The Canadian Investor The TSX Hits $6 Trillion While TMX Has a Monster Quarter
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Nov 6, 2025 Discover key insights on the recent rate cuts from the Bank of Canada and the Fed, and their differing messages for investors. Dive into the impressive performance of TMX Group with notable revenue growth and strategic enhancements. Hear alarming details about Allied Properties’ declining metrics and potential distribution cuts. Franco-Nevada shines with record revenues and a debt-free status, while discussions of the Cobre Panama project hint at significant production boosts ahead. Join the conversation on the TSX hitting a staggering $6 trillion!
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BoC Shifts To Data-Dependent Support
- The Bank of Canada cut rates but signaled they may be done and will remain data dependent.
- The focus has shifted from fighting inflation toward supporting growth and watching unemployment.
Fed Cuts But Signals Caution
- The Fed cut 25 bps but Powell warned December cuts weren't guaranteed, reducing market's near-term cut odds.
- Ending QT on Dec 1 signals the Fed stopping balance-sheet shrinkage and sets the stage for future QE if needed.
Position For QE Restart Carefully
- Watch for the restart of QE as the next big market catalyst because it increases liquidity for financial assets.
- Balance QE's liquidity boost against the drag from a weakening economy when positioning portfolios.