Paul's Market Insights
Paul's Market Insights is our bi-weekly communique to provide clients with current insights on financial markets.
Written by Paul Siluch
February 21st, 2025
How many people had Canada becoming the 51st state on their dance card for 2025?
No one except, perhaps, the current U.S. president. Which assumes this was planned in advance and not simply something dreamed up in the middle of the night.
Canada is the second largest country in the world by geography. It is an unwieldy land mass, blessed with water and natural resources, but cursed with ice, mountains, and bad weather. Our dueling nationalities of French and English have pulled us apart since Confederation; meanwhile, the U.S. covets our treasures.
- Boy Scout motto
Sometimes you get snowed in by an unexpected blizzard. It never snows in Victoria, right?
And sometimes you get snowed by a friend. The US, in this case.
Stock market history tells us the first year of a new president’s term is positive for markets. But as we were reminded this week, a year is a long time. Sometimes the unexpected happens.
