A recent Globe & Mail article highlighted an oft-overlooked estate planning risk: the lost will. In the case of Finsant Estate (2024),1 a will prepared in 2001 named the deceased’s grand-niece as the sole beneficiary. While the will could not be located, the assumed beneficiary asked the court to enforce
Despite rising living costs, the share of income spent on necessities has declined. In 1976, households spent about 43 percent of their income on shelter, food and clothing. Today, this has fallen to around 35 percent. What has risen is the share we pay to taxes. In 2025, the average
If you’ve eaten fast food recently, you may be surprised by the bill. Thirty years ago, a Big Mac hamburger cost around $2. Today, it is almost four times the price. Over the same period, average family income has risen by 162 percent, while the Consumer Price Index (CPI), the
At a Glance: Perspectives on the Big Tech Bull Market After a summer of considerable market enthusiasm surrounding artificial intelligence (AI), it’s worth taking a step back. Why does AI seem to be advancing so quickly? While it may feel like a recent phenomenon, its roots stretch back to the
Markets rarely linger in equilibrium. The pendulum of sentiment swings between fear and greed, and this year has been no exception. After April’s lows, the S&P surged over 30 percent in just two months, one of the fastest rallies in recent history, while the TSX hit multiple all-time highs. Yet,
A new era for Canada is about to begin “I read in a newspaper that I was to be received with all the honors customarily rendered to a foreign ruler. I am grateful for the honors; but something within me rebelled at that word ‘foreign’. I say this because when
Investing at the crossroads of history “A wise man will make more opportunities than he finds.” – Francis Bacon, The Essays (1597) Download this PDF here. The edge of transformation Bacon’s wisdom, that true prosperity is won by strategic preparation, not by accident, serves as the north star for sophisticated
Why America’s reset could propel the S&P 500 to 7,500 “The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw, Maxims for Revolutionists Download this PDF here. The
We are proud to announce that Cresco Wealth Management has once again been recognized as one of Canada’s top wealth advisory teams by Wealth Professional. For the third consecutive year, we have received the prestigious 5-Star Advisory Team award, a national recognition that celebrates excellence, innovation, and above all, an
In May, Moody’s downgraded the U.S. credit rating from the top Aaa to Aa1. This move by one of the major credit rating agencies—S&P and Fitch are the other two—raised the question: Does a downgrade matter? First, what is a rating? A credit rating assesses a borrower’s ability and willingness
The Federal Reserve, central bank ideology, and the future of economic order “The Federal Reserve… is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.” – William McChesney Martin Jr., U.S. Federal Reserve chair, in a 1955 speech
Without a doubt, home ownership has become increasingly out of reach for younger generations (chart, bottom). Canadian home prices have risen faster than in any other G7 country—nearly quadrupling over 40 years (graph, bottom). As such, many families are stepping in to help. Beyond easing financial stress, this support can
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