The Diversification You Paid for May Already Be in Your Portfolio
30 Oct 2026When markets are rising, investors get bombarded with funds built around whatever is working: AI, semiconductors, momentum, anything with a story that sounds like the future. When markets fall, the same product factories turn out quality, defensive and low volatility funds, promising calm and the ability to step away from the crowded trade without giving up the winners. The labels rotate with the mood, and the pitch is always that the new fund is the answer to whatever just happened in the market.
Q3 in Markets: Higher Rates Don't Lift All Ships
15 Oct 2026In Q3, market attention shifted from equities toward the bond market. Sovereign debt across Western economies experienced a sharp, synchronized sell-off as investors grew increasingly uneasy about escalating government deficits, persistent inflation, and long-term debt sustainability. Benchmark yields on U.S. Bonds, alongside European and Japanese sovereign debt, climbed to multi-decade-high levels with the 10 -Year Treasury surpassing 5% for the first time since 2007.
Measuring What Matters: A Better Way to Evaluate Your Portfolio
13 Oct 2026Every investor needs a measuring tool. Without one, there is no way to know whether a portfolio is growing or an advisor is making prudent decisions. Broad-market indices are often the default choice, and for good reason: they are simple, transparent, and easy to check daily. In a plain 60/40 or 80/20 portfolio, the MSCI World Index or the FTSE Canada Universe Bond Index can be fair proxies for International Equities or Fixed Income. But are they an analogous benchmark?
The New ESG: Energy, Security and Groceries
16 Sep 2026For much of the past decade, ESG (environmental, social and governance) considerations became a defining lens for investors, corporations and policymakers. Capital was directed toward decarbonization, corporate accountability and social outcomes. Energy producers faced a higher cost of capital as governments set increasingly ambitious emissions targets, and investors were encouraged to view traditional energy exposure as a risk to be minimized.
How the SpaceX IPO Will Shift Risk to Passive Investors
05 Jun 2026SpaceX is set to go public next week at an eye-watering valuation of $1.8 trillion, by far the largest IPO in history. While many investors are excited to be able to purchase shares in the company, the headlines are distracting from the fact that the IPO combined with its accompanying rule changes seem to be set up in a way that will give its current owners exit liquidity at the cost of retail and passive investors who will be left holding the bag.
The Odds Were Never in Your Favour
13 Apr 2026Ask a young person today to explain the difference between gambling and investing, and many will struggle to answer. Six in ten Canadians participate in some form of gambling, and with mobile sports betting now living in anyone’s back pocket, Canada's gambling landscape is no longer confined to the casino floor. It’s virtually frictionless.