Bond Bull in a Bearish World: Why This Investor Sees Opportunity for Canada Amid Tariffs

In the Money with Amber Kanwar · Jul 17, 2025 · 39m

Earl Davis is optimistic—and that's rare for a bond investor. In this episode of In the Money with Amber Kanwar, the Head of Fixed Income at BMO Global Asset Management shares why he believes both the U.S. and Canadian economies are stronger than many think—and why fears of an imminent recession are overblown.

Davis explains why inflation isn’t heading back to 2% anytime soon, and instead may stabilize at a higher range of 4–5%. He also dives into the outlook for interest rates—why the Federal Reserve might still cut this year even if it shouldn’t, and why elevated rates could be the new…