“A strong economy begins with a strong, well-educated workforce” – Bill Owens WEEKLY MARKET WRAP-UP – BY THE NUMBERS North America The TSX closed at 16436, down -125 points or -0.75% over the past week. YTD the TSX is up 1.40%. The DOW closed at 25058, up 39 points or 0.16% over the past week.YTD… Read More
The You First Blog
“Someone’s sitting in the shade today because someone planted a tree a long time ago” – Warren Buffett Bank of Canada Raises Overnight Rate to 1.50 Per Cent The Bank of Canada, as widely expected, hiked its benchmark interest rate on Wednesday. The rate now sits at 1.50 per cent. Two key growth engines –… Read More
This week, the Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals: Prohibiting Deferred Sales Charge and Low Service Charge Loads Once a staple of the mutual fund industry, many advisors have begun to move away from DSC and LSC, as investment flexibility… 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
“There is a very easy way to return from a casino with a small fortune: go there with a large one” – Jack Yelton TSX Down for the Week The Toronto Stock Exchange’s S&P/TSX composite index rose on Friday by 35.21 points (0.22 per cent) and finished at 16,239.22. The financials sector was the lone… Read More