Leo’s Blog | The Latest News

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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Fidelity Investments & Renaissance Investments Conferences

Over the past week, I had the privilege of attending conferences from both Fidelity Investments & Renaissance Investments in order to gather some insight on market direction from three of their top portfolio managers. I was lucky enough to listen to Steve...

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TD Expects Canada to Run Bigger Deficits Than Budgeted

I wanted to share a report from TD Economics in regards to the larger and more persistent federal budget deficits expected well into 2017. The main causes for the increased deficits appear to be a slowing of economic growth from what was projected by Finance Minister...

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New Mortgage Rules

In an effort to ensure that Canadians are not taking on more mortgage debt than they should, the Liberal government announced several changes that will come into effect beginning on October 17th. These changes are: 1.) Expanding the mortgage rate stress test to all...

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Which country ranks #1 in retirement security

I came across an interesting article I wanted to share with regards to retirement security and where we stand as Canadians moving forward. Currently, Canada is ranked #10 in the world when it comes to retirement security, mostly due to these factors: Canada has low...

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Long term impact of BREXIT

As I am sure you’ve probably heard, UK voters have decided in favour of leaving the European Union. In order to give you some clarity on the issue, attached to this email you will find a special report from BMO Capital Markets on the long-term impact of BREXIT on the...

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