Economic Impact - A Post-US election rally

Markets have delivered positive returns across all asset classes, fueled by multiple expansions and elevated forward P/E ratios. Meanwhile, the yield curve, which had been inverted for two years, has now steepened as long-term rates rise despite short-term rate cuts, creating a unique and complex economic environment. The divergence in economic performance between the US and Canada is becoming increasingly pronounced, the latter struggling with higher unemployment and a weaker currency.