Financial Sector: Strong Returns, Risks, and Strategies

Recorded on March 18th, 2025

In this episode of InFocus, TriCert Financial Group CEO Mike Gassewitz speaks with TriCert Investment Counsel Portfolio Manager Lee Grimshaw, CFA®, about the financial sector’s performance and outlook.

They discuss strong returns in banking and insurance, with U.S. financials outperforming Canadian counterparts—primarily driven by stronger U.S. GDP growth. The conversation also covers the potential impact of U.S. tariffs on Canadian financials, portfolio adjustments to manage risk, and future opportunities as mortgage refinancing headwinds subside.

Mike and Lee emphasize a measured, strategic approach over reactionary moves, ensuring portfolios remain well-positioned in a shifting market.