WEF banner

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...
Read more

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...
Read more
banner

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...
Read more

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...
Read more

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...
Read more

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...
Read more

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...
Read more
banner image

High stakes, narrow margins: Canada’s federal budget bets on investment-led growth

 November 05, 2025 |Cynthia Leach, Robert Hogue, and Salim Zanzana
Overall, the story of Budget 2025 is as expected. There is big new spending and deficits that would be even larger without review savings. Buffers are slim against the two fiscal anchors of a balanced operating budget by 2028-29, and a declining deficit-to-GDP...
Read more

BoC warns of structural economic damage from tariffs

 October 29, 2025 |Claire Fan
The Bank of Canada delivered an expected 25 basis point rate cut today, lowering the overnight rate to 2.25%—the bottom of the neutral range that would not add to or subtract from inflation pressures over time. Beyond the rate cut itself, two themes stood...
Read more
Canadian Banner

Canadian federal budget preview

 October 27, 2025 |Cynthia Leach
A new playbook for balancing bigger government with fiscal health We believe the context and composition of government spending matter as much as the quantum. Cyclically, our outlook has Canada avoiding a recession from the current set of tariffs, but...
Read more
Next