.jpg)
Canso Radio
Canso provides portfolio management services to Canadian institutional and private investors, specializing in fundamental research and security selection. These publications have been prepared by Canso Investment Counsel Ltd. and have been prepared solely for information purposes. Information in these publications is not intended to constitute legal, tax, securities or investment advice and is made available on an “as is” basis. Information in these presentations is subject to change without notice. Canso Investment Counsel Ltd. does not assume any duty to update any information herein. Certain information in these publications has been derived or obtained from sources believed to be trustworthy and/or reliable. Canso Investment Counsel Ltd. does not assume responsibility for the accuracy, currency, reliability or correctness of any such information. These publications may contain forward-looking statements. Statements concerning a fund’s or entity’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition are forward-looking statements. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “aims”, “may”, “will”, “would” and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from current expectations. Viewers are cautioned not to place undue reliance on these forward-looking statements. While Canso Investment Counsel Ltd. consider these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect. Please refer to the Canso website to view our source disclaimers at www.cansofunds.com/publications
Canso Radio
Listen To The July 2025 Market Observer
The theme of our previous April 2025 Market Observer was that only a fool would try to predict what would happen to the financial markets and the global economies after Donald Trump declared his Tariff War on the World. The more expertise you possessed, the less you were probably able to forecast the actual outcome. As they say, it’s not over until it’s over but rising equity markets and tightening credit spreads weren’t most experts’ first choice, but that’s what has happened.
Sources:
- Source: Canso Investment Counsel Ltd. (2025, April). April 2025 Market Observer.
- Source: Burgess, Mark. (2025, July 4). Who cares about uncertainty anyway?
- Source: Boggioni, Tom. (2025, July 5). ‘It’s all fake’: White House insider admits Trump’s trade war is just for show.
- Source: McCreesh, Shawn. (2025, Feb 28). ‘This is going to be great television’: Trump sums up his showdown with Zelensky.
- Source: Blanchfield, Mike and Hawkins, Ari. (July 6, 2025). In tech tax ‘cave,’ Trump and Carney may have both gotten what they wanted.
- Source: Rjoseph1. (June 3, 2018). Trudeau calls tariffs ‘insulting’ while Trump aide labels it as ‘family quarrel’.
- Source: Aiello, Rachel. (May 14, 2025). Canada’s new housing minister doesn’t think prices need to come down.
- Source: CNC News. (Dec 16, 2024). Read Chrystia Freeland’s letter of resignation from Trudeau’s cabinet.