“As history has repeatedly proven, one trade tariff begets another, then another – until you’ve got a full-blown trade war. No one ever wins, and consumers always get screwed” – Mark McKinnon Canada, U.S. Impose Tariffs On One Another Thursday saw volleys of trade tariffs imposed. Citing “national security”, United States Commerce Secretary Wilbur Ross… Read More
Administrative Updates We have some important administrative updates we’d like to share with you. 1. E-Consent Added to Wealthview Portal The FundEX Wealthview portal now offers clients the option of electronically signing, or e-consenting, to most forms related to your portfolio. There are many advantages for the client: All documents shared from advisor to client,… Read More
“If it seems too good to be true, it probably is” – Unknown British Columbia Securities Commission Cautions Investors of Cryptocurrency Scams The British Columbia Securities Commission (BCSC) has issued a warning to BC residents on the risks of investing in cryptocurrencies, joining their Ontario counterparts (OSC) and the Bank of Canada in warning investors…. Read More
“Nobody likes high interest rates” – Chanda Kochhar Bank of Canada Raises Five-Year Fixed Mortgage Rate The Bank of Canada raised its conventional five-year fixed mortgage rate on Wednesday, from 5.14% up to 5.34%. As we all now know, the BoC’s five-year fixed rate is a crucial piece of information for prospective home buyers in… Read More
“What’s the use of happiness? It can’t buy you money” — Henny Youngman *Amazon Headquarters Coming to Vancouver Prime Minister Justin Trudeau announced Monday that Amazon is expanding its Vancouver tech hub with a new headquarters. This is expected to bring an additional 3,000 high tech jobs to the city in fields including e-commerce technology,… Read More