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Weekly Update for the week ending February 13, 2026

Three Reports, One Story: Connecting the Economic Dots

This week gave us something we don’t often see – all three major US economic reports landed at once. Because of the recent partial government shutdown, the labour report, retail sales data, and CPI inflation numbers were released in the same week. Normally, these reports are spaced out, with jobs data arriving first and inflation and retail sales following mid-month. Seeing them together offers a rare opportunity to step back and view the American economy through three connected lenses at the same time.

A Brief History of the North American Stock Exchanges

As I mentioned in my November 28, 2025 Weekly Update [link to Nov 28 update], I recently came across a stock I assumed was listed on Canada’s largest and most senior stock market, the Toronto Stock Exchange (TSE), only to discover it was actually trading on its junior counterpart, the TSX Venture Exchange. That small mix-up sent me down a rabbit hole into how Canada’s exchanges are structured and how they came to be.

Monthly Portfolio Update October 2025

For the sixth month in a row, all four major North American indexes finished in the green: the Toronto Stock Exchange Composite Index (TSX), the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq). The Nasdaq continued to lead the pack, rising more than 4% for the second straight month and marking its seventh monthly gain in a row – its longest stretch since early 2018. The TSX, S&P, and DJIA each posted their sixth straight monthly gain, with the DJIA’s streak being its longest since January 2018, the TSX’s longest since mid-2021, and the S&P’s longest since late 2021.

Weekly Update for the week ending October 10, 2025

Will October be Trick or Treat for Investors?
After an unusually strong September, we’re stepping into the witching month – a time with a well-earned reputation for market drama. October has long carried a spooky aura on Wall Street, and for good reason. It’s seen some of the biggest market crashes in history. The Great Crash of 1929 kicked off the Great Depression after years of speculation and margin buying came undone, sending the Dow Jones Industrial Average (DJIA) tumbling nearly 90% from its peak and taking 25 years to fully recover. In 1987, “Black Monday” struck when computer-driven trading and panic selling triggered a record one-day drop of 22.6%, though markets managed to rebound within two years. It remains one of the worst single-day declines in Canadian market history. And in 2008, the collapse of the American housing market and the global credit freeze sent the S&P 500 (S&P) plunging 57% and the Toronto Stock Exchange (TSX) dropped about 16%, with a full recovery taking about four years.

Yet despite those infamous moments, October isn’t the market villain it’s often made out to be.

Weekly Update for the week ending August 1, 2025

Liberation Day, part 2

President Trump kicked off a new wave of tariffs this week, reigniting global trade tensions. The move came just days after progress with the European Union (EU) and Japan had boosted market optimism – but that optimism is now giving way to concern.

The latest action includes a sweeping 35% tariff on Canadian goods not covered by CUSMA, which caught many by surprise. It also targets exports from Brazil, India, and other trading partners, with tariffs ranging from 10% to 25%. These new duties hit a wide range of products, from industrial parts and electronics to everyday consumer goods, raising fears of a broader trade war.

Weekly Update for the week ending July 25, 2025

Dominoes start to fall
Since President Trump’s April 2 “Liberation Day” announcement – imposing sweeping tariffs on nearly all imports, starting with a universal 10% base and rising to “reciprocal” rates as high as 54% – the US has been scrambling to strike new trade deals. With a 90-day pause in effect for negotiations and court challenges mounting, several countries have already hammered out agreements aimed at easing tariff threats and stabilizing trade ties.

Each deal is tailored to the partner: some offer tariff relief, others open access to key sectors, but all share one goal – softening the blow of a trade war no one wants. Let’s take a look at the deals that have been signed and why getting deals signed is important to us investors.