So much has happened since our last Quarterly update, it is hard to compile these thoughts into a concise message. When the year began, we were all marveling at the images of Chinese construction workers scrambling to build an entirely new hospital in just seven days. “How could they accomplish such an incredible feat in such a small amount of time?” Taken aback by the “how”, many of us were distracted from understanding “why”, and what would ultimately follow. When the year

A year to remem…..forget? 2020 has come and gone. What a wild and weird year it was – one that will most certinaly be remembered as a year to be forgotten. After global markets suffered a major shock amid the early stages of the COVID pandemic, stock prices rallied through the back half of the year. In the fourth quarter, the S&P 500 (CAD) rose 6.61% and the TSX Composite gained 8.97%. Meanwhile, the COVID pandemic has raged on. Phenomenally, the US market appears immune to t

Looking back at 2019 Looking back at 2019 Most global markets got off to a roaring start as they recovered from the sharp selling behavior seen in Q4 2018. For the following 6 months, markets struggled to gain traction as investors digested an overwhelming amount of geo-political news. A US China trade war, a tightly contested Canadian Election, and the Impeachment of US President Donald Trump were among the headlines dominating the investment news cycle in 2019. Meanwhile, o

Market Update Once again global markets were led by North America in the third Quarter. Most countries struggled to keep up with Canada and the United States which squeaked out 1.69% and 1.19% growth respectively. Several economic indicators in Canada and the US – such as wage and employment growth, and consumer spending – remain strong. However, cracks are appearing in the manufacturing sector and investors began to rotate away from growth sectors in Q3 in anticipation of a

Most stock markets around the globe continued their upward trend in the second quarter, albeit at a more muted pace than we saw in Q1. After a strong start in April, markets pulled back in May amidst another round of negative trade rhetoric from the US president. June saw that rhetoric cool, and the focus quickly shifted to more accommodative language from the US Federal Reserve, hinting at a potential interest rate cut in the coming weeks. The TSX finished the quarter up 1.7