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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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Gold’s regime change?

Gold’s regime change?

June 27, 2025 |Joseph Wu, CFA

The longstanding inverse relationship between gold and real interest rates seems to have broken down, suggesting new forces—central bank buying, geopolitical uncertainty, and portfolio diversification—have a larger role in driving demand for bullion.

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As John Tavares’ tax issue makes headlines this is a lesson to other cross-border Canadians:

April 08, 2024 |Bill vastis
It has recently come to light that Toronto Maple Leafs’ captain John Tavares has become entangled in a legal battle with the Canada Revenue Agency (CRA) over $8 million in taxes and interest, stemming from a $15.3 million signing bonus received 6 years...
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