As we all know, the tail-end of 2021 and 2022 so far have been challenging to say the least. Inflation – from supply issues, from COVID-related fiscal stimulus, from emergency rate cuts, and from Russia’s invasion of Ukraine – has persistently been well above the Bank of Canada & U.S. Federal Reserve target mandates of… Read More
The You First Blog
During times of market turmoil, it is common to feel the need to exit the market to “cut your losses”. However, time and again, history tells us that “cutting your losses” is more costly in the long run than you think. Here are a few charts explaining why we don’t sell during market declines. Markets… Read More
Nine months into 2022 and the market decline continues. The major economic factors behind this correction remain the same: high inflation, rising rates (to combat inflation), and commodity shortages resulting from the Russia-Ukraine War. Of course, the pandemic continues to impact the global economy. Even though the preceding 12 years were mainly positive for markets,… Read More
The new First Home Savings Account (FHSA) is expected to be rolled out in 2023 and once it has launched, every prospective first-time homebuyer will want to open one. A truly revolutionary new account structure, the FHSA is a best-of-all-worlds mix between the RRSP, the TFSA, and the Home Buyers Plan (HBP) programs: never has… Read More
It’s been a difficult first half to the year, with equities, bonds, precious metals and cryptocurrencies all suffering losses. Markets are grappling with issues like the COVID reopening, inflation, central bank rate increases, the Russia-Ukraine War, and recession risk. The charts below provide reason for optimism. As you’ll see, this is indeed an extraordinary decline… Read More
How have markets performed in 2022? While markets prospered under the accommodative monetary policies brought on at the start of the pandemic, it now faces a change in policy. With U.S. inflation at a 40-year high, the market has begun pricing interest rate hikes from near zero to 3% by the end of 2022. This… Read More