The holiday season is a time for giving, and at the Baun & Pate Investment Group (BPIG), we’re excited to bring back our 12 Days of Giving for 2024.
In place of sending Christmas cards, we are continuing a tradition that aligns with our core values as active members of the Calgary community. Over the course of 12 days, we will highlight a charity selected by a member of our team—one that holds personal significance to them and truly embodies the spirit of Calgary and the essence of giving back. Thanks to the generosity of Michael Pate and Craig Baun, each of these organizations will receive a $1,000 donation to support the meaningful work they do in our community.
On the seventh day of giving, Melanie Duggan, our Senior Investment Associate, nominated The Kidney Foundation of Canada.
Why? “The charity I chose to support is The Kidney Foundation of Canada. It holds a special place for me as I had the personal experience of donating a kidney to a friend in 2023,” said Melanie. “I saw firsthand the impact living with kidney disease has on a person and their family as their life becomes centered around the illness and managing dialysis appointments.“
The foundation is a vital resource for funding kidney research and programs for people living with kidney disease. It is also a great educational resource on kidney health and for people newly diagnosed with kidney disease, as well as information for people like me wanting to learn more about how to become an organ donor.
“When The Kidney Foundation of Canada was launched in 1964, a person with kidney failure had very little hope of survival. At that time, there were few options for Canadians diagnosed with kidney disease. Dialysis was considered ‘an extraordinary’ treatment and only a small number of patients had access. Renal transplantation was still in its infancy and viewed as experimental.”
Significant progress has been made in the past six decades to improve the quality of life and health outcomes of kidney patients. “In 2024, the work of The Kidney Foundation is more important than ever. One in 10 Canadians is living with kidney disease and the number of people diagnosed annually continues to rise, particularly with high incidence rates of diabetes and high blood pressure. While thousands of Canadians have received kidney transplants, many more are on waiting lists hoping to find a match for a life-sustaining transplant.”
Please follow along on our LinkedIn page and our website as we highlight a new charity every business day until December 24th.
From the entire team at the Baun & Pate Investment Group, we wish you and your family a very happy holiday season and a prosperous New Year.
The signing of the Peace of Westphalia in 1648 didn’t just end the Thirty Years’ War; it reshaped the global order. It established state sovereignty and balance-of-power principles that have governed international relations for centuries. As Hobbes insightfully noted, while conflict may be inherent in human nature, peace is achievable through mutual agreement among sovereign powers.
As the first quarter ended this week, we saw U.S. markets lower from January and Canadian markets slightly higher for the quarter. As mentioned in our last update, volatility was likely to increase and the Trump administrations on again off again tariff approach caused just that over the months of February and March.
As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2024 tax year. Please note that these are a summary of some of the changes that may or may not apply to your situation. We would welcome the opportunity to complete a Wealth Plan with your family so that we can provide additional specific advice.
Bismarck’s 19th-century declaration about the changing realities of geopolitics resonates today as the global economic order undergoes seismic shifts. For decades, Canada and the U.S. have shared a mutually beneficial trade relationship, underpinned by the post-Second World War framework of free trade agreements and multilateral cooperation.
We do not know if the 25% tariffs will be implemented tomorrow or there will be an 11th hour deal to delay them. Mexico has come out and said that a deal is in place to delay the tariffs for a month but so far nothing has been confirmed in Canada and there will be another call at 3 p.m. between President Donald Trump and Prime Minister Justin Trudeau to discuss further.
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