Insights

A compilation of our perspectives and predictions in various formats, from published articles to quarterly reports, webinars and case studies. 

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TriDelta Insight Q2 Commentary – Moving into a declining rate environment

Market Overview The second quarter of 2024 brought with it the highly anticipated first move lower for interest rates in Canada and Europe. The move won’t do much, by itself, to reduce monthly payments on mortgages, car loans or lines of credit, but it kickstarts a shift in monetary policy that should see interest rates…

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TriDelta Insight Q1 Commentary – A Solid Start to the Year

Market Overview The first few months of 2024 proved to be generally positive, capitalizing on the momentum seen in the final months of 2023 and broader participation among non-technology stocks. This continued optimism helped stock markets trend positive despite investors predicting less interest rate decreases in 2024 than initially thought and the risks of an…

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TriDelta Insight Q4 Commentary – What’s Next?

Market Overview 2023 will be remembered as an interesting year for investors and one which was making out to be a very lackluster year for most international markets until investors were gifted the “Santa Claus Rally” many craved. This gift came in the form of renewed hope for declining interest rates which spurred returns in…

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TriDelta Insight Q3 Commentary – Be Nimble & Stay Humble

Market Overview The third quarter brought much of the volatility we had been missing since earlier this Spring as the S&P 500 had its worst stretch since the U.S. banking crisis in March and the steam behind the AI (Artificial Intelligence) rally began to wane. In our second quarter commentary we spoke of the narrow…

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TriDelta Insight Q2 Commentary – The Magnificent 7

Market Overview Gloom-and-doom pessimists who predicted 2023 would be a year of economic misery have so far been wrong as the long-anticipated recession has failed to materialize while markets continued to rebound from their 2022 lows. Stubborn inflation, a debt ceiling brawl, banking crisis, and the likelihood of even higher interest rates have done little…

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TriDelta Insight Q1 Commentary – Still Looking for Broader Traction

Market Overview The first three months of 2023 saw much of the financial drama we have grown accustomed to coming off a volatile few years. Stock markets continued their momentum from the end of 2022 into January but pulled back in February on renewed fears of a recession and concerns markets may have got ahead…

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TriDelta Insight Q4 Commentary – Putting 2022 In Its Place

Market Overview 2022 was a rollercoaster year that saw war between Russia and Ukraine, fears of an energy crisis, surging inflation, and central banks raising interest rates at a pace not seen in decades. While it’s impossible to summarize a year in just a few sentences there are several points from 2022 worthy of note:…

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TriDelta Insight Q3 Commentary

Market Overview Coming off a difficult June, markets were optimistic heading into the early stages of the third quarter. By mid-August markets in Canada and the U.S. were strongly positive on several good news stories. Recession fears eased on the back of improving economic data and inflation showing early signs of having peaked, and company…

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TriDelta Insight Q2 Commentary

Overview While it’s undoubtedly been a difficult first six months of the year, there are still positives. A strong job market, companies buying back their own stock, signs that pessimism had gone too far, and strong bank balance sheets have helped provide some support. The consumer has also largely continued to spend, helped by rising…

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Market Commentary for June 2022

Two Important Sources of Value – Stocks and Emotions In May, the S&P500 dropped as much as 11% in the first 3 weeks and ended the month roughly flat.  In a month like this, and in a year like 2022, it is very important to start with investments that are valued at least somewhat reasonably,…

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Market Commentary for May 2022

Why There is Reason for Optimism In March of 2020 the markets suffered one of the steepest drops in recent memory. From peak to bottom, the S&P 500 fell 35%. In hindsight many people who had been through the Great Financial Crisis a decade earlier saw this as an excellent opportunity to invest, while others…

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TriDelta Insight Q1 – Managing through change

Overview The world is a difficult place to navigate in the best of times, and Q1 2022 was certainly not the best of times. In this quarterly review, we will look at: Interest Rates and Inflation TriDelta’s current view on stocks, alternative investments, bonds and preferred shares Some personal finance highlights from the recent Federal…

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TriDelta Q4 Review – Back to ‘normal’

Overview At the end of December 2018, markets had just completed one of the worst quarters in several years.  The general view was very weak. Today, many investors are much more positive after very strong returns in 2019. Where that leaves us today is much more in the middle in terms of our outlook for…

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TriDelta Q3 Report – Are the markets in better shape than you thought?

Overview It is amazing how the day to day can seem very volatile, but when you step back far enough, returns have been fairly steady.  Q3 was one of those quarters.  July was good, August was bad, and September was good.  When you add it all up, the quarter was not great, but decent. The…

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TriDelta Q2 Report – The Fed to the Rescue

The second quarter of 2019 has felt a little like Canada’s Wonderland. You climb the roller coaster, then you experience big ‘wind in your hair’ descent, then another climb. At TriDelta, we definitely work to smooth out your portfolio returns much more than the typical stock market, but I am sure that most of you…

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Q1 TriDelta Investment Review – Everything is good again….isn’t it?

Overview After double digit declines in Q4 2018, Q1 2019 saw a significant bounce back. We saw double digit increases in the TSX at 12.4% and in Canadian dollar terms, the S&P500 at 10.8%, with a 7.1% gain in the Euro Stoxx 50 and 2.8% in Japan. Leading the way in gains in Canada was…

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Q4 TriDelta Investment Review – Out with the old and in with the new

Overview Q4 and in particular December, was a period to forget from an investment perspective. An example of the damage includes the following quarterly returns in their home currency: S&P 500 (US) -14.6% TSX (Canada) -11.1% Euro Stoxx 50 -11.7% China Stocks -12.1% Japan Stocks -16.4% Oil Prices -40.0% CDN Preferred Shares -11.6% Fortunately, TriDelta…

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Q3 TriDelta Investment Review – TriDelta is Expanding, but What About the Market?

Overview We wanted to kick off the fourth quarter with some TriDelta news, by announcing the opening of TriDelta’s Edmonton office. The office is led by Arlene Pelley, an industry veteran who is joining the firm and planting the TriDelta flag in Western Canada. Click here to learn more about Arlene’s background. Turning from TriDelta…

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Q2 TriDelta Investment Review – Global Trade: Long Term Problems or Short Term Worries

OVERVIEW As we languish in summer heat, we feel anguish in summer Tweets. If there has ever been a larger global megaphone than President Trump’s Twitter account, we don’t know what it is. While we try our best to ignore most of it in order to prevent overreactions when it comes to investing, the prospect…

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Q4 TriDelta Investment Review – From Great to OK – Moving from 2017 to 2018

2017 – the year without a stock market correction The Ebola Virus, Greek Crisis, Debt Ceiling, Refugee Crisis, Global Warming, Brexit, Trump, North Korea…there is always something scary for the media to report and make us nervous. Usually, these headlines frighten investment markets. For some reason, 2017 didn’t see this. In many major markets, there…

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Q3 TriDelta Investment Review

How did Markets do? The 3rd Quarter report would have had a different feel if it was written in early September.  At that point Bonds were down, Canadian stocks were down, and with a strong rise in the Canadian dollar, US stocks were down in Canadian dollar terms. Fortunately the quarter ended on September 30th,…

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Q2 TriDelta Investment Review – What a Rising Interest Rate World Means

Are Central Banks Starting to Hit the Brakes? On July 12th, the Bank of Canada raised interest rates for the first time in seven years.  While the pace of interest rate increases in Canada is likely to be slow and very gradual (0.25% increases at a time), it does reflect a significant change for the…

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Q1 TriDelta Investment Review – What a great start to the year!

After a great first quarter for our clients, stemming from high exposure to U.S. stocks, preferred shares, and high yield bonds, our investment direction is shifting slightly.

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TriDelta Investment Counsel Q4 Report – In 2017 while the noise gets louder, facts matter more than ever.

10 Facts for 2017 and what it means to you For a 65 year old couple, there is a 90% chance at least one will live to age 80. For a 65 year old couple, there is a 48% chance at least one will live to age 90. Since 1926, average returns for the S&P500…

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TriDelta Investment Counsel Q3 Report – Time to Visit the U.S. Markets

Executive Summary When looking at interest rates, currencies, real estate risk, Oil and the overall economy, the Canadian market is looking weaker than the U.S. market. We believe, in particular, that real estate risks are much higher in Canada than the U.S., and it is playing an important factor in our investment philosophy. As a…

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TriDelta Investment Counsel Q2 2016 Report: Markets move higher – even with all the dire headlines.

Executive Summary Brexit, Trump and Terrorism.  Take all that together, and surprise, surprise, the markets went up.  In the second quarter of 2016, the Toronto stock index closed up 4.6%.  The DEX Universe Bond index closed up 2.6%.  The S&P500 US index in Canadian dollars closed up 1.9%.  All looks pretty good. Even leaving North…

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TriDelta Investment Counsel Q1 2016 Report: Signs of Light but No Need for Sunglasses Yet

Executive Summary Where everything Canadian was bad in 2015, in terms of local currency, Canada was the place to be in Q1.  In an economy that still remains very commodity driven, Canada had the double benefit of better numbers in Oil, metals and mining, and with it the support of a stronger Canadian dollar. Canadian…

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TriDelta Investment Counsel – Q4 2015 Investment Review

Some people believe that the grass is always greener on the other side of the fence. Well in 2015 it was true, if you were a Canadian and your fence looked over at the U.S. border. From an equity and currency perspective, the U.S. meaningfully outperformed Canada. Although 2015 was a difficult year, with Canadian…

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TriDelta Investment Counsel – Q3 2015 investment review

Executive Summary – Stock Market Corrections have a Silver Lining Well, that wasn’t a fun quarter for anyone. We do believe that much of the damage is now behind us, and in most cases, clients remain in positive territory for the past year during a time when the Toronto stock market has dropped 11%. In…

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TriDelta Investment Counsel – Q2 2015 investment review

Performance Summary – TriDelta clients minimizing the damage Overall, the second quarter of 2015 was one of the weaker quarters in a long time.   Of interest, there wasn’t really anywhere to turn to find good numbers on the quarter.   Among indices, the results were the following: Index % Change S&P/TSX -2.3% S&P500/US –…

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TriDelta Investment Counsel – Q1 2015 investment review

Executive Summary – Good times in the stock markets may last a while Another quarter rolls by, and overall, it was another quarter of very solid returns for our clients. Can the good times for investment markets continue?   The pessimists of this world say “this has got to end soon”. The optimists say “maybe…

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TriDelta Q3 2014 Investment Report – Keeping the faith when the news is bad

Executive Summary Last quarter, our message was that Q3 is historically a positive quarter, but not as strong as Q1 and Q4. The message was also that we should expect to see our recent string of 1%+ monthly returns come to an end. Well it took until September, but it did indeed come to an…

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