Market Minutes, November 2025
Fuelled by interest rate reductions, a strong start to the third quarter earnings season, and sustained enthusiasm for AI-related investments, global markets trended positively throughout October. Naturally, these positive forces have been well-received. What was less expected was the muted reaction toward the longest U.S. government shutdown in history. Although the circumstances have made official […]
Market Minutes, November 2025
In this month’s market commentary, we break down the major economic developments shaping Canadian, U.S., and global markets.
Quarterly Insights, Third Quarter 2025
Join our founder and chief investment officer for an in-depth analysis of Q3 2025 market developments and what’s ahead for investors in 2026. We cover Federal Reserve policy, the AI technology boom, gold’s record run, and critical challenges facing the Canadian economy.
Market Minutes, September 2025
September rewarded investors with another exceptional month of equity returns. Many of the world’s leading stock indices climbed by roughly 5% despite what is historically a weak month of the year—a sound reminder that seasonal patterns shouldn’t be the basis for investment decisions. North America’s two largest economies found relief through interest rate reductions, which […]
Canada Federal Budget 2025 Economic & Market Analysis
“The global uncertainty we are facing demands bold action to secure Canada’s future. Budget 2025 is an investment budget.” — François-Philippe Champagne, Minister of Finance and National Revenue Quick Summary The Carney government has passed its first official budget under subpar conditions. Finding itself in the middle of a trade dispute hampering economic growth, the […]
Market Minutes, August 2025
Markets remained resilient in August 2025 despite economic slowdown concerns, inflation pressures, and rising government debt.
Market Minutes, July 2025
July brought another month of strong gains for global stock markets — and Canadian investors reaped extra rewards thanks to a strong US dollar. But behind the euphoria, warning signs are building: record-high tariffs, slowing job creation, and rising inflation.
Read our latest Quarterly Insights
What’s going on right now? What may be around the corner? What’s hot? What’s not? And what actions are we taking because of it?
Quarterly Insights, Second Quarter 2025
In times of extreme market volatility and tariff concerns, we wanted to provide you with an insider’s perspective. Join us for an inside look at the conversations and strategies shaping our daily investment decisions.
Market Minutes, May 2025
In this market update, we unpack one of the strongest Mays in market history, explore the impact of U.S. trade tensions under President Trump, and explain why short sellers and the “TACO trade” contributed to the recent rally.
Market Minutes, April 2025
April was a rollercoaster month for investors. In this market update, we break down: Why staying calm through daily volatility is crucialThe impact of U.S. trade policy shifts and a weakening U.S. dollarHow global markets and the Canadian dollar outperformed the U.S.What rising interest rate pressures and political shifts in Canada mean for your portfolio
Quarterly Insights, First Quarter 2025
In times of extreme market volatility and tariff concerns, we wanted to provide you with an insider’s perspective. Join us for an inside look at the conversations and strategies shaping our daily investment decisions.
What’s Holding Back Canada’s Stock Market?
“Canada has a productivity issue and it has a competitiveness issue.” — Brian Porter
More Chips, Please! Semiconductors, Decoupling, and Deglobalization
“No product is more central to international trade than semiconductors.” – Chris Miller
Ukraine-Russia War: Strategies to protect your portfolio
Russia’s invasion of Ukraine has heightened volatility in stocks, bonds, commodities and currencies. While it’s important for investors to assess the economic impact and potential for future disruptions, it’s also critical to assess the situation from a rational and long-term perspective, no matter how hard it may seem today. In this blog, we’ll walk you […]
COVID-19: Market insights and actions
A message to valued clients and readers, on behalf of President and CEO, Bob Sewell, and the rest of the Bellwether Investment Management team.