As we approach Fall, we start to think of the end of the year. Here are a few financial planning tips as we approach the end of 2023.

The Bank of Canada announced today that it will hold the overnight rate at 5% despite an inflation rate increase to 3.3% in July 2023 which is trending further away from its target inflation rate of 2%. The central bank is adopting a “wait and see” stance as there was a sharp drop in domestic GDP growth reported for the first half of 2023 and increased unemployment to 5.5% in July compared to 4.9% a year ago.
Bank of Canada interest rate hikes are designed to curb demand in the economy by making it more expensive for consumers and businesses to borrow and by squeezing household budgets due to higher debt costs and rents.

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients. We want to ensure that you receive your fund requests when you need it; for example, buying a new car or any other purchase.
Please be reminded of the following process to ensure no delays are encountered for funding requests.

Don’t miss watching CTV Morning – Money Mondays recording from August 21, 2023, where I talk about Back to School Finance Reset.

As we dive into the second half of 2023, it’s an exciting and crucial time for investors like you and me. We find ourselves at the crossroads of economic recovery, policy shifts, technological breakthroughs, and geopolitical events that have the potential to shape the financial markets in significant ways. In this article, let’s embark on a personal journey as we explore the key factors to keep an eye on from a financial market perspective in the latter half of 2023.

Starting university is a major life transition – even the most academically well-prepared students (like you!) may find that adjusting to the new learning environment, course workload, freedom and responsibilities of university life may involve some challenges.
To support your transition, here are a few steps to help you prepare for your very first semester at university.
Get organized: The first step to manage your stress throughout the school year is to be in control of your academic responsibilities. If you receive your syllabi before the first day of class, read through it carefully taking note of important deadlines and exam dates.

Life insurance is not just a “death benefit.” It’s an important tool that can help save money and transfer wealth, particularly for individuals with high net worth.
Throughout my 30-year career, I have observed some common misconceptions about life insurance products. For many, life insurance is simply a reliable, long-term way to make sure their loved ones are financially secure after they pass. While this is true, for wealthier individuals, there’s much more that life insurance can do.

I’ve been getting a lot of questions lately about mortgage renewals – not surprising, given the steady rise of mortgage rates over the last couple of years. People with mortgages renewing in 2023 and even 2024 are justifiably concerned about what their new mortgage will cost, what impact it will have on their cash flow, and whether or not they will even be able to pass the stress test with today’s rates!

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients. We want to ensure that you receive your fund requests when you need it; for example, buying a new car or any other purchase.

Please be reminded of the following process to ensure no delays are encountered for funding requests.

As we dive into the second half of 2023, it’s an exciting and crucial time for investors like you and me. We find ourselves at the crossroads of economic recovery, policy shifts, technological breakthroughs, and geopolitical events that have the potential to shape the financial markets in significant ways. In this article, let’s embark on a personal journey as we explore the key factors to keep an eye on from a financial market perspective in the latter half of 2023.

Rising interest rates, high inflation, recession fears, political stalemates, and war are some of the headlines we have become accustomed to seeing every day over the past two years. With so many such headlines, it can be hard to focus on the long term. While navigating these troubling waters, some may find themselves inadvertently making financial mistakes that can have a serious impact at retirement. One of the more common, and potentially devastating, mistakes is selling your investments to buy GICs or other guaranteed investments when markets are in a downturn. This is why having a financial plan, owning quality securities, and being prepared is so critical to financial success.

Life insurance is not just a “death benefit.” It’s an important tool that can help save money and transfer wealth, particularly for individuals with high net worth.
Throughout my 30-year career, I have observed some common misconceptions about life insurance products. For many, life insurance is simply a reliable, long-term way to make sure their loved ones are financially secure after they pass. While this is true, for wealthier individuals, there’s much more that life insurance can do.