Summary
This document is a quarterly report titled 'Global Markets Compass' for Summer 2025, providing a detailed market and economic breakdown as of June 30, 2025. It outlines the performance of various asset classes, including equities and fixed income, while also reviewing the Canadian economy's current state. The report indicates a decline in Canadian GDP and an increase in unemployment, alongside fluctuations in the Canadian dollar and trade deficits. It presents a market review that includes insights into Canadian, US, and international equity markets, highlighting sector performances and trends. The report also discusses the strategic outlook of CIBC Asset Management, emphasizing a risk-on investment stance despite short-term market volatility due to trade tariffs. Additionally, it addresses the likelihood of a global economic slowdown while suggesting that a recession may be avoided, supported by policy measures in Canada and Europe. The document includes charts summarizing performance metrics for various asset classes.
