Posthaste: With central banks in dovish mode, the bulls are in charge in a ‘late cycle’ market rally

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How worried is Stephen Poloz about the Canadian economy? We will find out at 10 a.m. ET

Good morning!How long can the gravity-defying rally continue, investors are asking, as Canadian and U.S. markets scale new heights? Investment bank UBS Group AG believes while the U.S. business cycle has transitioned to the late stage, “the good news is that the economy can be late cycle for a long time.” Robust Facebook and Microsoft’s earnings after markets close today could further fuel investor sentiment.

The Financial Post kicks off Down to Business today, a brand-new podcast, aimed at at tackling the hottest topics in Canadian business. Each week, host Emily Jackson will speak to key industry players to break down the biggest stories happening in Canadian business — from pot to pipelines, real estate to international trade wars.Canadian yoga-pants specialists Lululemon Athletica Inc. on Wednesday forecast annual revenue growth in the low teens for the next five years.

 

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