brief look at some of the key issues from an investor's perspective.

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The day after tomorrow | Asset Allocation Strategy | November 2024

On the eve of the American presidential elections, the markets are showing some nervousness. While the markets are showing some nervousness, the impact on investors over the past month has been limited. As the spotlight turns to the U.S., see what our CIO Office is monitoring.

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Thumbnail of the section Long-Term Market Expectations

Long-Term Investment Perspectives | Fall 2024

In this semi-annual update, the projected annual return for a benchmark balanced portfolio over 5 years is 5.9%, down form the 7.5% achieved over the past 5 years. This forecast is slightly lower than the 6.1% anticipated last spring. Explore long-term market expectations for major asset classes across 5-year, 10-year and 30-year investment horizons.

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Thumbnail of the section Long-Term Market Expectations

Myths and Realities | As of September 30, 2024

Staying on the sidelines waiting for a market correction? Are rate hikes bad for stocks? Does stock performance correlate with the political party in power? These are some of the common investment beliefs that our CIO Office fact-checks and puts into perspective.

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Landing underway | Base-Case Scenario | Fall 2024

The third quarter brought good news for investors, with considerable gains in most asset classes, although equities were confronted with much higher volatility than in the first half of the year. In the face of this turbulence, several lagging market segments managed to make up ground, as was the case not only for Canadian equities, but also for bonds, which performed particularly well over the period.

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Tactical asset allocation: Introducing NBAAM | Strategic report | April 2024

To guide its tactical asset allocation decisions, our CIO Office has been using the A3 model since 2018, the objective of which was to translate a series of macroeconomic and financial indicators into a risk-taking recommendation over a tactical horizon. This report introduces its successor, the NBAAM (National Bank Asset Allocation Model,) which offers broader coverage of global macroeconomic conditions through a distinctive methodology.

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