Sionna Investment Managers®
We are pleased to have recently added Sionna Investment Managers within our Canadian Equity allocation across the CAP portfolios. Please join us as founder and lead Portfolio Manager, Kim Shannon, discusses the firm and their investment approach. Sionna is well regarded for its Value discipline and Kim outlines how their Relative Value approach is well suited to capturing returns and controlling risk in the Canadian Equity market. We are confident that Sionna will contribute to both better returns and risk-control across the CAP portfolios.
Market Commentary – July 2026
Please join us as our Chief Investment Officer and Portfolio Manager, Murray McLean, provides a review of the second quarter and shares our thoughts about the markets looking ahead. Similar to last quarter, the US-Iran war was a key driver for the markets as well as for expectations about economic data. We have been surprised by how the equity markets have been looking through the conflict and that energy prices have not been higher under a prolonged 20% supply shock. Murray also addresses the change in leadership at the US Federal Reserve and how price stability has become the primary focus. We note that US markets are pricing in the risk of higher interest rates looking out to year end but here too, the Iran war and oil prices are essentially “wild cards” to future interest rates.
Benefits of consolidating assets with Open Access