In this edition of Market Monitor, Leonie MacCann, Head of Client Investment Solutions at Keyridge Asset Management, Jeff Bradacs, Co-Head of Equity Strategies and Head of Portfolio Management & Training at PICTON Investments, and Claire Thornhill, Partner at EdgePoint Wealth Management, share their perspectives on today’s markets and how they are positioning portfolios for clients.
Leonie MacCann begins by acknowledging heightened market volatility, driven largely by geopolitical tensions such as the U.S.–Iran conflict. While short-term uncertainty is dominating headlines, she emphasizes the importance of looking beyond the noise. From a medium- to long-term perspective, she sees resilient—though fragmented—global growth supported by broad-based fiscal stimulus in the U.S., Europe, and Japan. Strong corporate earnings, healthy consumer balance sheets, and growing adoption of artificial intelligence are also expected to support productivity and markets over time.
Jeff Bradacs highlights two long-duration themes especially relevant to Canadian investors: artificial intelligence and commodities. Massive global spending on AI infrastructure, particularly data centres, is creating demand across the power, utilities, and energy supply chains—areas where Canadian companies can benefit. He also points to select commodity cycles being driven by supply shortages after years of underinvestment, creating potential opportunities despite ongoing volatility.
Claire Thornhill explains why her team welcomes volatility. Market pullbacks create opportunities to buy high-quality, resilient businesses at more attractive valuations. At EdgePoint, the focus remains on companies undergoing positive change that the market may be temporarily overlooking.
Together, the speakers reinforce a disciplined, long-term investment approach focused on diversification, fundamental value, and navigating uncertainty with confidence.
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The views expressed in this commentary are those of Keyridge Asset Management Limited, Picton Mahoney Asset Management and EdgePoint Wealth Management as at the date of publication and are subject to change without notice. This commentary is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice. Prospective investors should review the offering documents relating to any investment carefully before making an investment decision and should ask their financial security advisor for advice based on their specific circumstances.
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Publication date: May 4, 2026.
