Wesley Blight

Wesley Blight, CFA, CIM, FCSI, is an Assistant Vice President with the Investment Management and Strategy team at MD Financial Management. He is responsible for the investment results of the firm’s fixed income and multi-asset products.

  • The Bank of Canada holds rates steady, citing world trade concerns

    The Bank of Canada holds rates steady, citing world trade concerns

    The Bank of Canada says Canadian growth exceeded expectations but escalating trade conflicts are taking their toll on the global economy.

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  • The Bank of Canada holds rates amidst trade tension worries

    The Bank of Canada holds rates amidst trade tension worries

    Trade tensions, global economic uncertainty leads the Bank of Canada to hold interest rates steady

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  • No surprises: The Bank of Canada maintains target overnight rate as economic data remains in line with April Monetary Policy Report

    No surprises: The Bank of Canada maintains target overnight rate as economic data remains in line with April Monetary Policy Report

    No surprises in the latest rate announcement from the Bank of Canada as economic data remains inline with expectations from the Bank’s April Monetary Policy Report.

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  • The Bank of Canada is unlikely to raise rates any time soon

    The Bank of Canada is unlikely to raise rates any time soon

    As expected, the Bank of Canada didn’t raise interest rates this week and have indicated that they won’t be raising any time soon. We take a look at the BoCs rationale and its latest Monetary Policy.

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  • As expected, the Bank of Canada holds interest rates steady

    As expected, the Bank of Canada holds interest rates steady

    The Bank of Canada announced today that it is holding interest rates steady—for the time being. Going forward, it says rates will need to rise at least 0.75% to reach a more neutral range.

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  • Recapping Mr. Poloz’s last speech of 2018: Rate hikes are warranted going forward

    Recapping Mr. Poloz’s last speech of 2018: Rate hikes are warranted going forward

    The Bank of Canada (BoC) announced last week that it will maintain its target for the overnight interest rate at 1.75%.At a CFA Society Toronto breakfast, Bank Governor, Stephen Poloz...

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  • As expected, the Bank of Canada increases rates to 1.75%

    As expected, the Bank of Canada increases rates to 1.75%

    Expectations were confirmed when the Bank of Canada (BoC) increased their overnight lending rate to 1.75%, the third 0.25% increase for 2018. While the bank has reiterated that future...

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  • Rising rates are a long-term investor's friend

    Rising rates are a long-term investor's friend

    Historically low interest rates were a lifeline thrown by central banks to help keep economies afloat through the global financial crisis. Ten years later, as the economic outlook rallies, we are...

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  • Bank of Canada takes a pause – holds rates steady

    Bank of Canada takes a pause – holds rates steady

    On September 5, 2018, the Bank of Canada maintained the overnight rate at 1.50% while pointing to further rate increases in the near future based on strong economic and labour conditions.

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  • Bank of Canada rate hike signals healthy Canadian economy

    Bank of Canada rate hike signals healthy Canadian economy

    As expected, the Bank of Canada (BoC) raised interest rates to 1.50% from 1.25% this morning. In the official announcement released earlier today, the BoC cited solid global growth which is in...

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  • The Bank of Canada Holds Its Key Interest Rate Steady

    The Bank of Canada Holds Its Key Interest Rate Steady

    As expected, the Bank of Canada (BoC) announced it is holding its key interest rate steady at 1.25% and further validated our expectations for more rate hikes in 2018. The announcement...

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  • Interest Rates Hold Steady: Bank of Canada

    Interest Rates Hold Steady: Bank of Canada

    Although it says higher interest rates will eventually be required, the Bank of Canada announced Wednesday that it is holding its overnight lending rate steady at 1.25%.

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  • Bank of Canada: No change to interest rates at this time

    Bank of Canada: No change to interest rates at this time

    As expected, the Bank of Canada today left the overnight interest rate target unchanged at 1.25%.

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  • Interest Rates Are on the Rise. Here’s Why.

    Interest Rates Are on the Rise. Here’s Why.

    As expected, the Bank of Canada (BoC) raised its overnight interest rate on Wednesday, January 17, from 1% to 1.25%.

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  • Interest Rates on Hold. Why, and What Does it Mean for You?

    Interest Rates on Hold. Why, and What Does it Mean for You?

    On December 6, the Bank of Canada (BoC) held firm on its target for the overnight interest rate at 1.0%, as was widely anticipated by the market. What does it mean for you?

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  • Why Moody’s Downgrade of Canadian Banks Didn’t Keep Me Up At Night

    Why Moody’s Downgrade of Canadian Banks Didn’t Keep Me Up At Night

    Did you all catch the big news headlines roughly two weeks ago when Canada’s big six banks had their credit ratings downgraded by Moody’s? According to Moody’s, the downgrade reflects its “ongoing...

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  • Teck Resources: How We Manage a Highly Volatile Stock

    Teck Resources: How We Manage a Highly Volatile Stock

    I’d love to tell you a story about how we bought Teck Resources (TSX: TECK.B) in January 2016 when it hit a low of $3.80, and sold it in November 2016 when it reached a high of $35.02—a rise of...

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  • Sounding the Alarm on Canada’s Debt: Are Our Banks at Risk?

    Sounding the Alarm on Canada’s Debt: Are Our Banks at Risk?

    You may have heard about a recent report that flags Canada as being at risk of a financial crisis. The Bank for International Settlements’ (BIS) latest Quarterly Review, released on March 6, ranks...

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  • Why I’m Blaming Trump for my Cheaper Bowl of Shreddies

    Why I’m Blaming Trump for my Cheaper Bowl of Shreddies

    Last fall, I was in New York for an investment conference hosted by the Center for Financial Stability.  Speakers included world-leading asset managers, academics and policy makers – an exciting...

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  • Interest Rates are on the Rise but so are Future Returns

    Interest Rates are on the Rise but so are Future Returns

    By Wesley Blight, CFA, CIM, FCSIPortfolio Manager, Fixed Income Earlier this week, when some of the big banks started raising rates on mortgages and other loans, I tried hard to sound empathetic...

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