Geopolitical and economic instability add to ‘ethical ambiguity’ around ethical investing

The Globe and Mail
September 1, 2026.

Andrew Feindel, Portfolio Manager at Richardson Wealth writes that as geopolitical instability and economic sovereignty reshape how investors define a “responsible” investment, that distinction is becoming much harder to make.

“The ethical ambiguity is real,” says Mr. Feindel, who has seen the debate shift toward questions about “what strengthens Canadian resilience and democratic societies in an unstable world.”

Rather than forcing clients into an all-or-nothing choice, Mr. Feindel says, “I help clients articulate a hierarchy of values and then build a portfolio that reflects that ranking.”

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