Equities Rally Not Driven By Trump: Manulife Strategist

The video discusses the so-called 'Trump effect' on the market, emphasizing that the Republican sweep of government branches is a significant factor. It highlights the importance of focusing on economic fundamentals, predicting a positive earnings environment in 2017. The transition from low to high interest and inflation rates is noted as a key change for investors. The impact of oil prices on the Toronto Stock Exchange and the Canadian dollar is analyzed, with oil prices being a major influence. The uncertainty surrounding the Federal Reserve's role under the Trump administration is also discussed, advising investors to focus on fundamentals.

What is one of the potential influences on the economy mentioned in relation to the Republican policies?

• Expansion of social welfare programs

• Introduction of universal healthcare

• Corporate tax cuts

• Increased tariffs on imports

What is the expected transition in the economic environment for 2017?

• From a stable to a volatile stock market

• From a high to a low inflationary environment

• From a low to a higher interest rate environment

• From a high to a low interest rate environment

What factor is said to have a significant influence on the Canadian dollar?

• Gold prices

• Interest rates

• Tourism rates

• Oil prices

How does the shift from President Obama to President Trump affect investors' view of the Federal Reserve?

• It has no impact

• It leads to a decrease in interest rates

• It creates more certainty

• It raises uncertainty

What is the recommended approach for investors in light of the uncertainty introduced by the Trump administration?

• Invest heavily in foreign markets

• Focus on short-term gains

• Concentrate on the fundamentals

• Ignore all political developments