The Harbour Group insights

 

Read the macro investment strategy and asset allocation thinking behind your portfolio, penned by our in-house market strategist, Robin Gullason.

 

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Discover the latest articles from thought leaders across our organization on everything from estate planning to philanthropy.

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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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Technical update: Signs of rotation support rebalancing portfolios

October 24, 2025 |Robert Sluymer, CFA, Technical Strategist

The S&P 500 has remained impressively resilient from a technical perspective. But we think some areas of the market are bottoming, supporting our belief that investors should consider rebalancing portfolios.

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The Power of Compounding Still Surprises

October 23, 2025 |Robin Gullason
Compound interest is often referred to as the “eighth wonder of the world”. A quote attributed to Albert Einstein states "He who understands it, earns it; he who doesn't, pays it" While all of us intuitively understand it and endeavor to earn it, its...
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The Price of Speculation

October 17, 2025 |Robin Gullason
Equity markets are driven by the twin emotions of fear and greed, and rampant speculation is a key feature of greed running amok. While pockets of speculation have appeared in the stock market, nobody does speculation quite like cryptocurrencies. This...
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U.S. Recession Scorecard: Stuck … with reduced visibility

October 10, 2025 |Jim Allworth

The scorecard indicators remain mixed, including a shift in the yield curve indicator. The government shutdown has limited employment data, confirming a cautious investment approach is needed, as ongoing policy and trade shifts affect the economy.

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Is Trade Risk Re-Emerging in the Canadian Dollar?

October 10, 2025 |Robin Gullason
The Canadian dollar has seen some of its 2025 gains against the U.S. dollar evaporate since the summer. At the same time, the broad U.S. dollar has been range-bound against other major trading partners. Both the U.S. and Canada have cut interest rates...
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AI’s big leaps in 2025

October 03, 2025 |Frédérique Carrier

AI is seldom out of the headlines in 2025, with defining developments coming one after another. We look at where AI is today and explain how its promise is matched against technological, economic, and geopolitical challenges.

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How BRICS sees the world

October 02, 2025 |Kelly Bogdanova

Amid changes in the geopolitical order, the BRICS association is attempting to chart a new course. This article explains why its members—including the Eurasian troika of China, Russia, and India—believe a new multipolar world order is inevitable.

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Canada’s population growth slows even as outflows fall increasingly short of targets

October 02, 2025 |Cynthia Leach and Salim Zanzana
Canada's population growth continues to slow since tighter federal targets on permanent and non-permanent residents with Q2 marking the weakest quarterly growth since the pandemic. As of July 2025, the population reached 41.7 million, reflecting a year-over-year...
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The numbers behind U.S. tariffs

September 26, 2025 |Joseph Wu, CFA

Collections from U.S. tariffs are surging. As legal uncertainty looms and costs gradually pass through, balancing resilient corporate fundamentals against policy risks remains crucial for portfolio positioning.

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