Podcast
Risks and Opportunities
Will Simpson and Greg Wise
April 17, 2025
Opportunity is out there amidst volatile markets. Here’s how we’re navigating risks and opportunities.
It was a tale of two markets in a shortened trading week. The TSX climbed 2.6%, led by strong gains in Energy, Health Care, and Real Estate. In contrast, U.S. equities sold off, with the S&P 500, Nasdaq, and Dow all finishing in the red as sectors like Tech and Consumer Discretionary weighed. International markets were bright, with Europe and Japan posting solid gains in CAD terms.
No surprises from the Bank of Canada, they held steady on rates. Meanwhile, the ECB went ahead with a cut, citing a weaker growth outlook thanks to ongoing trade tensions. Over in the U.S., Fed Chair Jerome Powell said they’re holding off on any moves until they get more clarity on the economic data. But he also warned that Trump’s tariff push could throw inflation and employment even further off course.
Then, President Trump’s post referencing Powell’s termination only added to the uncertainty in U.S. markets. When the President weighs in like this, it becomes even harder for investors to make sense of what’s next.
Next week is likely to remain volatile as we start getting into the midst of earnings season, but we remain ready for anything.
We want you to Realize Your Wealth™.
Best,