Interesting Reading

You would like to deepen your knowledge of finance? Here are some articles, opinion pieces and relevant analyzes selected by our team of investment advisors.

Asset allocation strategy

May 1st 2018 – National Bank
Author: Martin Lefebvre, Simon-Carl Dunberry, Louis Lajoie

If you hope volatility will revert back to pre-February levels, think again, as politics continue to take the lion’s share of attention in most investors’ minds.

Investment strategy


It’s becoming clearer why world GDP growth accelerated sharply last year. The latest data from the CPB showed trade volumes not only reaching a new record but also growing in 2017 at 4.5%, the fastest pace since 2011.

Asset allocation strategy

October 2016-National Bank
Author: Martin Lefebvre, CIO and Strategist
Simon Carl Dunberry, Senior Analyst

Between a rock and a hard place Domestically, it’s undeniable that U.S. treasuries have benefitted from a very favorable environment in recent years. Not only have global risks such as Grexit and Brexit pushed the Fed into constantly postponing any projects to hike, but these have also spurred global demand for safety assets.


June 2015 - National Bank Financial
Author: Monaco Major Group

It is not always easy to find straightforward, personalized advice on managing your wealth with clearly identified management fees. Our myWEALTH program offers exactly that! It also enables your advisor to incorporate every aspect of wealth management into a comprehensive service offering.


June 2015 - National Bank Financial
Author: Fiera Capital Corporation | Strategic Investment Partnerships

The ongoing stalemate between Greece and its creditors and speculation around the timing of Federal Reserve rate liftoff dominated the marketplace in May.

Special report « Good resolutions 2015 »

December 2014
Author: Monaco Major Group

Check our special report for a successful start to the year and a simple and stress free financial health!

Asset Allocation Strategy

December 4th 2014
Author: Martin Lefebvre
Asset allocation and Investment strategist - Nationale Bank of Canada

Market review
November was a good month for most major asset classes. With increased forward guidance from the European Central Bank (ECB) and a surprise cut from the People’s Bank of China, the strong rally in equities from the October bottom continued well into last month.

Alibaba who? Chinese online retailer prepares for IPO

September 9th 2014
Author: Jessica Toonkel
Reuters -

When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.

Vancouver rents seen rising faster than home prices

July 31th 2014
Author: Tara Perkins – Real estate reporter
The Globe and Mail

Rents are poised to grow faster than home prices in Vancouver, rating agency DBRS predicts. In the long run, the rental market should move along with the housing market in any given city, DBRS suggests.

Protéger ses actifs d'une poursuite
Available in French only

July 23th 2014
Author: Martin Primeau
La Presse +

Comment protéger ses actifs des créanciers. Être propriétaire dirigeant, c’est s’exposer à un risque accru de poursuite et donc mettre en péril ses actifs. Comment se protéger?

Monthly economic monitor

June 2014
Author: Economics and Strategy Group
National Bank Financial Markets
A division of National Bank of Canada

While the global economy continued to expand, economic growth decelerated a bit in the first quarter of the year. Japan’s stellar Q1 was offset by disappointing performances in emerging economies, the euro zone and the U.S. We have therefore lowered our 2014 global growth forecast to 3.5% which, nonetheless, still represents an acceleration from last year’s pace.

Redefining the Limits to Growth

March 18th 2014
Author: Stephen S. Poloz - Governor presented to Halifax Chamber of Commerce, Halifax, Nova Scotia
Bank of Canada

I want to speak today about a different kind of headache: the prolonged lacklustre economic growth we are experiencing, here in Canada, but also globally.

Buffett: I'd be 'surprised' if stock prices drop 50%

March 14th 2014
Author: Alex Crippen

Warren Buffett told CNBC on Friday he would be "surprised a lot" if stock prices around the world fell 50 percent from their current levels in the near future. He predicted there will be another financial crisis "someday" in the years ahead that will shock financial markets, but he doesn't think it will happen anytime soon.

Le prix des maisons sous-évalué?
Available in French only

March 12th 2014
Author: La presse canadienne
Les affaires

Pendant que le vigoureux marché canadien de l'habitation tente d'apaiser les craintes quant à un éventuel écroulement des prix des maisons, un nouveau rapport fait valoir que la plus grande menace pour l'évaluation des demeures réside dans les modifications aux règles hypothécaires mises en place par le gouvernement fédéral.

PKP et les salaires des fonctionnaires
Available in French only

March 12th 2014
Author: Francis Vailles
La Presse

Dans quelques mois débutera l'un des exercices les plus difficiles pour un gouvernement: le renouvellement des conventions collectives des employés de l'État. Le champion des lock-out, Pierre Karl Péladeau, aura-t-il un rôle à jouer à ce chapitre?

Momentary Pause for reflection

March 6th 2014
Author: Greg Dean
Cambridge Global Asset Management

BLOG. I recently spent three days in San Francisco at a Global Technology and Media conference. I was there to investigate sectors that I have yet to cover as an analyst. There were some very clear takeaways, including feelings of rampant euphoria for early stage, high-growth tech companies, and ideas to follow up on (more on these in subsequent posts). What I found really interesting was how big the appetite for risk is right now – this includes investors, analysts and company management teams.

Update from conference in Orlando

March 5th 2014
Author: Brandon Snow
Cambridge Global Asset Management

BLOG. Every year, I attend the Raymond James Institutional Investors Conference in Orlando, Florida. The conference includes presentations by senior management teams of more than 200 companies across all industries, and I had the pleasure of meeting with over 20 companies during the last few days. This gave me the opportunity to check in on a number of portfolio holdings – and I am excited to have found a half-dozen potential new ideas.

Le repoussant jargon financier
Available in French only

March 4th 2014
Author: Bernard Mooney
Les Affaires

BLOGUE. J’ai lu un article la semaine dernière dans un quotidien montréalais dont le jargon financier m’a donné des frissons de dégoût.

Providing fiscal stability to foster growth and investment: 2014-2015 federal budget highlights

February 2014
Author: Peter Drake, Vice-President, Retirement and Economic Research Fidelity Investments
Fidelity Investments

The 2014 federal budget stays the course to achieve a balanced budget by 2015-2016. With continued political and economic uncertainty in the U.S., Europe and emerging markets, a fiscal policy directed towards stability and prudence should help support investor’s confidence in the Canadian capital markets.

Berkshire Hathaway – Annual letter

February 28th 2014
Berkshire Hathaway Inc.

To the Shareholders of Berkshire Hathaway Inc.:

Portfolio Update/Weather Matters Again

February 5th 2014
Author: Brandon Snow
Cambridge Global Asset Management

BLOG. Portfolio update: The markets entered the year with high expectations for equities which have recently come back down to earth. The trigger for the “risk-off” trade was the pressure on emerging market (EM) currencies (and bonds by proxy) which rippled through consensus longs in Japan and U.S. equities, and shorts in treasuries and gold. We have also seen some less-than-stellar economic data points out of the U.S., which has exacerbated the sell-off. As many of you know, we always worry about what can go wrong. We have been highlighting EM as a risk for a few years now, but at this point we are not seeing any signs of contagion.

Lessons from Intrawest

January 22nd 2014
Author: Brandon Snow
Cambridge Global Asset Management

BLOG. One of the mistakes I can look back on from early in my career was with a stock called Intrawest. I started covering the company in 2004 and felt that it was not particularly well managed at the time and that its stock was overvalued. It spent most of 2004 between $20 and $25, but began moving higher in 2005. I remained negative while the portfolio managers I worked for (namely Alan Radlo) were on my case as the bull scenario was playing out and the stock continued to rise.

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