Podcast
Bigger vs. Better
Will Simpson and Greg Wise
September 29, 2025
At Aretec, we don’t want to be the biggest, we want to be the best.
In a nutshell, because of our transition to independence, we offer more nimble portfolio management, better planning tools, superior expertise integration, and an improved client experience.
Results have been strong this year, with most portfolios well into the teens percentage-wise.
Join us for our “Realize Your Wealth” party October 16th at our Midtown Toronto office!
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Equity markets finally took a pause this week after a strong run. In the U.S., the S&P 500 snapped a three-week winning streak, logging its first down week of the month. In Canada, it briefly looked as if the TSX would break a seven-week winning streak but managed to gain just over 0.1% on the week. Still, performance remains impressive on the month, up 4.27% month-to-date. Gold continued its impressive run higher, supported by safe-haven demand and a backdrop of rising global uncertainties.
The currency market was another key theme. The Canadian dollar weakened notably, but this was more about U.S. dollar strength than domestic weakness. The DXY index climbed to 98.2 from 96.2 last week, reflecting broad-based U.S. dollar demand. For Canadian investors, this meant that despite the S&P 500 being down in U.S. dollar terms, it actually posted a gain when translated back into Canadian dollars. The loonie’s slide underscores how global flows into the U.S. dollar have picked up, with higher U.S. yields and relative growth resilience driving the move. It would appear at least for now that the U.S. dollar’s death has been greatly exaggerated.
Factor trends highlighted a clear tilt toward value, with large-cap and small-cap value indices outperforming, while growth was flat to modestly negative. Value’s outperformance reflects investors gravitating toward sectors tied to earnings stability, dividends, and cash flow as bond yields remain elevated. Rising energy prices and the resilience of financials added to this shift. At the same time, growth benchmarks stalled, reflecting a pause in the momentum-driven rally that has dominated much of the year.
If you have any family or friends that we may be able to help, we are here as a resource. We are here working for you.
We want you to be wealthy. We want you to feel wealthy.
We want you to Realize Your Wealth™.
Best,