We found that despite strong year-end results, 2021 was full of surprises. Although 2022 may not bring us fully back to normal, we think it will be another big step towards normalcy, which is positive for the economic outlook.
The U.S. Travel Association estimates that, due to inflation, this year travellers will pay almost 5% more for food and drink, nearly 20% more for lodging, and an eye-popping 24% more for transportation than they did last fall. It’s not all bad news though.
In this stage of our economic recovery, our attention turns to how the pandemic has affected supply chains globally, and what impact this is having on our markets worldwide.
In this blog we share how the financial planning process works and highlight six key areas an effective plan should focus on. Whether it’s planning for retirement, the purchase of a recreational property, or saving for a child’s post-secondary education, a comprehensive financial plan can help you achieve what matters the most in your life.
Whether you call it a cottage, cabin or chalet, these treasured family retreats are much more than a piece of real estate. In this article, we explore different avenues that a family can take when they are faced with the decision to sell their cottage or keep it for the next generation.
The heatwave that Canadians recently experienced is somewhat of a precursor to what’s shaping up to be a scorcher of a summer from an economic standpoint. With 67% of Canadians having received at least one dose of the vaccine and provinces lifting even more restrictions, this will unleash many economic catalysts that we’re looking forward to.
There is a common misconception that Donor Advised Funds (DAFs) are very complex structures and reserved for multi-millionaires. However, DAFs are accessible and can provide a great level of flexibility and significant tax advantages in planning your philanthropic efforts.
Many investors going into 2020 saw their returns decline 65-75% over the course of three months as a result of the pandemic-induced shutdown of the global economy. This volatile market caused several investors to question their carefully planned investment strategies. Bear markets are a fact of life and they can present a tremendous opportunity for a disciplined investor to improve their portfolio and enhance future returns.
Though recent lockdown measures have come into effect across Canada, we view this as merely a detour on the gradual return to normal. Our Quarterly Outlook Commentary reflects this sense of optimism as we gain a greater understanding of what the new normal will look like — and when it may arrive.
By shaping our perceptions, feelings and the way we process information, biases can result in irrational decisions and may have bigger impacts on your long-term financial success than the actual market itself.