Pharus Wealth Advisory Group

10/02/2026

Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy?

In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week.

If you’d like to discuss this commentary or have questions about your investment portfolio, please get in touch with your advisor or contact us to find an advisor in your area.

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Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy? In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week. If you....

10/02/2026

The US Bureau of Economic Analysis released its personal consumption expenditure price index report for August, which showed that price pressures were lower than economists had expected but remained elevated. Combined with an upward revision to second-quarter economic growth and a strong manufacturing report, the data is pushing US government bond yields higher.

On top of that, a rising government deficit is contributing to the recent sell off in government bonds and pushing yields higher.

10/01/2026

Statistics Canada (StatsCan) released its gross domestic product (GDP) report for July on Tuesday, showing Canadian economic growth was flat after a strong second quarter.

The outlook for economic growth has been clouded in response to fresh trade tensions with the US, which is putting pressure on some key sectors of Canada’s economy. One of those sectors is steel, where a large manufacturer plans to suspend some operations.

09/29/2026

Pharus Perspectives | September 2026

What’s powering the AI investment boom—and what deserves attention beyond your portfolio?

September’s Pharus Perspectives brings together investment insights and practical wealth-planning considerations:

• Markets & investing: The infrastructure behind AI, semiconductor ETFs and the importance of valuations and diversification.

• Pharus Resources Spotlight: What should happen to a physician corporation at retirement? Explore the considerations behind keeping, restructuring or winding it down.

• Estate preparedness: Having the right documents is only part of the plan. Can the people who need them find and access them?

• CIBC Smart Advice: Turning higher income into greater financial flexibility without letting spending absorb every increase.

•Plus, a TIFF-inspired film watchlist for your fall evenings.

Read the full September edition: https://pharuswealth.short.gy/pharus-perspectives-september

Follow Pharus Wealth Advisory Group for investment perspectives and practical planning insights, and explore more resources at www.pharuswealth.ca.

09/29/2026

Following last week's meeting between US President Donald Trump and Chinese President Xi Jinping, the US and China have agreed to cut tariffs on roughly US$30 billion (C$42 billion) of goods each, offering a rare sign of de-escalation in a trade relationship that has weighed on the global economy.

The world’s two largest economies still have a long way to go to bridge their fractured relationship but this may be the first step in improving their trade and security relationship.

09/28/2026

Last week, world leaders went to New York City for the United Nations General Assembly. There, the US and Iran spoke through negotiators about reopening the Strait of Hormuz and reaching a peace deal. Reports later in the week showed the two sides are working on a phased deal to reopen Hormuz.

Looking at the week ahead, markets will continue to monitor developments in the Middle East, trade tensions between Canada and the US and several critical economic announcements. Here’s what to watch for this week.

09/27/2026

In this week’s Week Ahead, Avery Shenfeld looks at why markets have moved to price in much more rate tightening than central banks themselves have projected. At the same time, he notes that higher long-term bond yields are already putting pressure on interest-sensitive parts of the economy, which could ultimately reduce the need for policy rates to rise as far as investors now expect.

09/25/2026

Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy?

In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week. If you’d like to discuss this commentary or have questions about your investment portfolio, please get in touch with me anytime.

Economic data Markets whipsawed this week amid a sell-off in global rates. An early risk-on bid, sparked by renewed enthusiasm for agentic AI and hopes of another Middle East détente, quickly faded as inflation and structural concerns, including around fiscal-sustainability, pushed US Treasury yiel...

09/25/2026

Statistics Canada (StatsCan) released its retail trade report for July yesterday, which showed consumer spending cooled after a stronger June. Retail sales have grown over 2026, suggesting Canadian consumers have been resilient despite trade and geopolitical tensions.

Sales have also gotten a boost by higher prices, particularly at the gasoline pump. While July’s decline was discouraging, sales may have bounced back in August.

09/24/2026

Fitch Ratings (Fitch) released its September 2026 Global Economic Outlook, raising its world economic growth forecast on surprising resilience in major economies. While raising the outlook for 2026, it remains below the level of growth seen in 2025.

The world economy still faces several risks, including geopolitical tensions, trade disruptions and rising inflationary pressures. Fitch has warned that interest rates are likely to stay higher for longer.