Market update for week ending November 8, 2019. Included: 2020 CPP Max Pensionable Earnings Set; Wealthview Update; Weekly Update By The Numbers
“Capital is that part of wealth which is devoted to obtaining further capital” – Alfred Marshall Wealthview Update – How to Access the Revamped Client Portal You will need to re-register to gain access to your client portal on Wealthview. Here’s what you need to do: Follow the link in the email FundEX Wealthview… Read More
Election Results Justin Trudeau’s Liberals survived a difficult election year to emerge with a minority government after Monday’s vote. The Liberals won 157 seats (a loss of 27 seats), beating the 121 seats (a gain of 22 seats) for Andrew Scheer’s Conservatives. Jagmeet Singh’s New Democratic Party won 24 seats, the Bloc Québécois won 32… Read More
“Thanksgiving, man. Not a good day to be my pants” – Kevin James Third Quarter Market Recap Many of the main themes that have affected global asset markets in 2019 – including U.S.-China trade tensions, political uncertainty due to the Brexit negotiations, and slowing economic activity – continued in the third quarter, resulting in somewhat… Read More
“Unemployment is an integral part of the normal capitalist system” – Michael Kalecki U.S. Unemployment falls to 50-Year Low, Easing U.S. Recession Worries Market volatility on the heels of impeachment proceedings news pushed markets lower for the week. However, investors were buoyed by the U.S. unemployment report, which showed unemployment fell to a 50-Year low,… Read More