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Navigating 2026:

Markets and Trends

  • Special Broadcast

    The Year Ahead: Turning Uncertainty into Opportunity

    TD Asset Management Inc. (TDAM) hosted the annual broadcast, The Year Ahead: Turning Uncertainty into Opportunity. This special presentation featured David Sykes, Senior Vice President and Chief Investment Officer, TDAM and Beata Caranci, Senior Vice President & Chief Economist, TD Bank Group where they examined the critical factors shaping the markets, economy, geopolitical landscape, and what to possibly expect in the coming year.

    Watch Now

  • The ETF Experience

    What's Driving 2026

    This past year was marked by tension, elevated uncertainty, tariff disputes, and the rise of unstoppable AI. Even so, ETFs continue to evolve, adapting to changing markets and investor needs.

    Join Isabela Sagan, Manager, ETF Business Development, TD Asset Management Inc. (TDAM) and Damian Fernandes, Managing Director, Portfolio Manager, TDAM, as they explore ETF themes and what's driving 2026.

    Listen Now

  • TDAM Talks Podcast

    The Year Ahead 2026

    Market performance in 2025 was shaped by a complex mix of macroeconomic forces, policy dynamics and evolving investor sentiment. As those forces continue to evolve, identifying opportunities while remaining mindful of potential risks will be central to navigating the year ahead.

    Join David Sykes, Senior Vice President and Chief Investment Officer, TDAM and Kevin Hebner, Managing Director, Global Investment Strategist, TD Epoch, as they deliver comprehensive insights and key considerations for 2026.

    Listen Now

Wealth Asset Allocation Committee
Quarterly Market Perspectives


2026 Playbook:
Rates, Returns and the Road Ahead

As we enter 2026, the TD Wealth Asset Allocation Committee is pleased to share its perspectives on the global macroeconomic landscape and what investors can expect in the year ahead. The world economy stands at a crossroads—marked by resilience, recalibration, and new opportunities. Investors face a market shaped by policy shifts, evolving trade dynamics, and rapid innovation.

  • Equities:

    Modest Overweight Overall

     

    Global equity markets have had a strong year due to positive earnings trends and AI investments, which resulted in valuations expanding. While there could be volatility around AI and economic expectations, we remain overweight equities as earnings growth, as well as increasingly pro-business government policies, create a supportive backdrop for the markets.

  • Fixed Income:

    Modest Underweight Overall

     

    The Canadian economy has proven to be stronger than expected given the Bank of Canada ("BoC") cover to be patient in charting the path ahead for monetary policy. We expect Canadian yields to remain steady, and anchor fixed income returns over the next 12 to 18 months.

  • Alternatives:

    Modest Overweight Overall

     

    We believe that an allocation to alternative assets can benefit diversified portfolios especially when implemented over the long term. Alternative assets can provide inflation protection and attractive absolute returns, while acting as long term portfolio stabilizers via their diversification benefits and less correlated income streams. Given the nature of private asset classes as well as the present phase of value adjustment in several markets and asset classes, we believe that this may be an attractive time to increase or consider an allocation to alternative assets.

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