Global Insight - September 2026

Stock markets around the world are hitting new highs, which is great news. The strong performance is driven by companies doing better than expected and earning more money. While we expect good things ahead, the pace might slow down a bit, and we could see some bumpy days along the way—which is completely normal. Even if U.S. stock market volatility rises in the near term, we believe other issues matter more to the market's medium and long term performance than elections.

Global Equity - Good, but not as good.

• Companies are performing well and earning solid profits, which supports higher stock prices.
• We expect stock returns to be healthy, but not extraordinary over the next year.
• Our recommendation: stay the course as planned, but don't go overboard.

Global Fixed Income - The long and short of it.

• Interest rates on bonds have climbed higher than they've been in decades, making bonds increasingly more attractive.

• The Treasury’s plan to boost short-term bill issuance to fund repurchases of longer-term bonds might pressure yields lower over the near term, but we see risks it drives them higher over the long run.

The Election Question: Don't Worry Too Much

• Americans are most concerned about everyday issues like inflation and the cost of living—not major stock market shocks.
• Even if Congress changes hands after the November election, our research shows minimal impact on stock performance overall.
• Your long-term strategy should remain unchanged - history shows us that markets have weathered events far bigger than this.

To read the full Global Insight from our Global Portfolio Advisory Committee, click here.

George Davis Report

Don’t miss the August edition of the George Davis Report, where George takes stock of the factors behind our CAD forecast changes in June. With USD/CAD having peaked near 1.4250 and returning below 1.4000, we revisit the factors that drove the forecast revisions.

To access this full report, click here.

What Does It Take to Retire Well?

David Chilton, author of The Wealthy Barber, is about to find out what it really takes to retire well. After decades spent helping Canadians plan for their futures, he is now entering retirement himself.

In a recent interview on The Hart of It All, David shares what he's learned—including tough lessons from his 93-year-old father's dementia and why so many Canadians mistakenly assume the government will fully cover future care costs. A healthy retirement meanings planning for the long run, having tough conversations early, and preparing for an emergency before it happens.

To listen to the full interview, click here.