INVESTED: November Edition

Good morning! Discover the latest trends and insights in this month’s Invested newsletter! In this issue, we focus on the ripple effects of the recent U.S. election and Donald Trump’s return to the presidency. From sweeping tariffs and pro-growth energy policies to their implications for global markets, explore timely insights from Viewpoint’s own Scott Smith, along with other perspectives from leading sources. Plus, discover strategies for private market investing, community bonds, and more! Happy reading!

VIEWPOINT SPOTLIGHT

CIO SCOTT SMITH ON THE U.S. ELECTION

Drill, Baby, Drill: Trump’s Return Fuels U.S. Oil Boom & Market Shifts

A Trump presidency, rising U.S. dollar, and shifting global oil dynamics are reshaping energy markets. Crude faces headwinds from OPEC+ cuts and slower Chinese demand, but U.S. production is set to soar with pro-growth policies. How will this energy boom impact North America and global markets? Dive into the full analysis from CIO Scott Smith to find out!

Trump’s Return to the White House: What His Economic Agenda Means for Markets & the Working Class

Donald Trump’s election as the 47th U.S. president marks a major political and economic realignment, with Republican control of Congress shaping pro-growth policies. While markets initially responded with optimism, questions loom about tariffs, immigration, and wage growth impacts on U.S. economic momentum. How will these shifts redefine the investment landscape? Read Scott Smith’s full analysis!

INSIGHTS FROM THE VIEWPOINT FOUNDATION

EXPLORING PHILANTHROPIC TRENDS & IMPACTFUL INITIATIVES

Community Bonds: Bridging Social Impact & Financial Investment

Community bonds combine financial returns with community impact, enabling non-profits to raise capital and engage supporters. With successes like Toronto’s Centre for Social Innovation raising $2M, could Calgary’s non-profits harness this tool? Explore how bonds can fuel local development and foster community pride in this article by Jessica Ratushniak.

NOVEMBER’S INVESTMENT PULSE

KEY TRENDS UNCOVERED

Trump Pledges Tariffs on Mexico, Canada and China

The Wall Street Journal analyzes President-elect Trump’s sweeping tariff plans—25% on goods from Mexico and Canada, and 10% on imports from China—signaling a dramatic shift in U.S. trade policy. Aimed at curbing drugs and illegal immigration, these tariffs risk higher consumer costs and strained trade relations. Can bold protectionism reshape America’s economy or spark global tension?

How Seriously Should We Take Trump’s Tariff Threat, and How Could It Affect Canadians?

Donald Trump’s threat to impose a 25% tariff on Canadian and Mexican imports has rattled markets, sent the Canadian dollar plunging, and sparked fears of inflation and economic disruption. With industries like auto manufacturing and energy at risk, how will Canada respond to protect its economy? Could this be just a negotiating tactic? Find out in this CBC article.

‘Déjà Vu’ Jolts Traders Across Markets on Trump Tariff Redux

Donald Trump’s latest tariff threats sent markets into a frenzy, with the Mexican peso and Canadian dollar taking a hit. As traders brace for volatile years ahead, Trump’s Truth Social posts are proving to be market movers. Will this unpredictability bring opportunities or chaos for investors? Explore strategies for navigating the Trump-era trading landscape in this Bloomberg article.

PODCAST PICK

UNLOCKING INSIGHTS, ONE EPISODE AT A TIME

How Fraudsters Are Bilking the Government Out of Billions of Dollars

Donald Trump’s plan to crack down on government fraud is making waves, but what does fraud in programs like Medicare and Medicaid actually look like? In this episode, Jetson Leder-Luis explains shocking schemes like ambulance fraud and identity theft, while exploring how the government can fight back. Curious about the billions at stake? Tune in to this Odd Lots podcast find out!

MORE TO EXPLORE

CURATED READS FOR THE INQUISITIVE

Is the Bond Market Too Bearish or the Equity Market Too Bullish?

Retail investors are underperforming the S&P 500 for the fourth straight year, highlighting the cost of trying to time the market. While strong liquidity suggests stocks may climb higher, risks like market concentration and negative equity risk premiums loom. Is diversification the key to staying invested and protected in volatile markets? Find out in this insightful analysis from the Financial Post!

Family Offices Are Rebalancing Toward Private Markets. But Do They Risk Going Too Far?

Private markets are booming as high-net-worth families turn to private equity and credit for diversification. Promising higher returns but demanding due diligence and skilled management, these investments are gaining traction as public market returns moderate. Could private markets be your edge? Explore strategies and challenges in this insightful Canadian Family Offices article.