Our Perspective: Q3 Investment Update
We hope everyone enjoyed a wonderful Thanksgiving weekend and had the opportunity to spend some quality time with family and friends. The third quarter brought a more challenging environment for investors. While major U.S. stock indexes remained near record highs, many individual companies gave back some of their earlier gains. Rising interest rates also weighed […]
Our Perspective: Mid-Year Investment Update
Equity markets continued to perform well this quarter, supported by stronger corporate earnings than expected, resilient consumer spending, easing inflation, and growing confidence that interest rates will gradually move lower over time. While periods of volatility remain a normal part of investing, the overall backdrop has remained constructive
Q1 Market Update and Our Outlook
Markets have had an uneven start to the year, with volatility driven by inflation, interest rate expectations, and geopolitical developments. After the strong returns of the past two years, this shift toward a more normal environment is not unexpected. Economic data has remained relatively resilient, with labour markets holding up and corporate earnings generally stable. Inflation is trending in the right direction, although not in a straight line, and the timing of interest rate cuts remains a key focus for markets.
Our thoughts as we head into 2026
We hope you had a wonderful holiday season and were able to enjoy some quality time with friends and family. As we begin the new year, we wanted to share a brief update on how markets finished the fourth quarter, reflect on the strong results from 2025, and outline our outlook for the year ahead.
North American Investment Summary – Third Quarter 2025
The third quarter of 2025 brought encouraging signs that the North American economy is finding better balance. Inflation continued to ease in both Canada and the U.S., giving households and businesses some breathing room after a few challenging years.
The first half of the year is in the books, we are cautiously optimistic about the second half
As the dust settles from a bumpy first two quarters of the year, portfolios have traded higher even with the U.S. policy adjustments we have experienced. Even though it may feel like risks are high, as we often say, it’s time in the market, not timing the market, that is key.
Panic hits the markets as Trump tariffs are enacted
As the first quarter ended this week, we saw U.S. markets lower from January and Canadian markets slightly higher for the quarter. As mentioned in our last update, volatility was likely to increase and the Trump administrations on again off again tariff approach caused just that over the months of February and March.
Q4 Market Update: A great year is behind us, now we start an uncertain one…
2024 will go down in the books as a great year financially for most risk assets. U.S. markets led the way but decent returns in Canada and in fixed income added to total returns. As we look forward to the year ahead there are many opportunities but there are potential pitfalls that could derail our outlook.
Quarterly Market Update: Another decent quarter, are we in for an October surprise?
The markets were well behaved in the third quarter, playing out as we expected with a few bouts of volatility at the start of August and September. Market participants have moved their focus away from inflation, as it looks to be under control, and instead, the key data point each month has been the jobs reports.
Q2 Market Update: Another solid quarter but there may be some volatility ahead?
The second quarter turned out to be another strong one as artificial intelligence (AI) and technology names continued to power indexes higher. From November of last year until April of this year we’ve seen most equities performing well.