Wealth Watch

April 2026

Source: Monthly index performance to April 30, 2026 per yahoo!finance

Prediction Markets - A Slippery Slope

Wealthsimple, a Toronto-based fintech company, has received approval from the Canadian Investment Regulatory Organization (CIRO) to offer forecast trading, allowing users to bet on the outcomes of economic and financial events, though the company has not yet announced product plans. While some experts see this as a positive move toward regulating a market with clear demand, others warn that prediction trading blurs the line between investing and gambling, could expose investors to harm, and may encourage firms to push regulatory boundaries, prompting CIRO to prohibit contracts on political and sports events and emphasize the importance of investor caution and regulatory compliance.

Prediction Markets - A Slippery Slope 

Spaghetti at the Wall - "ETF Slop"

The rapid growth and complexity of ETFs, described as “ETF slop” by Ben Felix and Dan Hallett, pose significant risks for investors, especially those using discount platforms without advisor guidance or suitability checks. While ETFs were once valued for their simplicity and safety, manufacturers have increasingly launched complex and thinly traded products, many of which fail when markets turn, as seen in early 2020. Despite regulatory acknowledgment that current mutual fund rules are inadequate for today’s ETF market, new products continue to flood the market, leaving investors exposed to risks they may not fully understand. Ultimately, the costs of this unchecked proliferation and regulatory lag will fall on investors, not the industry or regulators.

Spaghetti at the Wall

Do I Really Need a Will?

While it’s true that most people understand the need for a will, many of us procrastinate on actually getting one created. In fact, half of Canadians (51%) don't have a will. Many people avoid estate planning because they feel it's going to be complicated and expensive. In truth, creating a legal will can be straightforward and simple, depending on your situation.

Do I really need a will?

Wild Canadian Adventures

We regularly encourage our retired clients to enjoy the rewards of their years of dedication and financial discipline. From spending winters in Crete and embarking on expeditions to Antarctica, to guided tours throughout South America, our clients have experienced truly remarkable bucket-list adventures. Adding to this impressive list, one client recently booked the Great Bear Rainforest Tour—a breathtaking Canadian staycation—for herself and her son.

Outer Shores Expeditions