Highlighting Success, Informing Strategies

As 2025 comes to a close and we look toward the new year, one trend that will undeniably continue into 2026 is the growing acceptance of prediction markets as both financial instruments and for sources of market insight. For investors and business leaders, the evolution provides clearer signals around macro inflection points, earlier indications of consensus shifts, and a more practical framework for decision making - one that acknowledges uncertainty rather than smoothing it away. In that spirit, this month's newsletter incorporates prediction-based insights to help frame potential outcomes for the year ahead. By layering signals from prediction markets alongside traditional financial indicators and qualitative analysis, we aim to offer a forward-looking perspective grounded in real-world probabilities rather than single-point forecasts.

On May 19, 2025 the Canadian Securities Exchange (CSE) and the National Stock Exchange of Australia (NSX) announced in a joint press release their intention to proceed with an acquisition that would see the CSE acquire all of the NSX. In the months that followed, teams on both sides of the Pacific worked tirelessly and in October they officially completed the transaction. For issuers, Canada and Australia have always been parallel markets with similar regulatory cultures, investor profiles, and resource-heavy economies. The CSE-NSX transaction is the first real step in turning that parallel structure into a connected one. In this months issue of Investing With Grove we interview CEO of the CSE Richard Carleton to discuss the implications of the acquisition and how issuers and investors alike stand to benefit from a more integrated market.

Closing out the first month of Q4 has brought no shortage of market drama - from the US government shutdown, gold hitting all time highs, broad-market corrections, and what increasingly looks like the early innings of a new mining super cycle. It's shaping up to be a volatile and potentially transformative finish to 2025. As nano- and micro-cap companies begin to show renewed movement and volume, the question of who's really behind the bid and offers takes on new significance. That's why we sat down with Head of Trading at Integral Wealth Securities Ltd, Taylor Davison, to discuss the role of broker attribution within the Canadian capital markets, and how issuers can leverage Integral's affluence of data to better understand what's driving their stock.

As September draws to a close, markets are sending an unmistakable message: the Metals Supercycle is no longer theory - it's happening. Gold, silver and copper are breaking records, financings are flowing, and miners across the curve are being re-rated in real time. For our feature article, our Capital Markets team takes a deep dive into how the Supercycle has unfolded in the equity markets thus far, and where we can expect it to go. Also, with the tech sectors' enduring momentum, we look to the prediction markets to gauge how the hottest tech stories may unfold in the next few months.

August offers a natural pause - a moment to reflect on what has been accomplished so far in 2025, and what lies ahead. In that spirit, we did not write a feature article this month. Instead, we've looked to the prediction markets to gauge how some of the hottest stories, business and otherwise, will unfold over the next few months.

As summer heats up, so too does the economic conversation. Markets are navigating a season defined by trade friction, policy recalibration, sectoral divergence and artificial intelligence, with signals that are anything but static. As AI adoption accelerates and tech platforms compete for computational scale, demand for the physical building blocks of these systems - lithium, cobalt, copper, graphite and rare earths - is intensifying. These are no longer just mining stories, they're infrastructure, supply chain and geopolitical stories unfolding in real time. This month, we take a deeper dive into the opportunities surrounding the convergence of critical minerals and the tech boom.