Under the new U.S. framework, all countries face a 10% baseline tariff, with significant variations above that depending on country-specific trade policies

Q3 FY2025: Markets resilient in a challenging environment Nine months into the year, markets have been stronger than many anticipated. Equity indexes posted sizeable gains, with the S&P 500, S&P/TSX, and MSCI EAFE up 13.7%, 21.4%, and 22.3%, respectively, year to date.1 Bonds also delivered positive returns of 6.1%, 3.0%, and 7.9% as measured by the Bloomberg US Aggregate Bond Index, the FTSE Canada Universe Bond Index, and the Bloomberg Global Aggregate Bond Index, respecti

Q2 FY2025: Markets digest tariffs and geopolitical tension The second quarter of 2025 was marked by a volatile and complex stock market environment, influenced by various factors such as economic indicators, corporate earnings, and geopolitical events.

The currency market is the largest and most liquid financial market in the world. Currencies like the U.S. dollar, the British pound, and the euro trade in the foreign exchange (FX) market 24 hours a day,