Verus Financial

Are you too invested in what’s familiar?

Many investors fall into home bias—overweighting stocks from their own country while missing global opportunities. 🌍 Diversification matters! Don’t let comfort limit your portfolio’s potential.

Read our latest blog post “The Canadian Home Bias In Investing: Why Going Global Matters” for a full breakdown.

For the second time, the Bank of Canada lowered the target for the overnight rate by 25 basis points, a decision in line with the consensus and market expectations.

The rate reduction brings the policy rate to 4.50%, fully unwinding the two rate hikes delivered in June and July 2023. This move also pushes the BoC’s policy rate 100 bps below the Federal Reserve’s (based on the upper bound target), marking the largest negative gap since the late 1990s. Despite the consecutive cuts and upward pressure on CORRA, balance sheet normalization will continue.