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The Analyst

Summer 2026

FLIP THROUGH The Analyst



Featured Stories

AI WATCH

Navigating the AI shift in finance

From productivity to transformation

Current trends show financial services will spend the most, and taken together, finance, software, information services and retail are expected to invest over $1 trillion in 2026.

Investment Industry

Canadian IPO market challenges

This article examines the state of Canada’s IPO market and draws key insights from Europe and the U.S.

Artificial Intelligence

AI-powered algorithmic trading

Navigating machine efficiency within ethical boundaries

Given that AI has become so pervasive in capital markets trading, this article examines the key ethical debates emerging today and the future outlook.

Other Features

Dancing to a new tune

Jon Erlichman’s transition from traditional to social media aims to increase financial literacy among all generations

Financial Modeling

The human edge in finance

Judgment, ethics and the responsibility of the modeler

As artificial intelligence becomes more embedded in financial workflows, the mechanics of modeling are changing quickly.

Advertorial

Alternative Thinking

The Story Behind a $1 Billion Commodities Milestone

The TD Alternative Commodities Pool surpassed $1 billion in AUM: a milestone that reflects growing investor interest in alternative strategies.

From the Society

Board chair message

Careers in finance are rarely built alone. Most of us can point to mentors, colleagues, managers or peers who helped us navigate complexity, build confidence and see what is possible. In

From the Desk of the CEO

From the desk of the CEO

This year, as CFA Society Toronto marks its 90th anniversary, that moment felt especially significant. We celebrated both legacy and momentum: nine decades of community, learning and leadership,

Editor's Message

From the editor in chief

In the Summer Issue, we explore how we, as CFA charterholders, can shape the future of our industry through our voices, integrity and leadership.

From the Society

Credits and Attribution

The Analyst is published quarterly by
 CFA Society Toronto

120 Adelaide Street West, Suite 2205
Toronto Ontario M5H 1T1

Telephone: 416.366.5755
Website: www.cfatoronto.ca

General questions: info@cfatoronto.ca

 

Opinions expressed in The Analyst do not necessarily represent those of the authors’ firms of employment or of CFA Society Toronto and do not constitute a solicitation for the purchase or sale of any financial instruments. Information herein is obtained from various sources and is not guaranteed for accuracy or completeness. The authors’ firms and CFA Society Toronto therefore disclaim any liability arising from the use of information in this publication.

Volunteers

Chair, Editorial Committee

Joanna Wolff, CFA 

Editorial Committee Members

Areg Avetisyan, CFA
Winfred Lam, CFA
Angha Gupta, CFA
Attika Raj, CFA
Alan Cody, CFA
Ben Jekiv, CFA
Sanaz Fotoohi, CFA
Thomas Shen, CFA

Editor

Sara Maginn Pacella

 

 

Art Director

Janet Sangalang

 

DIRECTOR, MARKETING AND COMMUNICATIONS

Kenny Chan