Leo’s Blog | The Latest News

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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Has the Government gone too far with new tax rules?

Once again the current Government is stirring controversy, this time it is not about a $10million payment to a former detainee in Guantanamo Bay, Cuba, or an exotic family vacation in the Bahamas on a private island owned by a philanthropist who receives millions of...

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Withdrawal Strategies for Retirees

It is widely thought that the advisor-client relationship is pillared around the wealth accumulation stage of the investment cycle. Although this represents a large portion of the client experience, many clients spend 20 or more years in retirement which is why it is...

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TD’s Assessment of the Canadian Housing Market

I wanted to take a few minutes of your time to share with you some key highlights from a conference I just attended. Keeping on top of this fast-paced industry can be challenging. TD Asset Management Inc. (TDAM) hosted a conference in New Orleans that brought together...

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New Provincial Housing Measures

Late last week, Premier Kathleen Wynne announced a series of changes that are aimed at cooling the hot housing market in the GTA. With fears that the market has entered bubble territory, the government felt that intervention was necessary to take aim at foreign...

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Average Canadian Tax Bill

As Canadians, we typically vent about the amount of money we are paying to our Governments. Every year it seems like this amount is getting larger, but we never really examine how much we are paying relative to other Nations. A recent report from the OECD ranked 37...

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Top 50 advisors in Canada

Each year Wealth Professional (highly respected news publication in the financial services industry) reaches out to the financial services community in order to compile a list of the top advisors that are driving the business forward. Given the fact that there are...

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Investing in the Trump Era

With the U.S inauguration officially behind us, and President Trump now in the White House, I thought I would send you a list of his major campaign promises as a recap: · Undertake fiscal stimulus measures · Reform the tax system · Repatriate offshore profits ·...

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U.S. Interest Rate Hike

During the last Federal Reserve System meeting of 2016, Janet Yellen has announced an increase to interest rates in the United States by 0.25%. As it stands, interest rates in the U.S. are at 0.75% but the Federal Reserve has signaled for approximately three more rate...

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U.S. Election Result

I must admit I have been quite surprised by the resilience of the market yesterday and what I am seeing in the futures this morning. Statistically, the day after an election, the U.S market is down on average 1.8%. When President Obama was elected 8 years ago, the...

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