Wealth Watch

June 2026

 

S&P/TSX COMP	S&P 500	NASDAQ	MSCI EUROPE	NIKKEI 225	RUSSELL 2000
0.29%	-1.09%	-2.74%	1.01%	5.57%	4.31%

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

 

 

AI Investment – Are we overestimating short-term prospects?

 

Last week’s US job report showed economic resilience, but underlying strength is less robust than it appears, supporting forecasts for Federal Reserve rate cuts in 2027. The waning impact of AI investment on growth is driven by rising energy demands, rapid depreciation of AI assets, reliability concerns, market saturation, regulatory complexity, and shortages in chips and talent. These factors are increasing operational costs, reducing investment returns, and creating bottlenecks that limit further expansion. Ultimately, while AI continues to transform industries, short-term expectations for its growth are likely overstated.

CIBC Economics

 

 

The Absence of Driverless Cars in Canada

 

Canada lags behind other countries in adopting driverless car technology, despite the proven safety and mobility benefits demonstrated by companies like Waymo and Baidu. Bureaucratic hurdles and restrictive regulations are preventing the rollout of self-driving vehicles, even though these cars operate safely in similar climates elsewhere. This resistance to innovation reflects a broader issue, as Canada’s institutions and workforce tend to adopt new technologies only after they are proven abroad, resulting in a technological and productivity gap. The article argues that embracing new technology could position Canada as a leader in innovation and economic growth, rather than perpetuating its current status quo bias.

 

Driverless Cars

 

Financial Planning for People with a Disability

 

Over one in four Canadians aged 15 and older lives with a disability, underscoring the need for specialized financial planning for this group. Their risks and opportunities are distinct, requiring a team of professionals equipped to offer expert guidance. Our team is dedicated to meeting these needs, leveraging our experience, education, and the extensive resources of CIBC Private Wealth to deliver comprehensive planning solutions.

 

Changes to the Disability Tax Credit

 

 

Where are Canadians going?

 

With inflation resurfacing, ongoing cross-border tensions, and geo-political concerns dominating the headlines, Canadians are reconsidering their travel plans. Members of our team have recently enjoyed trips to Costa Rica, Morocco, Tanzania, and Greece. Clients have shared stories from their own journeys to Ireland, Japan, Italy, and Indonesia. If you’re contemplating a staycation or planning a first-time travel experience somewhere unique, you’re not alone.

 

2026 Travel Plans