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Financial PostJuly 2025

With tariffs and market turmoil, what events should trigger a financial plan update?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

When headlines fill with tariffs and market swings, it is natural to wonder whether your financial plan needs a rewrite. This piece reframes the worry, suggesting that a good plan is not meant to be torn up every time the news turns, but it does deserve a fresh look when certain things change. The idea is to separate the noise of markets from the events that genuinely matter to your own situation, and to know which triggers should prompt a review rather than reacting to every jolt. A plan, in this view, is meant to help you get what you want and hold onto it through whatever the economy throws at you. It speaks to anyone unsettled by volatile times who is unsure whether to act or sit tight, and wants a calmer way to decide when an update is actually warranted.

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