Leo’s Blog | The Latest News
Control Your Destiny, for Clients’ Sake
Hard to believe the summer is almost over, my children are already going back to school next week and I ask myself where has the summer gone? In any event, I wanted to share with you a featured article I wrote for BMO Global Asset Management’s newsletter. In it, I...
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Feature in BMO Insight Magazine
I wanted to take this opportunity to share my interview with BMO Global Asset Management Investment Review. I was featured in their Insight magazine which is an industry publication. I discussed my philosophy about the framework for constructing client portfolios. The...
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Late cycle: don’t be a ‘deer in the headlights’
2018 marks year #10 since our last global market downturn. To place this into context, historically a market correction-recession typically happens every 5-6 years. As you can appreciate we are well beyond those statistics which leads me to believe we are closer to...
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Fundamentals or hype?
Does the average person buy a stock/business because they understand the business model, they understand it’s competitive intelligence, it’s barrier to entry for the competition, and their financial position? Or do they buy based on hype? I am writing this note due...
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Market declines are like vegetables – they don’t always taste good but can be good for you
I wanted to provide feedback on the recent market downturn. This activity is not a bear market which is defined as 3-6 months of a market downturn, rather a market correction that is long overdue – and perfectly normal when you look at historical trends. Since March...
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Millions of Canadians already struggling with interest rate rises
I wanted to pass along an interesting article from Wealth Professional Canada regarding Canadian's struggles with the inevitable rising interest rate environment. Whether it be a mortgage or an investment loan, a minimal uptick in interest rates would mean less...
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Is the Canadian economy losing steam?
The Canadian economy contracted in August — its first monthly pullback since October last year. Statistics Canada said Tuesday real GDP shrank 0.1% in August, following essentially no change in July. The Canadian economy began 2017 with strong growth through the first...
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Security Financial Deposit Group – competitive GIC rates
Over the years clients of the firm have been asking about GIC deposits and unfortunately I always turned that business away as there was no offering in place. Today I am pleased to announce the launch of Security Financial Deposit Group! Security Financial Deposit...
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Canadian Consumer Data
Lately, there has been much media hype about the Canadian economy, and the data seems to suggest we are certainly experiencing growth. However, one pressing question remains - how much of this growth will actually be felt by the average Canadian? Recently, the...
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A surprise interest rate hike by the Bank of Canada
The Bank of Canada made a decision today which caught many investors by surprise: they decided to raise interest rates for the second time this year, taking the lending rate to 1% from 0.75%. Many analysts and pundits had priced in an almost certain hike for October,...
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