Roberts Nash Advisory Group

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BASE CASE Scenario Q2 2018

Please find attached the forecasts currently being used by our Economics and Strategy Team.  The document includes their “base case” scenarios for investment markets given different economic scenarios and what they view the odds of each to be.

The document also outlines their expectations for such items as Inflation; Oil; and the Canadian Dollar over the next 12 months.

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** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **

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