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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...
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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...
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Are U.S. tariffs accomplishing their goals?

August 20, 2025 |Claire Fan

The trade war remains in its early stages, with U.S. tariff revenues trailing behind announcements into the summer. Nevertheless, import tariffs collected as a share of U.S. imports have already risen to their highest level since the 1940s.

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Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

December 18, 2024 |Rachel Battaglia, Robert Hogue and Cynthia Leach
Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...
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RRSPs, TFSAs, RESPs & Other Start-Of-Year Items

February 09, 2024 |Sam McLaughlin
RRSP Quick Tips More information here As we come into the start of February, the deadline for RRSP contributions to count for the 2023 tax year is getting closer. RRSP contributions are valuable as a tax-saving strategy in the year you contribute, and...
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Missives and Marginalia - New Year 2023

January 04, 2023 |Sam McLaughlin
Global stock markets had an impressive November and a decent-enough December, but as the New Year dawns that euphoria is starting to wear off. Despite major central banks announcing rate hikes, investors are still optimistic they're near the end of their...
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Missives and Marginalia - March 28th, 2022

March 29, 2022 |Sam McLaughlin
Whither the world? As clients would know, I started laying out a picture of the recovery economy starting early last year. Derailed somewhat by Delta and then Omicron shut-downs (thank god for flexible and responsive strategies), the picture was just...
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Missives and Marginalia - Saturday May 15th, 2021

May 15, 2021 |Sam McLaughlin
A (sometimes) regular compendium of my current thoughts on markets, the economy, and other random marginalia I got my first AstraZeneca vaccine shot last week, and maybe it’s the just my new vaccine-derived superpowers talking but I instantly felt a lot...
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McLaughlin Capital Management

Saturday Market Comment - Fun in the Sun Edition

June 27, 2020 |Samuel McLaughlin
Good afternoon, This past week felt like quite the bumpy ride as the market seesawed between modest gains and losses, punctuated by the sharp drop on Wednesday and the falling market today. This tug of war was somewhat fitting because it encapsulates...
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Strategies to incorporate the TFSA into your financial plan

June 07, 2019 |Sam McLaughlin

This article discusses the flexibility of a TFSA and how it can be leveraged throughout different life stages based on your financial priorities.

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