CIRO cybersecurity incident. On August 11, 2025, the Canadian Investment Regulatory Organization (CIRO) , Canada’s self-regulatory body overseeing investment and mutual fund dealers, identified a cybersecurity incident and proactively shut down its systems as a precaution. CIRO has since determined that investor information associated with member firms may have been impacted. TriCert is not a CIRO member firm and does not provide client information to CIRO directly; however, client information may have been provided to CIRO through our custodian, a CIRO member firm, as part of CIRO’s role in carrying out its regulatory mandate. CIRO is contacting impacted individuals directly by email or regular mail and is offering two years of free credit monitoring and identify theft protection services through TransUnion and Equifax. For more information, please visit CIRO’s cybersecurity incident page.

How Financials Weathered Tariff Turbulence

June 24, 2025

In this episode of InFocus, TriCert CEO Mike Gassewitz sits down with TriCert Investment Counsel Portfolio Manager Lee Grimshaw, CFA®, to review how our core financial holdings performed in the first quarter of 2025. The discussion examines why Canadian banks experienced muted earnings due to credit loss provisions, how U.S. financials performed amid ongoing tariff pressures, and why insurance has been a standout performer.

They also look ahead to what metrics matter most—from rising unemployment and mortgage refinancing in Canada to deal flow and consumer sentiment in the U.S. Throughout, TriCert’s disciplined focus on quality companies continues to shine through, helping portfolios remain resilient in the face of volatility.

Recorded on June 6, 2025

Lee Grimshaw, CFA®

Lee joined TriCert Investment Counsel in 2019. As a Portfolio Manager, Lee focuses on advising individuals, households and corporations on suitable investment decisions to meet their financial goals. Lee is a member of the finance sector research team and works closely with the financial planning team and accounting partners to provide investment advice.

Subscribe

Receive notifications when you subscribe to these streaming services.

For the best viewing experience of our podcast videos, subscribe and watch on YouTube.

Categories

Topics