In the media
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We believe a Biden presidency would result in larger fiscal stimulus, larger deficits, and faster depreciation of the U.S. dollar, says Philip Petursson, Chief Investment Strategist at Manulife Investment Management. Talking with Yahoo! Finance, Philip notes that elections don’t historically have much effect on stocks, but a Biden win could be better for the TSX because of his trade policies.
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Wealth Professional interviewed John Natale, Head of Tax, Retirement, and Estate Planning at Manulife Investment Management, about how fiscal measures related to the COVID-19 pandemic could affect some Canadians’ 2020 tax returns. John remarks that people who’ve received the Canada Emergency Response Benefit (CERB) may not understand that it counts toward their taxable income.
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Serge Lessard, Regional Assistant Vice President of Taxation, Retirement, and Estate Planning at Manulife Investment Management, says that 2020 will be a different fiscal year from past years. In an interview with Finance et Investissement and Conseiller, Serge discusses the potential effects of fiscal measures related to the COVID-19 pandemic on Canadians’ 2020 tax returns. (French only)
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In a Globe and Mail article, Frances Donald, Global Chief Economist with Manulife Investment Management, discusses the possibility of increased tax because of federal government spending related to COVID-19. She reasons that taxes aren’t going to rise yet because the cost of carrying debt is more important than the amount — the cost of carrying debt next year will be lower than this year.
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In an article for Wealth Professional, Catherine Milum, Head of Wealth Sales Canada with Manulife Investment Management, highlights how advisors can use behavioural economics (BE). Recapping some points from a recent Manulife-BEworks webinar, Catherine says it’s important that advisors recognise biases that affect investors, as well as resist the temptation to flex their investment knowledge.
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Frances Donald, Global Chief Economist and Global Head of Macroeconomic Strategy, and Philip Petursson, Chief Investment Strategist and Head of Capital Markets Research, both with Manulife Investment Management, talk to CBC News about why the stock markets are up in the middle of a major economic downturn. Philip says the sheer amount of fiscal and monetary support is a key factor. Frances adds that we’re heading into “an environment that necessitates large-scale, continuous stimulus."
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In an interview with Steve Paikin on TVO’s The Agenda, Frances Donald, Global Chief Economist with Manulife Investment Management, shares her views about the relationship between the Canadian economy and the markets. She says that companies may do better if the economy is doing better, “but it’s not as simple as saying the stock market is the economy.”
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“We’re in the middle of a paradigm shift away from a massive economic theme that defined the last several decades and moving into a new environment,” says Frances Donald, Chief Global Economist with Manulife Investment Management. Frances speaks with CBC News about the effects of globalization and de-globalization on the economy.
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Jamie Robertson, Senior Managing Director, Head of Asset Allocation, Canada, and Global Head of Tactical Allocation at Manulife Investment Management, talks with Kris McCusker of 680 News about navigating the current landscape of market volatility. Jamie says that most Canadians are investing for retirement and probably have a longer investment time horizon than they think, which is to their advantage.
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In a BNN Bloomberg article, Philip Petursson, Chief Investment Strategist with Manulife Investment Management, talks about the relationship between oil markets and the Canadian and U.S. dollars. Philip says we should see the Canadian dollar strengthen against the U.S. dollar — influenced by oil prices — but American monetary policy could also play a key role in determining which direction the U.S. dollar will go.
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