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2025 Tax Year Changes
Federal Tax Cut Canada has reduced the federal income tax rate for the first tax bracket from 15% to 14%, effective July 1, 2025. Details of the Tax Cut Effective Date: The new 14% rate applies to income earned from July 1, 2025, onward. 2025 Blended...
Portfolio Managers’ Brief: November 2025
Key Takeaways November 2025 Markets at New Highs, But Leadership Is Narrow North American equities hit new highs on cooler inflation and resilient Q3 earnings, but gains are increasingly concentrated in select sectors and mega-cap names. Day-to-day moves are being driven more by central bank messaging than the rate cuts themselves. Index Scorecard (YTD Snapshot) […]
Portfolio Managers’ Brief: September 2025
Key Takeaways U.S. Market Leadership Canadian Market Momentum Index Performance (YTD) (September 25th , 2025) Valuation Concerns Fed Chair Powell’s Caution Technical Indicators Small-Cap Risks Central Bank Shifts Labour Market Cooling U.S. Canada Inflation & Policy Outlook Portfolio Positioning Final Thoughts
PILOT – Money Talks We Listen
Step behind the headlines as Richard and Brian act like referees in the financial arena—calling offsides, issuing penalties, and keeping the game fair. With no bias toward good or bad, every discussion is grounded in the clearest signal available: the movement of...
Portfolio Managers’ Brief: August 2025
https://vimeo.com/1111666187 Key Takeaways – August 2025 Market Overview U.S. markets up ~9% YTD, led by a handful of mega-cap tech names (~35% of S&P 500’s value). TSX up ~12.5% YTD, driven by financials and energy; potential BoC cut in September could provide...
The Epstein Deflection
MID 2025 OUTLOOK Cue the music as we pay homage to the Eagle’s classic Hotel California. Where the ‘dark desert highway’ leads to a shimmering light cascading on an economic labyrinth that could be heaven or hell! Enter the Tiffany-twisted consumer and her pretty,...
Portfolio Managers’ Brief: July 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Portfolio Managers’ Brief: June 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Portfolio Managers’ Brief: May 2025
A brief review of market conditions and how they are impacting the management decisions of our Investment Review Committee (IRC).
Why So Sad?
Trying to make investment decisions while operating in a vacuous state is like trying to win at poker with a deck that keeps reshuffling itself mid-hand. A stray comment from a central banker, a vague tweet from a billionaire President, haphazard tariff headlines...
