Insights

Global equity markets continue to grind higher on the back of the trade war de-escalation. A three-judge panel of the U.S. Federal International Trade Court ruled on May 29, 2025 that President Trump had overstepped his authority in using an emergency...

The U.S. equity market has taken investors on a bumpy roller coaster ride, leaving some of us queasy. We discuss what drove the rally, lingering risks, and the market’s potential from here.

Global equity markets continued to march higher this week on the back of the apparent de-escalation of the trade war. We discuss recent developments in this ongoing saga. We also return to a question that was on our minds well before the trade war began:...

U.S. government borrowing costs on longer-maturity debt have risen more quickly than on shorter-maturity debt since so-called reciprocal tariffs were announced. We discuss what drove that reaction and why the difference is likely to persist.

Questions regarding the Federal Reserve’s price stability and maximum employment mandates abound. We look at what investors should know at a time when there is a lack of clarity regarding the central bank’s next moves.

Slumping pre-construction sales are slowing the flow of units entering the pipeline and this could have negative consequences for supply growth in the medium to longer term.

Running up debts to buy foreign goods is unsustainable in the long term. Identifying the problem is simple, but we see no easy or quick escape for the U.S. from the imbalances built up over the last four decades.

The month of April has come and gone, and so too has some of the drama and market volatility caused by the threat of a global trade war. Below, we discuss why the past month serves an important lesson for investors. We also briefly address the Canadian...