Market insights from industry experts
Congratulations to Craig Baun for being recognized as one of Wealth Professional Canada Magazine’s Top 50 Advisors 2022.
The second quarter turned out to be another strong one as artificial intelligence (AI) and technology names continued to power indexes higher. From November of last year until April of this year we’ve seen most equities performing well.
People often ask me, “What’s in a Wealth Plan?” Well, a lot depends on what matters most to you. Generally speaking, we can break it down into three main topics:
The 2024 Federal Budget, tabled on April 16, 2024, provides a mix of expected measures and a few surprises. In line with the announcements leading up to Budget Day, Budget 2024 outlines a multitude of measures targeted at housing affordability and the cost of living. The big question was how the government was going to pay for those measures. Budget 2024 delivers the answer with an increase to capital gains inclusion rates.
Mark Twain once delivered a sobering reminder of humanity’s tendency to disregard transformative ideas while allowing misconceptions to persist. As we stand on the precipice of two seismic shifts—the AI revolution and an impending fiscal storm—his words resonate profoundly. The true potential of artificial intelligence may be vastly underestimated and dismissed as hype, while fears about its impact remain entrenched. Simultaneously, the era of unbridled deficit spending is ending, and conventional wisdom about fiscal policy faces an upheaval that could shake financial markets to their core.
In the complex arena of global finance, as in geopolitics, strategic positioning can be just as crucial as raw power. This insight comes from Polish-American diplomat and political scientist Zbigniew Brzezinski in his book The Grand Chessboard, which offers a compelling parallel to the world of investing.
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