Financial Library

Closing Out 2017

Posted on: November 13, 2017

Well, it's been a pretty crazy year, but overall, a pretty good one. We've seen record highs in US and Canadian Stocks and we've also seen the Indexes of a number of European Countries hit record highs too. On top of that, we've seen strong growth in the Emerging Markets in 2017. While we did see Interest Rates rise earlier in the year, the Bank of Canada did not raise rates again at the end of October. Bonds have stabilized since that time and job numbers in Canada have continued to go up this year.

Will Your Estate Have Enough Cash?

Posted on: October 9, 2017

We've all heard that life has two certainties - death and taxes. You need to know the two often coincide. While Canada does not have an official death, estate or inheritance tax, there are some postponed taxes that become payable on death. There are other obligations that need to be taken into account as well. Without proper planning, an estate may have to face large and unexpected cash shortages. Consider:

Tags: 
estate planning

How's Your Net Worth?

Posted on: October 9, 2017

His banker asked Trent what his net worth was for a loan he was applying for. He had trouble answering the question right away.

What is Net Worth?

Quite simply, net worth is the difference between what you own and what you owe. But true net worth may not be quite that simple.

Tags: 
financial strategies

A Rough Way to Start the Quarter

Posted on: October 9, 2017

As I write this, more details are coming in about the mass shooting in Las Vegas. It will go down as the worst mass shooting in US history and our hearts go out to all of those affected. I'll admit, it's not easy writing an upbeat newsletter when this kind of thing happens, especially with the terrorist event that just happened in Edmonton recently. There really has been a lot of good news to report out there with decent job growth in North America and US & Canadian Stocks rising nicely in September. Unfortunately, this kind of thing will take attention off of the positives.

A Tough Summer for So Many

Posted on: September 11, 2017

While many of us have had a very good few months, it's been a very hard Summer for many across North America this year. The wildfires in British Columbia have impacted many areas and left so much destruction. Our hearts go out to all those who have been impacted.

Era of Rising Interest Rates

Posted on: September 11, 2017

The recent increases in the Bank of Canada and Federal Reserve prime rate in the past few months signal the end of historically low interest rates. According to a Bank of England study released in early 2016, current low interest rates are the lowest in 5000 years of recorded history*!

Media reports in July pointed to a Parliamentary Budget Office (PBO) report that warns the debt service ratio (the percentage of gross income needed to cover debt repayment costs) will move up by 3.5% by 2021 to 16.3% from the average of 12.9% seen between 1990 and 2017.

Tags: 
debt management
interest rates
saving strategies

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