The Globe and Mail reports in its Monday edition that Christine Poole of Davis Rea in Toronto has been "trimming" her firm's holdings in Alphabet. The Globe's Brenda Bouw writes that the parent of Google and YouTube "is a stock we've been trimming in the past month or so. The stock was out of favour at the beginning of last year," Ms. Poole says. "There was the antitrust case against Google and concerns it would have to divest Chrome, but a September ruling saw it avoid the worst-case penalties. There were also concerns AI would impact business, but its recent financial results have been quite strong. It has also been releasing a new version of its AI platform, Gemini, which is widely viewed as among the best in the market. The stock is up about 60 per cent since the middle of last year and it went beyond our target weight, so we felt it was prudent to take some profits. It's still a core holding at about 4.5 per cent." Despite geopolitical risks, Ms. Poole believes a lower interest-rate environment and government stimulus will help the economy expand and boost profits. She points to increases in defence and infrastructure spending in Canada, as well as tax cuts and other stimulus programs in the United States.