Financial Education

One of our core values is to ensure that each of our clients is as educated as they want to be. Whether that is understanding how mutual funds work, or understanding how the latest tax changes affect your financial picture, we are here to help. The following information is a great place to start, but please feel free to contact us if you have specific questions.

Canadian workforce grows older as baby boomers delay retirement

A rise in debt levels and more favourable employment opportunities may be driving boomers to delay retirement and stay in the Canadian workforce.

Are you transferring wealth to your kids?

For many of us, the ultimate goal of building wealth is to provide a better financial future and transfer wealth to your kids.

The 2017 Canadian Federal budget, and what it means to you

Prime Minister Trudeau announced the new 2017 Canadian Federal budget recently, and Canadians are talking about what it means to them.

Making dollars and sense of TFSAs and RRSPs

Should you put your money in a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA)?

Plan today for security tomorrow

With two full-time jobs and three young sons, Craig and Sarah are busy. So they made it simple to save for their children’s education and help build their family’s future.

Moving forward without moving out

Accessing your home equity can help boost your retirement income, ease pressure on your pensions and investments, and help you stay put.

All in the family

How to take advantage of income splitting using intra-family loans.

Unpredictable markets got you idle?

While market volatility chases many investors to the sidelines, it can be a great opportunity to bolster your long-term portfolio strategy.

Safe travels

Do you know what to look for when buying travel insurance?

VIDEO - Retirement and debt

With 70% of Canadians ages 55 to 64 still carrying debt, here are some strategies to ask your advisor about.

Fit in some fitness

Tips to help you maintain your healthy lifestyle this season.

Formula for fulfillment

Is there a formula for a full, healthy life? For seven decades, researchers at Harvard University have been trying to answer that very question.

Market Update - April 2017

Considering the year began with such uncertainty, equity and fixed income markets performed exceptionally well in the first quarter. Investors overestimated the magnitude of market volatility that would ensue from an Obama to Trump transition of power and markets shrugged off the political drama and took equities higher.

Challenges in the quarter
This past quarter exemplifies what investors should consider with regard to their portfolios. There are many sentimental reasons to fear the stock market, including recent examples like Brexit, Grexit, the Fiscal Cliff, the Debt Ceiling, the election, and the budget. Markets can be swayed over the short term by daily headlines. Equity markets can move up or down for any and all reasons on a daily basis. However, over the long term, market valuations tend to return to their fundamentals—and the fundamentals over the past two quarters have justified markets moving higher.

Oil prices
Starting in Canada, oil prices seem to have stabilized through the first quarter to nearly US$50 per barrel, bringing less volatility for Canadian stocks. The S&P/TSX Composite Index gained 2.4 per cent factoring in dividends through the quarter. Oil prices are expected to remain near their current level, which has multiple implications. First, stable oil prices are positive for the Canadian energy sector and Canadian stocks overall. Secondly, as oil prices remain a strong influence on the Canadian dollar, stable prices should translate into a stable dollar with an average exchange rate near its current US$0.75.

The United States
South of the border, the newly appointed Trump administration added a new element to conversation–and not just for talk shows! Putting politics aside, companies are reporting better year-over-year results on sales and earnings. Unemployment continues to fall. Economic growth continues to improve. In short, the U.S. economy is on the right track. And with it, come prospects for equities through the remainder of the year. The benchmark S&P 500 Index gained 6.1 per cent in the first quarter including dividends, in U.S. dollar terms, or 5.3 per cent, in Canadian dollar terms, reflecting improvements in company results.

Overseas
Overseas markets showed healthy gains with international equities up 6.6 per cent in Canadian dollars as measured by the MSCI EAFE Index. Brexit considerations aside, the European economic outlook has improved, akin to that of the United States. On the other side of the world, Asia is showing improvement in its regional economies and stock markets—suggesting the growth we see is truly global in nature.

Central Bank Policy
This quarter marked the third time in two years, and since the Great Recession, that the U.S. Federal Reserve raised its benchmark interest rate. The Bank of Canada didn’t and hasn’t followed suit as the Canadian economy hasn’t performed as strongly as the U.S. economy. The U.S. Federal Reserve is expected to continue to raise its benchmark rate another two or three times this year. The environment is meeting the conditions of low unemployment and stable inflation, allowing the Fed to act.

Looking forward
We continue to believe the U.S., Canadian and international economic environment will improve over what it was a year ago but it bears repeating that a positive economic environment doesn’t necessarily mean better returns. While we may be confident that equity markets will deliver another year of positive returns, market volatility is likely to remain through much of 2017—driven mainly by headline news and politics. We continue to advise a balanced approach to asset allocation matched to your individual goals.

As always, if you have any questions about the markets or your investments, we're here to talk.

 

 

If you would like more information on any of the topics listed here or have additional questions, please give us a call at (403) 220-9808 or send us an email.