Q3 Capital Markets Review
After a volatile first half marked by tariff uncertainty, Q3 2025 delivered strong gains across global markets as trade tensions abated and AI enthusiasm resurged. However, stretched valuations, concentrated equity exposure, and massive AI capital spending now present meaningful risks. Our report ex
CAD September Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated 4.9% (+3.6% in USD), with positive performance across all major regions. The CAD weakened by 1.3% vs. the USD. Global Equities: Global equities increased by 4.9% (+3.6% USD), with US large-cap equities (S&am
USD September Market Commentary
Noteworthy Developments: Global equities, as represented by the MSCI ACWI Index, appreciated +3.6%, with positive performance across all major regions. Global Equities: Global equities increased by 3.6%, with US large-cap equities (S&P 500) up 3.6%, international developed equities up 1.9%, and
