Market Commentary

Market environment Markets have been highly volatile since the beginning of 2025. After a sharp decline and widespread panic through early April, equities staged a strong rebound and are now posting positive year-to-date returns. This turnaround can be...

Since Wednesday, April 2, when the U.S. president initiated a global trade war, markets have declined by more than 10%. This marks the fourth time in 50 years such a decline has occurred, following the 1987 stock market crash, the 2008 financial crisis...

For the second consecutive year, stock indices in North America delivered excellent performance in 2024. This growth was supported by a relatively controlled reduction in interest rates orchestrated by the major global central banks. The U.S. Federal...

Financial markets are experiencing excellent performance for the second consecutive year. This performance may be surprising, given the weakness of the economy and the economic outlook, which has changed several times throughout the year. At the beginning...

2023 exceeded the expectations of even the most optimistic investors, with the U.S. market rebounding by 24% thanks to the technology sector, and the Canadian market by 8%. Most of the growth has occurred in the last two months, fueled by hopes that interest...