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Canada’s ‘Wait and See’ Budget

As expected, Ottawa presented a cautious budget for 2017 that focused more on implementation than on bold new initiatives, and there is much to commend about Finance Minister Bill Morneau’s wait-and-see approach.

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Ed Devlin

Head of Canadian Portfolio Management

Mr. Devlin is a managing director, a generalist portfolio manager and head of Canadian portfolio management. In this multi-faceted role, he is responsible for developing PIMCO’s Canadian economic outlook and portfolio strategies. He is quoted often as an authority on the Canadian fixed income market and liability-driven investing by leading publications, including the National Post, Globe & Mail, and The New York Times. Mr. Devlin is also a frequent participant on the Business News Network and speaks extensively at CFA conferences and other events. Prior to joining PIMCO in 2006, he worked in London, Tokyo, Toronto, Hong Kong and New York in progressively more senior fixed income positions at Lehman Brothers and Merrill Lynch. He holds a bachelor's degree in business administration from Wilfrid Laurier University, where he was the gold medal recipient. He also holds an MBA from the Tuck School at Dartmouth College.