Q1 | March 2023

A Surprisingly Good Quarter. It may be surprising to many that the last three months provided good returns to most investors. The quarter was

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Q2 | June 2023

Off to the Races. At the beginning of 2023, the mood in financial markets was lugubrious. 2022 had been a tough year for investors, particularly for

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Q3 | September 2023

A Painful September (Again). September lived up to its reputation as a cruel month for investors. In stock markets around the world, September’s sharp

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Q4 | December 2023

2023 was a remarkable year. As the year began, the consensus outlook among investors was grim. Canada and the U.S. both were expected to slide into

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