The 2019 federal budget was unveiled March 19th by Finance Minister Bill Morneau. Key elements included housing affordability measures for first time home buyers, post- secondary student financing and debt repayment, professional development training opportunities, and securing your retirement. Keep in mind this is a pre-election budget and there are elements sprinkled in it for everyone. Funding for many of the commitments will only start to kick in after October’s election, giving voters the chance to weigh in their thoughts at the ballot box.
The month of February has been a continuation of what we saw throughout January, with gains being registered on major indices week after week.
Global equity markets made an impressive comeback in January after a poor end to 2018. Equities were boosted by signals from the US Federal Reserve that they will be more patient with the path of future rate hikes amid mixed global economic data. Emerging economies continued their rally fueled by a less hawkish sentiment across global central banks, the S&P/TSX hit its highest level since October, and the Canadian dollar strengthened relative to its US counterpart. We also saw signs of progress on the US-China trade negotiations.
'Tidying Up With Marie Kondo' has taken closets everywhere by storm in the few short weeks since it debuted on Netflix. If you haven't binged it yet, the show follows Japanese organizing consultant Marie Kondo as she helps people tidy up their homes through various seasons of life. Though her methods are centred around the home and finding joy in your space, her lessons can be applied to just about any part of your life — including your finances.
Looking back over the past year, markets had a strong start, hit record highs, and were ultimately bookended by a historically weak December, closing the year in the red. Themes such as the central bank interest rate tightening, tariff wars, global growth concerns, and even a twitter account certainly contributed to the volatility and the sell-off we experienced in equities during 2018.
Ah, holiday travel. It's both an exciting and crazy time to be hitting the road. While it's a fun thought to throw caution to the wind and catch the next flight out, making sure you're prepared – at least with the bare necessities – is generally a smart way to travel, especially now. And guess what? Ultimate holiday preparedness is just a few minutes away.
As on trend for 2018, geopolitical events dominated market movement throughout November. The Democrats took control of the House and the Republicans gained on their majority in the Senate. As a result, it is unlikely that Republicans will be able to extend their fiscal stimulus as a method to further grow the economy.
Happy Financial Literacy Month! We've rounded up some of our most valuable money lessons at the Invisor office to share with you. What are some lessons you swear by, or things you've learned while navigating your own financial journey? Pop down into the comments and let us know!
After three quarters of mostly slow and steady growth, October saw a correction in global financial markets with volatility doubling from its September levels. The S&P 500 fell by 6.8%, emerging markets were down 5.7% in CAD terms, while Canada was the biggest loser down 7.4%. Despite the risk averse sentiment, fixed income markets were also down by month end due to rising interest rates.
Sharing our take on current news stories.
Last week, global equity markets partially corrected, causing an onslaught of worrisome media pieces. We addressed this with our clients, and want to share our thoughts on this event with you, as well.