Insights

The 2018–2019 U.S.-China trade conflict underscored how tariff uncertainty can dampen sentiment, depressing valuations even if the earnings impact turns out to be modest. Given an unusually wide range of potential tariff outcomes, what approach should...

I'm pleased to share RBC Wealth Management's latest investment newsletter. In brief: U.S. tariff policy in flux As U.S. trade policy turns more protectionist and unreliable, the macro dynamics of the 2018–2019 U.S.-China trade war offer a useful, if imperfect...

How will Europe respond to U.S. tariff threats? For the European Union’s 27 member states, whose trade policy is set collectively, the economic impact of U.S. tariffs will depend on their level and duration. We investigate the implications of rapidly...

Investors need to deal with risk and uncertainty. Nevertheless, the noise level through the first few months of this year has admittedly felt higher than normal. The threat of tariffs, a surprise development in artificial intelligence, higher U.S. inflation...

Earnings before policy What matters more for the market, Washington policy or plain vanilla corporate profit trends? While Washington, D.C. will likely capture a lot more business press headlines this year and policy developments could generate volatility...

It seems the new year has brought renewed optimism for Canadian home sellers. Early reports from local real estate boards showed a surge in new listings in January in several of Canada’s largest major markets led by Vancouver, Calgary, Toronto, and Montreal...

I'm pleased to share RBC Wealth Management's latest investment newsletter. Is 2025 the beginning of a small-cap renaissance? After years of small-cap underperformance relative to large-cap counterparts, the tide looks to be turning. We look at why investors...

An exclusive newsletter for our clients and friends | January 17th 2025 Private Investment Management 2025 Market Outlook and Political Influence I write this market update and outlook with the intention of hopefully answering the recurring question of...