Blog

Key themes have the potential to shape economic developments and drive certain sectors for decades to come.

December update The Markets (as of close November 27, 2025) The TSX is up 3.1% in November and up 26.2% year to date The S&P is down 0.4% in November and up 15.8% year to date The NASDAQ is down 2.2% in November and up 20.2% year to date From our Portfolio...

The longstanding relationship between the U.S. and Europe is changing, with deep consequences for the euro area and its economy. We look into the impact of this metamorphosis on the corporate sector and discuss the related investment opportunities.

Long-term economic trends have left the U.S. economy increasingly reliant on spending by upper-income households. We unpack the potential implications for economic stability and Federal Reserve policymaking.

The White House has made broad interpretations of existing legislative authority to make unilateral policy moves. We examine how this centralized ad hoc decision-making raises structural concerns and how the economic policy framework may evolve.

The greenback’s volatile year underscores the interplay between cyclical drivers and longer-term valuation challenges—factors that could have implications for global equity leadership.

We’re increasingly of the view that a series of disruptions are masking a very real cyclical U.S. economic slowdown underneath the surface.

We outline some of the proposed federal budget measures, and the effect they may have on Canadians and their families.

November update Team News is going at the top of my update this month I’m sad to announce that my Associate Kim Balas has left RBC Dominion Securities at the end of October. She has taken a new job elsewhere which is closer to home. Kim worked with me...