The S&P/TSX Composite Index had a net loss for the month of May as commodity and resource prices remain soft due to global data indicating a slowdown of major economies. By the end of the month, the Index was lower by 210 points, to close at 15,014, a loss of 1.4%. Equities continue to be volatile as investors jump in and out of the markets on news, or lack thereof, of possible moves by the Federal Reserve on interest rates. Read More!
On Tuesday March 28, 2023, Finance Minister Chrystia Freeland tabled the Liberal government’s 2023-24 Federal Budget in Parliament, with the document subtitled: “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future”. Note that a Budget is a...
Despite heralding the long-awaited coming of spring, many Canadians dread the month of April. Why? Because it’s tax time again. Don’t fret. We’ve got you covered with our handy income tax checklist. When is the deadline to file your 2022 income tax return? For most...
Market developments Equities: Banking stocks remained in focus this week as Deutsche Bank said they are redeeming a tier 2 subordinated bond early. The intention of the announcement was to bolster investor confidence, but the already negative sentiment in the global...
Market developments Equities: On Friday the U.S. market gave back some of the weekly gains as major banks put restrictions on trading with Credit Suisse and First Republic dragging the regional banking sector index lower. First Republic got a show of support from the...
Fully informing the tax strategy for your portfolio You harnessed your spending habits to set aside savings. You researched the investments you deemed worthy of your hard-earned dollars. And now, as you admire your accumulating wealth, there’s a dark cloud ahead...
Markets fatigued in February The sizzling rally in January may have gone too far and markets began to cool in February in response to signals that the economy remains too hot. Central banks may not be done in tightening just yet. Recent surprise in labour market data...