Canso January 2011 Market Observer

The Canso outlook for 2010 was for a recovering but slowly growing global economy with good financial markets. The Canadian and world economies indeed grew moderately without the dreaded “double dip” recession despite the Euro credit scare. The TSX had an excellent 17.6% re turn and the DEX Bond Universe turned in a solid 6.7%. This made us fairly accurate in our predictions for 2010. The picture for 2011, however, is more complicated. Despite the rally in the equity markets and rising bond market yields since September, we find the economic and market picture is more difficult to understand let alone forecast.

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Canso January 2011 Market Observer

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