A NOTABLE ROTATION
Since October 2025, U.S. small-cap stocks have staged a notable comeback, outperforming large-cap growth stocks as investors look beyond years of dominance by tech mega-caps. This has prompted the question: Is this a temporary bounce, or the start of a more meaningful trend?
A BRIEF LOOK A CROSS FOUR DECADES
The share of global GDP among the world’s largest economies continues to shift, shaped by economic policy, technology and demographics. Equity market share has also shifted over decades.
The New Great Game: The True Significance of the Hormuz Struggle
The New Great Game has begun, and Rudyard Kipling gave us the metaphor. In Kipling’s 1901 novel Kim, a boy stumbles into a shadow struggle between empires over maps, passes, and buffer states; in 2026, the board has shifted to sea lanes, data centers, energy chokepoints, and payment rails, but the contest is no less real.
Highlights from the 2026 Spring Economic Update
On April 28, 2026, Finance and National Revenue Minister François‑Philippe Champagne released the 2026 Spring Economic Update (the Update).
GOLD & SILVER’S RUN
Gold and silver opened the year with substantial momentum. By the end of January, silver had surged to around $120 per ounce (intraday), up 63 percent in the month alone and up more than 248 percent year over year.
Market Insights Video By Dr. James Thorne: Capital Always Follows Power
In the face of global economic uncertainty, James Thorne examines North America’s pivotal position in the evolving geopolitical landscape and the central role of the U.S. in the global energy sector.
IN BRIEF, MACRO ECONOMIC PERSPECTIVES
As renegotiations over the U.S.-Mexico-Canada Agreement (USMCA) approach, it’s worth taking a brief look at trade to share perspectives on the framework that has governed North American trade since July 2020.
The Shifting (Global) Order
We are living through a period of shifting order. Global alliances are outwardly frayed, old rules have been bent, and new ones are being formed.
Market Insights By Dr. James Thorne: Bretton Woods 2.0, the New Great Game, and Trump
U.S. President Donald Trump’s second term is not just another burst of tariff theatre; it is the opening move in a new great game over energy, artificial intelligence (AI), and money.
TAX SEASON IS HERE AGAIN
Tax season is here again. Most taxpayers are eager to maximize deductions to minimize the taxes they pay. However, careful attention to tax planning may mean doing the opposite.