Another Trying Week

Governments, corporations and individuals struggled again this week as the world worked to find a balance between protecting public health and managing the economic consequences of providing that protection.  Almost no one has witnessed the wide sweeping dislocation...

When the Cure Seems Worse Than the Disease

Here we go again.  Another day of fear, prompting yet another steep sell-off in global stock markets.  Here is our take on the situation: Unlike the 2008 Financial Crisis, the current episode started as a public health issue not an...

February 2020 Report

SIC Multi Asset Institutional Composite  February 2020Year to DateSIC Institutional-4.2%-3.6%Benchmark*-3.9%-2.2% * 5% T Bills, 35% Canadian Bond Composite, 20% S&P TSX Composite TRI, 20% S&P 500 C$ TRI, 20% MSCI EAFE (Net) C$ TRI For market participants,...

Waiting Out the Fear

COVID-19 COVID-19 will most certainly go down in the history books as one of those “out of the blue” events that disrupted global capital markets.  The question on our mind, however, is have authorities over-reacted to the health threat presented by this...