This month was jam-packed with fun! I was in Toronto at the beginning of the month for a wonderful training session. I love group learning, it is always so interesting to hear different perspectives. Of course there was some bonding time at a Blue Jays game!

I had a wonderful time at a networking even hosted by MNP. They had a cute activity to do, build your own plant by Sill and Soil, a store that I am not aloud in. If you’ve ever seen my office, you know why.

My mother came up from Mexico for the weekend, we saw a BEAR! Never been more excited about seeing wildlife. It amazes me every time I go to Waterton, its one of the most beautiful places on earth. If you have never had lunch at the Prince of Wales Hotel, highly recommend making the stop next time you are in Waterton, it was divine.

This record-breaking rainfall we’ve had has kept the coulees green! It is such a wonderful sight. I’m sure the dry land farmers are ecstatic. Although it has been a damper on my Golf League, we've still managed to get a couple of rounds in.

As for the markets:

The Memorandum of Understanding (MoU) reduces the risks of conflict-driven economic weakness and market volatility, in our opinion. The truce, however, remains precarious. We explore the macroeconomic implications of the MoU and the strategic priority it leaves untouched for governments and corporates alike—the drive towards self-sufficiency.

Oil prices have already corrected to close to $74.00 per barrel, more than one-third less than their March peak, though still slightly above pre-war levels. Natural gas prices have fallen similarly yet remain some 33 percent above pre-war levels in Europe. In the U.S., average national gasoline prices are falling closer to $4.00 per gallon.

Canada’s annual inflation rate accelerated to 3.2% in May, the highest in 29 months, from 2.8% in April, as the impact of higher energy prices continued to flow through the economy.

The federal government set out a new plan to expand Canada’s nuclear energy sector. The government believes Canada can use its existing nuclear expertise, uranium resources, and domestic supply chain to improve energy security, generate economic activity, and win more business abroad

U.S. semiconductor and memory stocks have largely outperformed over the past year thanks to skyrocketing demand for AI infrastructure and components. With the SOXX (which tracks 30 U.S.-listed semiconductor companies) up 100% year to date and memory stocks returning triple digits over the past year, AI-related demand has contributed to a highly concentrated market

Read more about the weekly market update here Global Insights Weekly