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Why this money manager is venturing back into emerging markets and adding more U.S. tech [Globe and Mail, The (Toronto, Canada)]
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and insights, the week's top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our homepage Some market watchers have downgraded their forecasts for the number of interest rate cuts coming this year from six or seven to two, or maybe even none. However, money manager Andrew Pyle is sticking to his initial prediction of two or three cuts for 2024. “Earlier this year, we were in the minority because of how few cuts we anticipated, while now we're in the minority on the other side,” says the portfolio manager and senior investment advisor at CIBC Wood Gundy, who oversees about $240-million in assets. He believes the Bank of Canada will be more proactive with rate cuts while the U.S. Federal Reserve Board may be more reticent to make major monetary policy changes ahead of that country's fall presidential election. “We'll see what the economic numbers show in the coming weeks, but there's a lot more flexibility for the Bank of Canada to adjus
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- INTC CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Intel Corporation[Business Wire]
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Intel Corporation (INTC) Investors[Business Wire]
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