On March 17, Mark Carney took the helm as Canada’s 24th Prime Minister. His reputation as a net-zero crusader-from overseeing contentious climate stress tests at the Bank of England to pressing banks for rigorous disclosures-didn’t win him many fans among investors. In the UK, his mandates were blamed for higher compliance costs and dented bank returns. In Canada, similar headwinds may emerge.

The global economy is in flux. Every day brings new headlines—tariffs on the rise, bond markets flashing warning signs, inflation refusing to cooperate, and central banks trying to work their magic without triggering panic. Markets have become a rollercoaster, and for investors, the ride is far from enjoyable.

Canada’s federal election is hurtling toward us, a pivotal moment that could either right the country’s economic course or send it deeper into uncharted waters. The Liberals, now leaning on Mark Carney’s green ambitions, have spent a decade piling up debt and testing the limits of affordability. Across the aisle, Pierre Poilievre’s Conservatives counter with a business-first vision, promising tax relief and a resource-driven revival.

The global investment landscape is undergoing a period of profound transformation, driven by escalating geopolitical tensions, shifting economic policies, and a rotation of capital into tangible assets. A key player in this evolving environment is U.S. President Donald Trump, whose reemergence on the political stage has reignited discussions on economic nationalism, energy security, and the establishment of strategic alliances within the Western Hemisphere.

The energy landscape in Alberta and Saskatchewan is undergoing a significant transformation. Traditionally, these provinces have been the backbone of Canada’s oil and gas industry, boasting decades of expertise and extensive infrastructure built to support hydrocarbon production. Today, however, a compelling opportunity is emerging: repurposing existing power generation assets to meet the burgeoning needs of the data centre market.

Recent market developments have signaled a notable secular shift toward physical precious metals, with gold serving as a bellwether for this broader trend. Even for investors who have not traditionally focused on gold, the growing demand for tangible assets—fueled by inflation concerns, geopolitical uncertainties, and currency volatility—is drawing renewed attention.