Newswire

12 Random Thoughts On Liberation Day by Dr. James Thorne

April 3, 2025

The highest tariffs target economies with large trade deficits and very low labor costs.
Canada secured a major victory. I’m cautiously optimistic that this is the best-case scenario. Can Trump now take a backseat in the federal election?
It’s important to note the U.S. Senate’s support for Canada—a symbolic gesture!
This marks the beginning of trade negotiations. Those who act quickly will secure better deals.
Uncertainty has decreased. Let’s give it a few days to settle.
The U.S. dollar continues its orderly devaluation.
Yields are dropping, with the 10-year U.S. Treasury yield about to breach 4%, bringing satisfaction to Treasury Secretary Scott Bessent.
Equity futures are weak; Japan initially dropped 6% but is attempting to recover, now down 3%, while Australia is down 1.5%.
Concerns about inflation are being raised by some economists, echoing 2018’s narrative.
The economy is slowing down. Growth is decelerating, liquidity is being injected, rates are being cut, and debt is being refinanced at lower rates. Remember, $9-trillion needs to be addressed this year and next.
Currency and credit markets are responding appropriately; expect volatility in equities.
We are likely to start Thursday markets significantly down but anticipate climbing throughout the day. It’s the closing Friday that matters!

The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Wealth Inc. (WAPW), Wellington-Altus Private Counsel Inc. (WAPC), Wellington-Altus Insurance Inc. (WAII), Wellington-Altus Group Solutions Inc. (WAGS), and Wellington-Altus USA Inc. Wellington-Altus (WA) does not guarantee the accuracy or completeness of the information contained herein, nor does WA assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor..

©2024, Wellington-Altus Private Wealth Inc., Wellington-Altus Private Counsel Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus USA Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION. www.wellington-altus.ca

If you no longer wish to receive commercial electronic messages from Wellington-Altus Private Wealth Inc., please send an email to unsubscribe@wellington-altus.ca

Recent Posts

Uncertain Times: Defensive Strategies for Investors

There are many reasons to consider a Registered Education Savings Plan (RESP) to save for a child’s future education: tax-deferred growth within the plan, earnings taxed at the child’s tax rate when eventually withdrawn and, of course, the Canada Education Savings Grant (CESG).

The Value of an Investment Plan

The Evolving Trade War: Is a Recession Looming?

Market Insights with Tyler and Dave: Market Volatility, Trump, and Trading Opportunities

As the Roman philosopher and statesman Lucius Annaeus Seneca once said: “Yield not to adversity; trust not to prosperity; keep before your eyes the full scope of Fortune’s power, as if she would surely do whatever is in her power to do.” This sentiment resonates as we examine the current economic landscape shaped by Donald Trump’s victory in the 2024 U.S. presidential election.

Investing Resolutions

The opinions contained herein are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Wellington-Altus Private Wealth. Assumptions, opinions and information constitute the author’s judgement as of the date this material and subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. All third party products and services referred to or advertised in this presentation are sold by the company or organization named. While these products or services may serve as valuable aids to the independent investor, WAPW does not specifically endorse any of these products or services. The third party products and services referred to, or advertised in this presentation, are available as a convenience to its customers only, and WAPW is not liable for any claims, losses or damages however arising out of any purchase or use of third party products or services. All insurance products and services are offered by life licensed advisors of Wellington-Altus. Wellington-Altus Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners.