Contact Us Gluskin Sheff & expanding wealth management. INSIGHTS As the Federal Reserve and Bank of Canada taper, what are the risks for markets? READ MORE INSIGHTS Year-end tax planning: Top strategies for Canadians READ MORE Gluskin Sheff. Why Gluskin Sheff Wealth Planning Investment Management Our Team Events & Education Insights © 2021 GLUSKIN SHEFF. ALL RIGHTS RESERVED. E&OE. ABOUT US CONTACT US LEGAL

Contact Us MENU An Introduction Gluskin Sheff is one of Canada’s pre-eminent wealth management firms. Founded in 1984 and serving established individuals, families and institutions, we are dedicated to enhancing the lives of our clients through meaningful wealth management and the highest level of personal service. As an Onex company, Gluskin Sheff provides access to a highly diversified suite of public and private investment products. Gluskin Sheff. Why Gluskin Sheff Wealth Planning Investment Management Our Team Events & Education Insights © 2021 GLUSKIN SHEFF. ALL RIGHTS RESERVED. E&OE. ABOUT US CONTACT US LEGAL

Contact Us MENU As the Federal Reserve and Bank of Canada taper, what are the risks for markets? INSIGHTS NOVEMBER 2021 The U.S. Federal Reserve (Fed) signalled on Nov. 3 it will commence tapering its bond purchases by US$15 billion per month, and global markets are now grappling with the realities of a gradual withdrawal of much of the liquidity that has underpinned the asset price recovery taking place over the past year. The Fed’s decision follows a faster-than-expected inflation recovery that—boosted by unexpected disruptions to the global supply chain —has forced policymakers to shorten their timeline to stimulus withdrawal and eventual interest rate hikes. The Bank of Canada (BoC) in October sent ripples through the market as it announced it would end its pandemic bond-buying program and signaled it could raise rates as early as the first quarter of next year, bringing forward its own timeline by several months. The anticipation of these announcements had already had a significant impact on two-year bond yields, especially in Canada, Australia and the UK, due to the clear signs of tightening central bank policy over the coming several months. SHARE Share on Twitter Share on LinkedIN Share by Email Gluskin Sheff. Why Gluskin Sheff Wealth Planning Investment Management Our Team Events & Education Insights © 2021 GLUSKIN SHEFF. ALL RIGHTS RESERVED. E&OE. ABOUT US CONTACT US LEGAL