I hope this message finds you well and settling into the rhythm of fall — whether that means back to school, work routines, or simply enjoying the cooler temperatures and changing leaves.
Financial Market & Global Update
The third quarter was strong for global markets, with major stock indices reaching record highs. While momentum in big tech has cooled, overall growth was supported by solid company earnings. We also saw strong performance in areas like small-cap stocks, gold, and emerging markets. Inflation remains a key theme, and with interest rates expected to stay higher for longer, inflation-sensitive investments such as commodities and inflation-linked bonds continue to play an important role in diversified portfolios.
Looking ahead, it's my belief that the economic landscape will continue to reflect earlier policy shifts. While growth may slow slightly, the economy is still showing signs of resilience. We're also seeing a shift away from markets being driven by daily headlines — instead, longer-term trends like artificial intelligence, automation, defense spending, and the restructuring of global supply chains are becoming the primary market drivers.
With many markets now back near previous highs, it’s important to continue trusting the approach we’ve already established—relying on high-quality investments, active portfolio management, and maintaining diversification across both growth opportunities and downside protection. These strategies remain key to navigating a more complex and uncertain economic environment as we approach year-end.
Personal Update
On a lighter note, I wanted to share a bit about my summer! My family and I spent plenty of time outdoors — hiking, biking, and camping in some of the most beautiful spots across Alberta and BC. One highlight was a trip to Tofino, where we gave surfing a try. Let’s just say the waves won, but we had plenty of laughs along the way.
This summer, my sister and her family came to visit from the UK, which meant our house was lively and full — in the best way. With everyone under one roof, it was a busy few weeks filled with good food, lots of laughter, and some much-needed family time.
I spent plenty of time baking with my niece and nephews, and we made the most of our beautiful Canadian backyard — fishing, exploring, and just enjoying the outdoors together. It was one of those rare stretches of time where you really slow down and appreciate the simple things.
Like many of you, I’m also managing the challenges of parenting during the ongoing school strike. My 16-year-old son has been home a lot — and let’s just say, the computer is getting more attention than I’d like! I know many families, students, and educators are in the same boat, and my thoughts are with everyone affected.
As we move toward the end of the year, annual review season is just around the corner. I’m looking forward to connecting with each of you after the holidays to review your financial plans and ensure everything is on track heading into 2026. Wishing you a cozy and colorful fall season.
-Allison Stone
Reflections on Our Current Times
It’s clear that we’re living through a time of significant change. Many Canadians feel a growing disconnect between the direction of national policy and the everyday priorities of individuals and families. There’s a sense that government decisions don’t always reflect the broader public interest—and that can leave people feeling frustrated, unheard, and uncertain about the future.
Public trust in traditional media has also declined, as people turn to social media and alternative sources for information. This shift makes it more difficult to distinguish between fact and opinion, and to find balanced, thoughtful reporting. At the same time, many of the values and lessons passed down through generations seem to be fading from view, and civic engagement is suffering as a result.
So, what can we do?
As citizens, we each have a role to play. Staying informed, asking questions, and understanding different perspectives are all important. Voting is only one part of democracy—ongoing participation and awareness are just as crucial. While family and work responsibilities naturally come first, it’s important to remember that the world we’re building will shape the opportunities and challenges future generations will face.
There’s growing concern about how government spending is being prioritized. Many Canadians wonder whether enough focus is being placed on maintaining core services like healthcare, education, social support, and public safety. At the same time, rising costs and higher taxes are placing more pressure on household budgets, making it harder for people to save and plan for their future.
This is a good moment to return to some key principles:
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Live within our means.
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Plan ahead and protect our families.
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Teach our children about hope, responsibility, and contributing to their communities.
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Value our country’s history, while learning from it and working to improve what needs to change.
It’s easy to feel overwhelmed by national and global issues, but real change often begins at the local level—with engaged citizens who care about their families, their communities, and their future.
Wishing you and your family a wonderful fall!
-Don Stone