| I am pleased to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy. Full report: Global Insight This month’s highlights: Imbalancing act Having one country—the U.S.—run up debts acting as the buyer of last resort for foreign country production is not sustainable in the long term. Identifying the problem is easier than fixing it, however, and we see no easy escape for the U.S. from the trade imbalances created over the last four decades. We believe that a quick fix, go-it-alone approach is likely to be a difficult pill for markets and economies to swallow. Global equities: Either/or … Markets are at a crossroads, faced with potential catalysts that could cause the investor mindset to shift in either direction. For now, our investment policy remains set at “invested but watchful.” Global fixed income: Seeing through the fog Tariff and trade war uncertainties make it difficult to know what is in store for the future. We look through the fog with a focus on rates, central banks, and what might come next for markets and investors. If you have any questions or need further guidance, please do not hesitate to contact me. I appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals. Beth Arseneau, FMA, CIM |
| Past performance is no guarantee of future results. Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under licence. © RBC Dominion Securities Inc. 2025. All rights reserved. |