News and Insights

At the beginning of the year, several sources of uncertainty were fueling investor nervousness. Donald Trump had just been re elected and was preparing to begin his second presidency. He had clearly expressed his intention to act forcefully on economic and immigration issues. The unpredictability of his new administration, particularly regarding trade policy, illustrated by the announcements of reciprocal tariffs made during the so called Liberation Day and the market fluctuations that followed, revived fears of a return of inflation and of a possible slowdown in the global economy.

When talking about risks related to financial markets, we usually think of volatility (standard deviation). Yet for many investors, the most concerning risk may be something entirely different: the risk of living longer than expected and depleting their retirement savings.

Equity markets delivered strong returns during the quarter, supported by expectations of monetary easing from central banks, continued demand linked to artificial intelligence, and a relative easing of trade tensions.

Having over a billion dollars under management is more than just a number. It's a reflection of the confidence our customers have entrusted us with over the past 30 years. It is an immense source of pride, privilege and, above all, an enormous gratitude. Allard, Allard & Associés means being better invested, not just for the next quarter, but for the next generations.

Since our beginnings in 1995, investing in equities has proven highly profitable for investors. Over this 30-year period, Canadian and U.S. stock markets have delivered total returns of approximately 1,100% (8.7% annually) and 1,950% (10.4% annually in USD), respectively.

Allard, Allard & Associés proudly announces that it has joined the EntreChefs PME network as a collaborating expert.

In 2024, we wrote: “The dominant theme of 2025 is likely to be geopolitical tensions. Behind the curtain, there will be a focus on the uncertainty caused by the disruptive impact of a second Trump presidency, particularly on immigration and trade.” That prediction has proven true. And yet, until now, the economy has remained strong, supported by a resilient job market, declining inflation, and accommodative monetary policy.

Since the Trump administration took office last January, a wind of change has swept through U.S. economic policy. One of the most striking measures has been the push to impose tariffs on imports from Canada.

Louis Allard, President of Allard, Allard & Associés, is pleased to announce the appointment of Stéphanie Robichaud as General Manager. This decision reflects the Board of Directors' commitment towards structuring the organization to support its growth and ensure the firm’s long-term success.

The year 2024 will have been very rewarding for investors, as stock markets posted outstanding results. What were the main factors behind this performance? And above all, how can you take full advantage of this environment to shape the future of your own portfolio?