Midyear market commentary - Third Quarter 2022

Global markets declined again in the third quarter as inflation remains near multi-decade highs, geopolitical tensions escalated further and the... Download the complete text

Midyear market commentary - Second Quarter 2022

It has been a difficult start as markets faced a laundry list of concerns, notably new COVID lockdowns and economic weakness in China, Russia/Ukraine war, surging inflation... Download the complete text

Difficult start to the year on the markets - First Quarter 2022

War, inflation, and lingering impact of the pandemic made the first quarter a historically difficult one for both the stock and the bond markets. Download the complete text

Market Review - Fourth Quarter 2021

2021 was another year of turmoil marked by new COVID variants, disruptions of supply chains and inflation levels never experienced for many investors. Despite this backdrop, equities had a strong year... Download the complete text

Market Review - Third Quarter 2021

In Q3, we saw a shift in the narrative as investors' expectations, driven by strong economic data and corporate profitability, were counter-balanced by high inflation resulting from supply chain disruptions. Download the complete text

Allard, Allard & associés turned 25

During the pandemic, our firm turned 25. Even though the lockdown rules have prevented us from celebrating with the people who have contributed to the success of our firm since its creation, the anniversary still deserves to be highlighted. Download the complete text

The start of a great rotation

The markets have seen a marked shift in favorable investment styles over the last six months. Our strategies are well aligned with this shift and have significantly outperformed. Download the complete text

The year of COVID-19

Our memories of this last year will undoubtedly be linked to the global pandemic that defined it. From an economic perspective, the pandemic will have resulted in the worst recession since the Great Depression. Download the complete text

Summary of the 2020 third quarter

The quarter unfolded in two distinct phases. In July and August, markets continued under the previous quarter's momentum, encouraged by the strength of the job recovery and rising industrial production and discretionary spending. Download the complete text

2020 : The stock market in context

Everything was going well for the markets until the Coronavirus showed up. Fearing the effects of contagion of the virus, the governments paused their economies and investors nervousness increased considerably. Download the complete text

2020 : Stock Market Investment: Back to Basics

In this time of uncertainty, we felt that answering a few simple questions could help put some of the recent events back into perspective. We will also, in so doing, reiterate some of the core principles supporting the argument for stock market investing and provide you with some relevant data points. Download the complete text

A tale of two markets

Major stocks markets around the world advanced substantially over the past year, offering returns of more than 20% overall. Download the complete text

Is the value style still relevant?

Since the credit crisis more than 10 years ago, growth stocks have done better than value stocks. The extent and persistence of the growth style's outperformance over value style during this period has led many investors to question the current and future relevance of the value approach when investing.  Download the complete text

The real value of ESG investing

Environmental, Social and Governance (ESG) investing can be summarized as an additional set of considerations prior to investment decision-making.  Namely, asset managers aim to incorporate both a company’s financial returns as well as their...  Download the complete text

2018: A self-fulfilling crisis

Early optimism exhibited in the stock market was overcome by increased pessimism and caution in the final months of 2018. Investors grew nervous in the face of rising geopolitical tensions... Download the complete text

Growth stocks lead the markets

In recent years, growth stocks have largely outperformed the various stock markets around the world. This trend has accelerated sharply since the beginning of the current year.  Download the complete text.

When inflation wakes up

In the following article, Louis Allard, portfolio manager and president at our firm, shares his main concerns about the economy and the financial markets. Read the article (In French only)  LA PRESSE+, MARTIN VALLIÈRES, May 14th 2018.

A volatile first quarter to start the year

In the first quarter of 2018, investors had sharp reactions to the political, monetary and economic headlines. These included election meddling investigations, White House turnover, global interest rate levels, commodity price movements and oil inventories to name a few.  Download the complete text

"Blue chips": 3 stocks that Alexandre Legault likes

In this article from Les Affaires about blue chips, Alexandre Legault talks about 3 stocks he likes.  Click here to read the article (in French only).  Jean Décary, Les Affaires, February 10th, 2018

Against all odds, 2017 was a strong year for stock market returns

In 2017 there were, many significant events, notably: The rise of tensions between North Korea and the United States, the Catalan independence vote, numerous terrorist attacks, strong and numerous tropical storms, earthquakes, the “paradise papers”, etc. Download the complete text 

Resources are setting the pace for the Canadian market

After spectacular returns in 2016, Canadian equity performance stagnated in the first half of 2017, with the S&P TSX Index returning 0.7%, lagging both US and international equity markets. Download the complete text

The benefits of a low capture of market declines

Assessing the performance of portfolio managers is not limited to measuring whether the returns of a strategy have exceeded those of a relevant benchmark. A more in-depth analysis will ensure consistency in the process ... Download the complete text

Allard, Allard & Associés wins an award

As part of the "Finance et Investissement" Top 25 ranking Gala of the Quebec's financial services sector, Allard, Allard & Associes is honoured in the Independent management companies category.  Read the article (in French only)  Finance et Investissement, Richard Cloutier, February 2017

5 tips for young professionals in the investment industry

Invest fully in your career, but take the time to do the right things without looking for shortcuts, advises Louis Allard, president of Allard, Allard & Associes.  Read the article (in French only)  Finance et Investissement, Richard Cloutier, February 2nd, 2017 

A year of surprises

The fall in commodity prices in 2015 continued into early 2016 before bouncing back to the point where materials and energy became the two best-performing sectors in 2016 (after being the worst performers the previous year). Download the complete text

Regulatory changes set to improve financial industry reporting and disclosures

Canadian Securities regulators have introduced new regulatory requirements to enhance the client-investment counselor relationship. The latest industry-wide regulatory update is known as “Client Relationship Model 2” (CRM2), and applies to all investment dealers and investment counselors in Canada. CRM2 will take full effect on January 1st  2017 ....  Download the complete text  

First institutional mandate for AA&A

Allard, Allard & Associes is proud to have obtained a first institutional mandate from the Quebec emerging manager program. Read the article.

A strong rebound in gold, metals and oil

During the first half of 2016, the Canadian stock market bounced back as the S&P TSX returned 9.8%.  Download the complete text.

2015: More fear than harm

The last year was challenging for equity investors as several factors contributed to the weakness in the markets.  Download the complete text.