April 2026 · Commentary
April reaffirmed what discipline is built for: holding a defensive posture through the storm, then re-engaging when the conditions warrant it. With earnings doing the structural work and risk measures dissipating, we've closed the defensive overlay and are running at full strategy risk into May.
March 2026 · Commentary
A geopolitical shock sent oil surging and equities sharply lower in March, but the vulnerabilities the market confronted were already in place. This month's commentary looks at what the sell-off exposed, why we moved defensively in early February, and what we're watching before re-engaging.
February 2026 · Commentary
WIP outperformed in February, helped by reducing risk as volatility rose and market conditions weakened, while staying focused on AI infrastructure rather than pressured software names. The overall message is disciplined risk management: protect capital in unstable periods, then add exposure back as conditions improve.
January 2026 · Outlook
As markets move into 2026, fundamentals remain supportive, but the real drivers sit beneath the surface. Strong outcomes will come from discipline, clear watchpoints, and staying positioned for opportunity without losing respect for risk.
March 2025 · Commentary
In his second term, Donald Trump has launched a barrage of executive orders, trade tariffs, and immigration crackdowns, creating a chaotic policy environment that is difficult to track.
February 2025 · Strategy
Many investors believe they can time the market, jumping in when prices are low and cashing out before they fall. While the idea is appealing, history shows that market timing is not only difficult but often counterproductive.
December 2024 · Advisory
The financial advice industry in Canada is a maze of titles: Portfolio Manager, Investment Advisor, Financial Planner, and more. Each promises to guide you toward your financial goals, but choosing the right advisor is not just about convenience, it can significantly impact your wealth.
October 2024 · Fixed Income
Fixed income markets have posed considerable challenges to investors for over a decade. For most, low yields and high correlations to stocks have rendered the asset class less useful. We have a different approach.
October 2024 · Alternatives
The promise of growth in stocks paired with the reliability and income of bonds makes for a solid pitch. Yet, focusing solely on these assets can limit potential returns and expose portfolios to risks that alternative investments can help mitigate, ultimately leading to greater wealth, a more secure retirement, and reduced stress.
September 2024 · Real Estate
Amid domestic and global headwinds, Canada's residential real estate market remains an attractive investment. Despite various economic shocks, the resilience of Canadian housing remains a constant.
August 2024 · Strategy
Dividend-paying stocks attract capital as interest rates fall. The reasons are simple, retirees, pensions, and other income-sensitive investors have enjoyed an easy period of high rates. As rates fall, these investors look for alternatives to maintain their income levels and, if necessary, take additional risk to do so.
July 2024 · Advisory
Our team leverages decades of experience as principal investors and capital allocators across various asset classes and investment strategies, including stocks, bonds, private equity, private credit, real assets, and hedge funds.
June 2024 · Economy
Labour markets remain healthy and resilient globally, with unemployment rates within acceptable levels. Along with moderating inflation, this suggests continued strength in consumer demand. This is likely to persist due to structural factors causing labour demand to outstrip supply.
December 2023 · Risk
We object to the demeaning scourge of the stock market's unrestrained swings. We utilize asset classes and unique strategies, often the exclusive domain of institutional investors, to moderate downside participation, smooth out returns, and deliver the performance clients deserve.
November 2023 · Commentary
The word "transitory" was used, by pundits, at nauseum to describe the inflationary pressures on global economies. This was in 2021, as the initial impact of the COVID-19 pandemic subsided and prices for goods and services began rising steeply. We were in "unprecedented" territory.