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Mackenzie Investments 2024 Mid-Year Market Outlook: Fixed Income Opportunities, the Energy Transition and Innovation Continue to Drive Economy
Mackenzie Investments 2024 Mid-Year Market Outlook: Fixed Income Opportunities, the Energy Transi...
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[{"type":"text","content":"\n \n \n \n Mackenzie Investments 2024 Mid-Year Market Outlook: Fixed Income Opportunities, the Energy Transition and Innovation Continue to Drive Economy\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 3, 2024\n \n \n /CNW/ - Mackenzie Investments (\"Mackenzie\") today released its\n \n 2024 Mid-Year Market Outlook\n \n . The report offers insights for financial advisors and investors on key trends impacting financial markets this year and provides an economic outlook for the balance of 2024.\n \n \n \n \n \n \n \n \n \n In the report, Mackenzie states that global Gross Domestic Product (GDP) growth surged in the first of half of 2024, primarily driven by growth in the U.S. However,\n \n Canada\n \n has faced a weaker economic growth backdrop due to greater sensitivity to higher interest rates.  As a result, the Bank of\n \n Canada\n \n (BoC) is likely to reduce interest rates in the second half of 2024 in an effort to boost growth. In fact, the relative difference in growth rates between the U.S. and\n \n Canada\n \n could mean the BoC cuts more aggressively than the U.S. Federal Reserve.\n \n \n Further, the report notes that equities have remained resilient despite grappling with persistent inflation and rising bond yields, as the market looks toward the implications of earnings and positive economic outlooks.\n \n \n \"The global GDP growth trajectory, propelled by robust U.S. performance, underscores the resilience of the world's largest economy,\" said\n \n Lesley Marks\n \n , CIO of Equities, Mackenzie Investments. \"Looking ahead to the remainder of 2024, we expect global GDP growth to continue to hold, offering support for earnings growth, and an overall positive tailwind for risk assets such as equities.\"\n \n \n Mackenzie forecasts that the three key themes it identified in its\n \n 2024 Market Outlook\n \n will remain at the forefront of opportunities for investors for the remainder of 2024:\n \n \n \n \n Corporate and Sustainable Debt Underpin Fixed Income Op...