Last week, Silicon Valley Bank (SVB) was frequently in the news. This evolving story has had an effect on equity and bond markets. We reached out to various fund company fund managers for their thoughts on what happened and where we go from here. AGF Lack of confidence resulted in a run on deposits with… Read More
The You First Blog
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
Bank of Canada signals rate hike earlier than expected The Bank of Canada’s recent announcement was eventful. The BoC announced it was holding the overnight rate at 0.25%; however, BoC Governor Tiff Macklem also said “we will be considering raising interest rates sooner than we previously thought. Interest rates don’t need to be as low… Read More
Welcome to a new year and a new decade! Before we begin, we would like to extend our sincere wishes for a happy new year to you and your family. We would also like to thank to you for your continued trust in us and for the opportunity to assist you in working toward your financial goals. Should you have any questions about your… Read More
We hope you all enjoyed your summer. The weather in Vancouver was not always perfect, but a smoke-free August was certainly appreciated! Here is where markets stand for 2019 (year-to-date return as of August 30. Foreign market returns are expressed in Canadian dollar terms): –TSX (Canada): 14.8% –DOW Jones (U.S.): 10.5% –S&P 500 (U.S.): 13.9%… Read More
“Diligence is the mother of good fortune” – Benjamin Disraeli Be Aware: CRA Scams Abound As we enter the full swing of tax season, it is important to remember that scammers posing as CRA agents are also getting into full swing. The CRA has put together a helpful list of things they MAY and things… Read More