PIM Portfolio Update

 February 17, 2026 |Paul Belous, CIM - Senior Portfolio Manager
It seems like we should just throw conventional investment wisdom out the window these days. Headlines continue to drag the markets to the downside with any news items. Whether it be guessing what AI is going to do to companies profits, or how big the...
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Supply surge keeps Canadian house prices on a downtrend

 February 12, 2026 |Rachel Battaglia
Supply-demand conditions weakened further in most large Canadian markets as January unfolded. Potential buyers remained cautious despite elevated inventory giving them the upper hand. Severe winter weather likely contributed to the slowdown, with significant...
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Market Commentary - February

 February 04, 2026 |Paul Belous, CIM - Senior Portfolio Manager
The start of 2026 has not seen too much change especially with all the political events south of the border and the headlines that continually pop up. We seem to have been in a holding pattern since October, with a lot of back and forth but no real upside...
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Davos ’26: Making sense of a new world order

 January 28, 2026 |John Stackhouse
The World Economic Forum this year became a tale of two Davoses. Inside the main Congress Centre, a record number of attendees, including 850 CEOs, 80 tech billionaires and founders, hundreds of ministers and 65 heads of government spent the week hearing...
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PIM Portfolio Update

 January 21, 2026 |Paul Belous, CIM - Senior Portfolio Manager
We start the new year with more and more headlines which are completely expected. Whether its Greenland, Venezuela or credit card changes or charging a Federal Reserve Chairman criminally, it looks to be a continuation of the same as last year. We do...
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Beyond the forecast: Six themes for Canada’s economy in 2026

 January 21, 2026 |RBC Economics
A narrative spun that a recession was nearly unavoidable for a country that had become so dependent on a trade partner who now looked to sever parts of its economic relationship. And yet, Canada’s economy did not collapse. There were no two quarters of...
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Market Commentary - January

 January 07, 2026 |Paul Belous, CIM - Senior Portfolio Manager
Markets continue to be choppy into the end of this year. It has been an interesting year to say the least as we look back. It certainly followed the pattern of the 3 T’s…. Trump, Tariffs, and Taxes and all lived up to a good amount of volatility. The...
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Market Commentary - December

 December 02, 2025 |Paul Belous, CIM - Senior Portfolio Manager
November has seen a lot choppier market action in North American markets. The U.S. at the time of writing is slightly negative and Canadian markets are slightly positive. We continue to have no clear sign of a trade deal but the noise around this has...
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PIM Portfolio Update

 November 18, 2025 |Paul Belous, CIM - Senior Portfolio Manager
The markets have remained not far off all time highs yet we have experienced some choppiness in the last few weeks. In Canada, we are trying to pass a budget which would see a lot more infrastructure spending which will help but we do need trade deals...
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Market Commentary

 November 07, 2025 |Paul Belous, CIM - Senior Portfolio Manager
October has seen its share of news stories for North American markets. If you listen to the U.S. president, it would appear that Canada may never get a trade deal with our southern neighbour, however, when you listen to the U.S. treasury secretary, it...
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