Skip to Content

Outlook for 2023

Beating back inflation

Download the outlook

Beating back inflation, but at what cost?

Inflation, recession, or both? In this short video, Vanguard forecasts what’s ahead for the U.S. economy and markets in 2023.

2023 focus: Central banks, energy, inflation, markets

Key takeaways from the 2023 Vanguard Economic and Market Outlook

Global outlook summary

The top-level findings of our full economic and market outlook.

In the news

Bnn Bloomberg

BNN - BOC is ahead of the game

Bilal Hasanjee, senior investment strategist at Vanguard Canada, joins BNN Bloomberg to give us a preview on the Bank of Canada's decision on interest rates. Hasanjee says he sees the bank raising rates, with a possible pause depending on many factors and monetary policy decisions.

Vanguard's Outlook for 2023 - View From Canada's Managing Editor Daria Solovieva and Senior ETF Analyst Sumit Roy speak to Bilal Hasanjee, senior investment strategist at Vanguard Canada, about cryptomarket development, Bank of Canada's rate decision this week and the most interesting opportunities across asset classes for next year.

WP - Canadian growth in 2023

WP - Canadian growth in 2023

After a year spent grappling with inflation and continued increases in interest rates, Canadians should prepare for significantly weaker growth in the year ahead, with an outside risk of stagflation in the worst case, according to Vanguard Canada’s senior investment strategist.

Balanced portfolios

FIH - Balanced portfolios

While the traditional 60/40 balanced portfolio has suffered its worst year in decades, and Recession is likely in 2023, the Vanguard Group is optimistic that balanced portfolios will thrive beyond 2023 and over the rest of the decade.

Insights Additional market insights to support investors

Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.

All investment funds, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the Vanguard ETFs are designed to be as diversified as the original indices they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment.

All monetary figures are expressed in Canadian dollars unless otherwise noted.