Leo’s Blog | The Latest News
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...