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Luc de la Durantaye joined CIBC Asset Management Inc. in December 2002. Mr. de la Durantaye is leader of the Global Asset Allocation team, operating from within the firm’s Investment Management Platform.
Holding cash and waiting for buying opportunities may still be a good strategy.
Higher bond yields, lower equity prices provide better starting point in 2023.
Until the Fed pauses, expect the greenback to outperform.
CIBC Asset Management’s CIO says there could be earnings pain ahead.
Shocks to the global economy make inflation hard to predict.
While bonds are more attractive, equities could be in for another difficult period.
Investors should be thinking more defensively, CIO says.
Luc De la Durantaye, Chief Investment Strategist and CIO, CIBC Asset Management
Central banks are managing 'a very narrow landing strip,' CIO says.
Commodity prices and global growth should support the Canadian dollar.