Dates and Data Points for June
Tell Us How We’re Doing
Please be on the lookout for an email survey from JCIC Asset Management this month. We’d very much appreciate your feedback on our client communications program and outreach efforts. Your input will play a valuable role in how to best serve you going forward.
Dates to Watch
Friday, June 9 – Canadian Labour Force Survey for May (Statistics Canada)
Tuesday, June 13 – U.S. Consumer Price Index, May (U.S. Bureau of Labor Statistics)
June 13-14 – U.S. Federal Open Market Committee meeting (U.S. Federal Reserve)
Thursday, June 15 – May retail sales, U.S. (U.S. Bureau of Labor Statistics)
Wednesday, June 21 – Canadian retail sales, April (StatsCan)
Tuesday, June 27 – Canadian Consumer Price Index for May (StatsCan)
Thursday, June 29 – U.S. first quarter Gross Domestic Product (GDP) (U.S. Bureau of Labor Statistics)
Friday, June 30 – April GDP, Canada (StatsCan)
– BoC Business Outlook Survey (Bank of Canada)
For more information about any of the above or to inquire about your account or setting up a new one, please book an appointment here. A JCIC relationship manager will follow up.
What we’re reading…
Noteworthy and notable articles, reports and other writings that caught our eye this past month (links may be paywalled. Please get in touch if interested in following up.):
Was May the Federal Reserve’s Last Rate Hike? – U.S. interest rates are now at their highest since 2007, but Morningstar expects hefty rate cuts in 2024 and 2025. – Morningstar.ca
Soft Landing Believers Have Hope – The group of economists who’ve been maintaining that the US can avoid a recession, despite the most aggressive interest-rate tightening in decades, can breathe easier for the moment. – Bloomberg
Canada’s Inflation Unexpectedly Rises in April, Upping Rate-Hike Pressures – Canada's annual inflation rate rose for the first time in 10 months, adding pressure on the central bank to raise interest rates again after having paused its tightening campaign. – Reuters
China’s Fading Recovery Reveals Deeper Economic Struggles -- China’s economy gathers speed, global risks raise challenges to outlook – Ballooning debt, tepid consumption and worsening relations with the West to weigh on growth, economists say. – WSJ.com
How Japan Got Its Swagger Back – Helped by an escape from decades of deflation, the stock market is at a 33-year high and the economy rebounding. But can this rally last? – FT.com
NEWSLETTER
Disclosure:
Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The opinions expressed in the newsletter are those of JCIC Asset Management, its editors and contributors, and may change without notice. Any views or opinions expressed in the newsletter may not reflect those of the firm as a whole. The information in our newsletter may become outdated and we have no obligation to update it. The information in our newsletter is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. We strongly advise you to discuss your investment options with your Relationship Manager prior to making any investments, including whether any investment is suitable for your specific needs.
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