March 2025: Staying Resilient Amid Uncertainty

Many of my clients have shared concerns about how recent aggressive policies toward Canada might impact their wealth and retirement investments. While uncertainty is always a part of investing, I want to reassure you that we have a disciplined and balanced strategy in place. We don’t react emotionally to market turbulence—instead, we focus on what we can control and make decisions that align with our long-term goals.

Proactive Steps We Took

Rather than waiting to react, we proactively positioned your portfolios to help lower risk and reduce volatility. Here are a few key actions we took before the tariff threats emerged:

• Portfolio Rebalancing: A few months before the U.S. election, we took profits from the gains we made over the past 18 months, ensuring we locked in some of our success.
• Adjusting Stock Allocations: We reduced exposure to equities to create a more balanced risk profile.
• Adding Principal-Protected Notes (PPNs): To safeguard our Canadian investments, we introduced PPNs, which help protect capital while still offering growth potential.

Looking Ahead: Our Commitment to Stability and Growth

As we navigate these changing times, I remain committed to assessing risks and opportunities while ensuring your investments are well-positioned for the future. Here are some steps we are actively working on:

• Reviewing Portfolio Holdings: Ensuring that our current investments remain suitable for the evolving economic landscape.
• Expanding International Exposure: Increasing diversification outside of North America to access new growth opportunities.
• Enhancing Fixed Income Allocation: Strengthening our bond exposure to add stability to portfolios.
• Exploring Alternative Strategies: Seeking investment solutions that hedge risks and provide resilience in uncertain times.

While market volatility can be unsettling, it’s important to remember that we have a clear plan in place. By staying disciplined and proactive, we can continue to navigate these challenges together and keep your financial future secure.

If you have any questions or would like to discuss your portfolio in more detail, please feel free to reach out.