High valuations, uncertainties loom in second half
Asset quality, capital expected to remain strong
Economic growth, government budgets to feel ill effects of demographic shift: Desjardins
Unemployment rising, but layoffs aren't, leaving room to cut rates
Transaction is valued at $53 million and follows an April announcement from Desjardins
Despite initial cut, monetary policy remains restrictive, and economy faces other headwinds
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
Desjardins says the transaction "does not call into question our business relationship with Fiera"
Risks remain to the downside for economy, Desjardins says
Curbing temporary workers to ease pressure on housing will hurt growth