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It looks like 2025 is shaping up to be one for history books with our federal election and trade tensions with the US. Such developments inevitably feed into the financial markets, fostering an atmosphere of uncertainty.

The threat of tariffs has loomed large over Canada since President Trump was elected and since his inauguration the landscape changes regularly – creating uncertainty that is taking a toll on markets and the economy.

Taxpayers expect municipalities to look after communities by both providing critical daily services, and planning for a vibrant future.

Municipalities face a range of financial challenges. Municipal governments must find a way to make current resources go further.

Since their introduction post financial crisis High Interest Savings Accounts (HISAs) had, for the most part, replaced GICs as the preferred place for municipalities to invest surplus balances. It’s why the ONE Investment Pooled HISA program was established.

Investment brokers have touted the benefits of PPNs to municipalities for years because they appear to offer no downside with potential upside in the form of positive equity market returns.