Q3 2025 – Market Review

In our Q3 Market Review, Kerr Financial’s investment team examined how markets performed through the third quarter of 2025 and what investors should consider heading into year-end.
Key insights include:

• Market resilience amid mixed signals – Strong corporate earnings and optimism around artificial intelligence supported equities, even as labour markets softened.
• Rate cuts and monetary policy – Both the Bank of Canada and U.S. Federal Reserve began easing rates, creating new dynamics across fixed income and equity markets.
• Valuations and diversification – Elevated valuations leave little margin for error, reinforcing the importance of quality holdings and a diversified, multi-manager approach.
• Opportunities beyond U.S. tech – Global and second-order AI investments are creating new areas of potential growth outside the dominant technology giants.
• Year-end planning priorities – Practical tax strategies for capital gains, trusts, charitable giving, and registered plan contributions before December 31.
  Watch the full replay below to hear how our experts are positioning portfolios for the months ahead.

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