Insights & Media

As we look back on a summer filled with its share of challenges, from rising costs to social unrest, it's easy to get swept up in a sense of discontent. But as Thanksgiving approaches, it’s important to pause and reflect on the many things we can still be grateful for as Canadians. Despite the obstacles we face, we continue to enjoy longer lives, greater wealth, and one of the safest, most educated societies in the world. So, while there's much work to be done, let's take a moment to appreciate all that is going right.

In this month’s newsletter, David addresses a question many of you have asked: How might the upcoming U.S. elections impact financial markets? While the election season stirs plenty of headlines, historical data shows the stock market tends to be more stable than we might expect, even in election years. Interestingly, if an incumbent party loses, the market sees a positive boost in the short term. As long-term investors, we focus on company performance and remain confident that quality companies will thrive, no matter the political outcome.

We’ve seen it all in the finance world – from the 1987 Black Monday crash to Nvidia’s meteoric rise in 2024. Here’s a golden nugget: fear trumps reason and trying to time the market is a sure way to give your money to the taxman. Remember, envy and greed can lead you astray, and sometimes doing nothing is your best move. Diversify like your wealth depends on it – because it does!