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We will be closed May 16 and 18 for Victoria Day weekend. Our Member Service Centre, Member Solutions Team and Personal Assisted Teller services will be available on May 16. Online/mobile banking will be accessible throughout the weekend.

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Confidence returns, risks remain

April 2026

Market Insights

April was a month of re-risking: markets staged a powerful V-shaped recovery from late-March stress as volatility eased, investors grew more comfortable with the idea that the economic slowdown would remain manageable, and earnings season helped re-anchor expectations. But under the surface, the “confidence” story was more nuanced—consumer sentiment data remained fragile even as equities regained altitude, reminding investors that markets often move ahead of the real economy and that headline optimism can mask crosscurrents from inflation, energy prices, and geopolitics.

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Aviso Wealth Inc. (“Aviso”) is the parent company of Aviso Financial Inc. (“AFI”) and Northwest & Ethical Investments L.P. (“NEI”). Aviso and Aviso Wealth are registered trademarks owned by Aviso Wealth Inc. NEI Investments is a registered trademark of NEI. Any use by AFI or NEI of an Aviso trade name or trademark is made with the consent and/or licence of Aviso Wealth Inc. Aviso is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited.

This material is for informational and educational purposes and is not intended to provide specific advice including, without limitation, investment, financial, tax, or similar matters. This document is published by AFI and, unless indicated otherwise, all views expressed in this document are those of AFI. The views expressed herein are subject to change without notice as markets change over time. Views expressed regarding a particular industry or market sector should not be considered an indication of trading intent of any funds managed by NEI Investments. Forward-looking statements are not guarantees of future performance, and risks and uncertainties often cause actual results to differ materially from forward-looking information or expectations. Do not place undue reliance on forward-looking information.

Mutual funds and other securities are offered through Aviso Financial Inc. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed, their values change frequently, and past performance may not be repeated.