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
The You First Blog
“The genius of impeachment lay in the fact that it could punish the (wo)man without punishing the office” – Arthur M. Schlesinger, Jr. How Have Markets Reacted to Previous Impeachment Processes? With news this week that the U.S. House of Representatives will open impeachment investigations on President Trump, you may be wondering how, if at… Read More
The yield curve inverted, and the DOW dropped 800 points. Now what? Yesterday, the DOW dropped 800 points, the single largest drop of 2019. This was largely due to news that the yield curve had – briefly – inverted. It is important to note that yesterday’s yield curve inversion was only temporary, as the 10-year… Read More
“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t” – Alan Greenspan 2019 Mid-Year Outlook During this time of year, most investment firms release a mid-year or 3rd quarter market outlook. As usual, some indicators are supportive of a rising market, while others are not. We’ve culled… Read More
“I’m spending a year dead for tax reasons” – Douglas Adams TSX Reaches All-Time High The Toronto Stock Exchange’s S&P/TSX Composite Index closed up 68.57 points, or 0.41%, to finish at 16,612.81, passing the previous high of 16,567.40 reached on July 12, 2018. The main index has increased for the fourth straight week. CRA Tax… Read More
“Keep every promise you make, and only make promises you can keep” – Anthony Hitt 2019 B.C. Provincial Budget Announced The B.C. New Democrats released their second provincial budget this week. While the budget mostly stuck to the script, there were a few surprises. Here are some key takeaways: The B.C. Child Opportunity Benefit. A… Read More