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With more than 30 years of experience navigating US equity markets, Sunil Reddy, Head of Fiera Apex and Lead Portfolio Manager of Fiera Capital’s US Small-Mid Cap Growth strategy, has witnessed multiple market cycles and shifting investment paradigms.

Limited Recourse Capital Notes are an evolving segment of the Canadian fixed-income landscape.

Learn more about private credit, an attractive and highly versatile asset class, in our latest white paper.

Financial markets began 2025 on a positive note following the inauguration of President Donald Trump in mid‑January – even despite his looming threats to impose tariffs on Canada, Mexico, and China.

Risk appetite deteriorated and financial markets were mainly in risk-off mode in February, with mounting risks of a trade war injecting some volatility into the marketplace and weighing on investor sentiment.

The first quarter ended on a softer note, with President Trump’s disruptive trade proposals and mounting stagflation fears driving investors out of risky assets.

In April, financial markets were whiplashed by a flurry of headlines on the trade front. While “Liberation Day” was met with sweeping tariff announcements, the trade war between the United States and China escalated with tit-for-tat levies.

In response to the recent and ongoing tariff announcements, Jean-Guy Desjardins and Candice Bangsund share their perspectives and analysis on their potential impacts on the global economy. Filmed on April 9, 2025.

A tumultuous year in financial markets ended on a downbeat note.

The new year got off to a roaring start on rising hopes for a soft landing for developed economies