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VPG Bulletin
April 2025

Hello everyone,
 
We know that the stock markets have been in turmoil over the past few weeks, but we'd like to reassure you and remind you not to get carried away by your emotions.
 
You need to keep a cool head and stay focused on the long term. What's more, losses are losses on paper: as long as there are no sales, there are no losses.
 
The stock market is made up of ups and downs, and it will inevitably end up recovering sooner or later. A bear market also means investment opportunities...
 
This brings us to our review of the first quarter of 2025, in which everything fits together like a Lego game: tariffs, energy, interest rates, inflation, volatility, crude oil...
 
This is available in English or French, plus a downloadable pdf available here (French) or here (English).
 
It was a profitable quarter for balanced portfolios, while tech stocks and US equities ended the period at half-mast.
 
And what a fall it was! Ouch... To see for yourself, go to page 3 of the pdf and look at the graph at top right. The drops are dizzying.
 
A major new feature: we've translated our work using artificial intelligence (AI). You'll be able to hear Hossein Ghaffari Aram's words in French for the first time, in a world premiere! 
 
All kidding aside, please let us know what you think of this innovative technology. We think it's a great advantage for you, our customers, to be able to hear our talented strategist in French.


 
See you soon!
 
Francis, Michael, Hossein, Jean-Marc, Kristopher and Stéphane

 

Focus: As ''Buy Canadian'' grows, more US companies say retailers turning away their products 
Image credit: OpenClipart-Vectors, Pixabay

The "Buy Canadian" movement is sending new ripples of concern through the executive offices of U.S. - based consumer companies that banked on selling their products on Canadian retail shelves.

Read more
 

Top things to do in Canadian Maritimes
 
Image credit: Willfried Wende, Pixabay

The Canadian Maritimes offer a unique experience with its stunning coastal landscapes, rich maritime history, and friendly locals.
 
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Francis Sabourin
Portfolio Manager
Investment Advisor
Tel.: 514.989.4844  •  Email
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Francis Sabourin
Wealth Management

1250 René-Lévesque Blvd. West
Suite 1500
Montréal, QC  H3B 4W8

www.FrancisSabourin.com


The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson Wealth Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Insurance services are offered through Richardson Wealth Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Richardson Wealth is a trademark of James Richardson & Sons Limited, used under license.
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