As August has faded away, it feels like the closing credits of summer.  We’ve had our late sunsets, dockside chats and long weekends.  Now the opening scene of fall is upon us – and with it, a return to structure, focus and fresh opportunities.

How the Markets Spent Their Summer

Compared with last year's market swings, the summer of 2025 felt calmer - though not without its own eye-catching headlines,  it still gave us plenty to watch:

• Equities:  Markets gently climbed this summer.  In Canada, gains were modest but meaningful – led by strength in sectors like technology and healthcare.
• Bonds:  Although Spring brought volatility, bond yields steadied over the summer months – making fixed income a more dependable component of diversified portfolios.
• Inflation & Rates:  Inflation in Canada continued to cool.  Headline CPI eased in July, raising hopes of near-term rate cuts.  The Bank of Canada held the overnight rate steady at 2.75%, signaling caution but also potential easing.  Markets expect a gradual easing path, with some forecasting cuts to 2.50% by the end of September and 2.25% by year-end. Let's see what the Bank of Canada September 17th meeting brings.   

What This Means for You

September is the perfect time to ask:

• Is my portfolio still aligned with my goals?
• Am I positioned for year-end strategies like tax planning or rebalancing?
• Has my appetite for risk shifted after the summer slowdown?

A quick portfolio review now can sharpen your script for the rest of the year – and give you confidence heading into what could be a busier more volatile fall.

Call to Action

Clients:  I’m booking reviews now – my team has reached out to schedule this with you – let’s confirm your spot soon.

Prospects:  Consider this your invitation.  Fall is a natural time to take stock and I’d be happy to help you step into the next chapter with confidence.

Because while summer’s credits are rolling, the fall is your chance to set the stage for a strong year end finish.