Terms of Use

arcMacro Advisory (“arcMacro”) is a registered operating name of AltMacro Research Inc.
arcMacro periodically produces publications (“Publications”), maintains its website (“Website”), and related social media sites including, but not limited to, LinkedIn and Substack pages (“Social Media Sites”) for information only. By reading the Publications, accessing or using this Website, or by participating in any of the Social Media Sites (including by following, reading, viewing, sharing or otherwise using any associated posts or content), you agree that you have read, understand, and agree to be bound by these Terms of Use, and our Privacy Policy, found here, incorporated herein by reference, as amended from time to time. IF YOU DO NOT AGREE TO THESE TERMS OF USE, DO NOT READ THE PUBLICATIONS, ACCESS OR USE ANY PART OF THE WEBSITE, OR PARTICIPATE IN ANY OF THE SOCIAL MEDIA SITES.

Modifications to the Terms and Conditions and to the Website
arcMacro reserves the right in its sole discretion to revise and update these terms and conditions from time to time. Any and all such modifications are effectively immediately upon posting and apply to all access to and continued use of the Website, Publications, and Social Media Sites. You agree to periodically review the terms and conditions in order to be aware of any such modifications and your continued use shall be your acceptance of these.
The information and material on the Website or Social Media Sites, or in the Publications, may be changed, withdrawn, or terminated at any time in our sole discretion without notice. arcMarcro will not be liable if, for any reason, all or any part of the Website, Publications, or Social Media Sites is restricted to users or unavailable at any time or for any period.

Governing Law
All matters relating to your access to, or use of, the Publications, the Website, or any of the Social Media Sites (including the content thereat) shall be governed by the laws of the Province of Ontario and the laws of Canada applicable therein, without regard to its conflict of laws principles. In the event of a dispute, you agree to submit to the non-exclusive jurisdiction of the courts located in the Province of Ontario.

Intellectual Property Rights
You understand and agree that arcMacro owns all copyright and other intellectual property rights in all content in the Publications, on the Website, in the underlying website code, and in all content posted by arcMacro to the Social Media Sites, or has the permission of the owner of those rights to use the content in the Publications, on the Website or the Social Media Sites. For clarity, the Website, Publications, and content posted to the Social Media Sites by arcMacro, including all features, and functionality, including, but not limited to, all information, software, code, data text, displays, graphics, photographs, images, video, audio, music, broadcast, design, presentation, website layout, selection, and arrangement, are owned by arcMacro, its licensors, or other providers of such material and are protected in all forms by intellectual property laws including, without limitation, copyright, trademark, patent, trade secret, and any other proprietary rights. The mention or display of trade-marks, trade names or service marks in the Publications, on the Website or any of the Social Media Sites is not intended to, and will not, convey or create any license or other rights to use such names and marks. You must not use such marks without the prior written permission of arcMacro.

Limited license of content
You are granted a limited license to display on your computer, download, print, and use the content of the Website and the Social Media Sites only for informational purposes. If you are a subscriber, you are granted a limited license to display on your computer, download, print, and use the content of the Publications only for informational purposes. You may not modify any content that you use. You may not use the content in the Publications, on the Website, or on any of the Social Media Sites for any commercial purpose without permission.

Not Investment, Financial, Accounting, Legal, Tax or Other Professional Advice
Information or commentary provided in the Publications, on the Website or on the Social Media Sites is provided for general information purposes only. It is not intended to amount to investment, financial, accounting, legal, tax, or other professional advice and should not be relied upon or regarded as a substitute for such advice. Nothing contained in any Publication or the Website or on the Social Media Sites constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. None of the Publications, the Website, or the Social Media Sites are Research Publications under applicable Canadian or United States rules and regulations.

No Warranty
arcMacro does not guarantee the quality, accuracy, timeliness, or completeness of any of the content or calculations in the Publications, on the Website, or on the Social Media Sites. arcMacro will not be liable for any damages or claims of any kind arising from, or relating to, any use of the Publications, this Website, any of the Social Media Sites or their respective content or calculators for any purpose.
arcMacro disclaims all warranties, representations, and conditions, expressed or implied, including but not limited to, implied warranties, representations, or conditions of merchantability, merchantable quality, quality, and fitness for a particular purpose, non-infringement or other violation of rights, whether arising by statute, usage of trade, course of dealing, or otherwise.
arcMacro does not warrant or make any other representations regarding the use, accuracy, timeliness, applicability, performance, security, availability or reliability of the Publications, the Website, any of the Social Media Sites, any sites containing embeddable content, any sites linked to by any of the foregoing, or the results from the use of any of the foregoing, the Publications, or otherwise respecting, the content or calculators on this Website, any of the Social Media Sites, any sites containing embeddable content or any sites linked to this Website or any Social Media Sites

DISCLAIMER
Any use of the Publications, the Website or the Social Media sites is at your own risk and liability. Neither arcMacro, nor any director, officer, employee or agent of arcMacro, accepts any liability whatsoever for any direct, indirect, consequential, moral, incidental, collateral or special damages or losses of any kind, including, without limitation, those damages arising from any decision made or action taken by you in reliance on the content of any publication, the website, any of the social media sites or those damages resulting from loss of use, data or profits, whether from the use of or inability to use any content or software obtained from third parties required to obtain access to the content, or any other cause, even if arcMacro is advised of the possibility of such damages or losses and even if caused by any act, omission or negligence of arcMacro or its directors, officers, employees or agents and even if any of them has been apprised of the likelihood of such damages occurring.

Links to other websites or social media sites
Publications, the Website, or the Social Media Sites may contain links or pointers to third-party websites. These links are provided as a convenience only. By providing these links, arcMacro is not expressly or impliedly endorsing or approving these other sites, nor warranting or guaranteeing the content of the materials on such sites or the services or products that may be offered on such sites.

Links from other websites or social media sites
Access to the Website or any of the Social Media Sites may be provided by a hypertext link or other link located at another website or social media site. arcMacro has no responsibility for the content of such sites and does not endorse, authorize, approve, certify, maintain, or control these other sites and does not guarantee the accuracy, completeness, efficacy or timeliness of the information located at such sites.

Prohibited Use
You may not use any Publication, the Website or any of the Social Media Sites in any manner which could damage, disable, overburden or impair the Website, any of the Social Media Sites or any system or network connected to the Website, any of the Social Media Sites or interfere with any other party’s use and enjoyment of the Website or any of the Social Media Sites. You may not attempt to gain unauthorized access to the Website, any of the Social Media Sites or any system or network connected to the Website or any of the Social Media Sites through hacking, password mining or any other means. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available to you through the Website or any of the Social Media Sites.

General
If any term or condition set out in this Terms of Use is held to be invalid, unenforceable or illegal for any reason in any jurisdiction, such invalidity, unenforceability, or illegality shall not affect any other term or provision of these Terms of Use or invalidate or render unenforceable such term or provision in any other jurisdiction. For clarity, the remaining Terms of Use will continue in full force. arcMacro’s failure or delay to enforce any of these Terms of Use shall not operate as a waiver of any of arcMacro’s rights or privileges under these Terms of Use. If these Terms of Use are translated into a language other than English and there are conflicts between the translations, the English version shall prevail and control.

This website is operated by arcMacro Advisory, a registered operating name of ALTMACRO RESEARCH INC., 36 Toronto Street, Suite 850, Toronto, Ontario, M5C 2C5, Canada
Should you become aware of misuse of the Website, Publications, or Social Media Sites, including libelous or defamatory conduct, or copyright infringement, you must report it to arcMacro at [email protected].
All other feedback, comments, requests for technical support and other communications relating to the Website, Publications, or Social Media Sites should be directed to [email protected].
These Terms of Use were last amended on September 31, 2025.