31 Jul Money Thoughts – Q3 2025
Q2 Market Update:
Check out this video “Market Connect – Adapting with confidence: A mid-year perspective” from Canada Life Investment Management providing a Mid-Year Market update.
In this video “From trade wards to tax cuts“, Josh Nye, Senior Economist at RBC Global Asset Management Inc., dives into some of the major developments now shaping world markets and economies:
- The evolving spheres of influence for U.S. and China, leading to trade and geopolitical tensions – and potentially slowing global growth and increasing inflation.
- A new tax bill under the Trump administration that extends previous tax cuts and allocates funds to border security and military spending.
- NATO members’ increase in defense spending to 5% of GDP by 2035. This could stimulate economies but may increase budget deficits and borrowing costs.
- Improvement in the U.S. economy after recent softness, while Canada’s economy is slowing – setting the stage for modest rate cuts by the Bank of Canada.
- Easing in the tensions between Israel and Iran, leading to a stabilization of oil prices. However, uncertainty remains.
Sources: CLMIL and RBC GAM
E&OE

Meet our Summer Interns!
We’re excited to welcome a talented group of summer interns to our team this year. These bright individuals bring enthusiasm, fresh ideas, and a passion for learning that will energize our office over the summer. We appreciate their contributions they’ve made to our firm and the growth they’ll experience by the end of the summer.
Why Interns Matter to DLD
- Fresh Perspectives: Our interns introduce new viewpoints and innovative approaches to our day-to-day work.
- Support and Collaboration: They are involved in important projects, supporting our advisors and staff while developing crucial skills for their careers.
- Future Talent: We view our internship program as a launching pad for the next generation of professionals in our field
Introducing the 2025 Summer Interns:
- Sydney (University of Victoria) – Played varsity volleyball
- Lauren (University of Victoria) – Runs a food review blog
- Tristan (University of British Columbia) – Enjoys hiking local trails
- Joel (McGill University) – Amateur jazz musician
Check out the videos they made documenting their internship at our firm on our socials! (LinkedIn, Instagram and Facebook)
Throughout the summer, our interns have been:
- Researching and prospecting potential group benefits clients
- Supporting our social media and marketing initiatives
- Sharing insights during team sessions
Let’s make them feel at home and support their journey as they build valuable experience with us. We’re glad they’re here!

Online Access Enrollment
Did you know you can enroll to view your insurance and investments? If you haven’t already, enroll today!

DLD in the Media & Industry
We’ve been fortunate to be featured in several national media stories recently — all aimed at improving financial literacy for Canadians. Congrats to our Partner, Ryan Stanimir, on his first Globe and Mail feature!
If you haven’t already, please Subscribe, Like and Comment on our Youtube Channel! Lots of great information relevant to our clientele from our Founding Partner – David Drummond. Here’s the latest video:
Lastly, we are proud to announce that our Partner – Kelly Ho was recently elected to the Advocis National Board of Directors– the largest voluntary professional membership association of financial advisors in Canada – representing more than 7500 members and 29 chapters across the country! We value giving back to our industry in a meaningful way and look forward to continuing to advocate for members and consumers.
Please do not hesitate to contact us if you have any questions or if there’s anything we can do to help.
Thank you for your time and from all of us at DLD.
Warmest regards,
Dave, Kelly, Ryan, Aaron, Brandon and Ian
E&OE