In this episode of InFocus, TriCert Financial Group CEO Mike Gassewitz sits down with TriCert Investment Counsel Portfolio Manager Lee Grimshaw, CFA®, to unpack last quarter’s performance across the financials sector.
They discuss how Canadian banks delivered stronger returns than their U.S. peers, how U.S. investment banks benefited from revived deal flow and market volatility, and where insurers diverged. The conversation covers the potential impact of recent Bank of Canada and Federal Reserve rate cuts and the importance of a measured yield-curve steepening for bank spreads. It also highlights the key risk markers to watch, including credit losses and a slowdown in capital markets activity.
Recorded on Spetember 18, 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.
