"So I expect that, certainly for a large part of 2023, for there to continue to be uncertainty and volatility in equity markets and interest rates," he said.
It's still unclear whether or not the Bank of Canada is done hiking its benchmark interest rate. Governor Tiff Macklem has said the central bank is on pause, as long as the economy unfolds as it expects, but market data now show the odds of yet another rate hike in the summer are increasing. Historically though, Asia, and its expanding middle class, has been a massive source of earnings growth for Canadian life insurance companies.
m_zadikian So... The CEO knows basic math.
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