With 2025 now in the rearview mirror, the impact of tariffs and trade barriers is clearer for some sectors and industries, while others still await.  For example, the Canadian aluminum industry now likely knows its worst-case scenario and Canadian grocers…

After President Trump’s “Liberation Day” triggered panic in April, the spring bounce-back gave way to continued turbulence over the summer.  Key components of the driving dynamic were the political volatility in the USA with respect to internal and international issues…

The quarter opened with the US initiation of tariffs against all major trading partners.  This led to major waves of panic around the globe and a real roller coaster for stock markets.  Thanks primarily to a cautious recent stance on…

This quarter the media attention and investment market impact was all focused on the new US President Donald Trump, inaugurated on January 20.  Although the President did have the benefit of a supportive Senate and House, he wasted little time…

This fall the economy and the markets were undisputably fixated on the US election more than anything else.  As the promises on both sides of the aisle scaled the cliffs of outrageousness, in the end the Republican platform prevailed and…

As the US central bankers started signalling the intent to decrease interest rates, long duration bond prices started rising (remember, when interest rates fall, bond prices rise).  I have included a longer-term trend chart here to help get a broad…

As winter gave way to spring we began to hear more and more that the tightening effect of higher interest rates is showing up in various parts of the economy.  There have been reports of weaker markets for consumer durable…