Then the Bank of Canada paused. But now, after the events of recent weeks and the banking crisis in the U.S. and Europe, it looks like the inconvenient truths have come home to roost—again.
Likewise, in investing, we are never immune to change. In recent times, we’ve seen the effects of rapid changes in inflation and interest rates on the financial markets
What’s a More Significant Risk, Inflation or Deflation? “Some say the world will end in fire, some say ice. From what I’ve tasted of desire, I hold with those who favor fire. But if it had to perish twice, I think I know enough of hate to know that for destruction, ice is also great and would suffice.” [1] – Robert Frost
If the U.S. was to default on its debt obligations, it would cause investors to flee from U.S. Treasuries, leading to a decrease in confidence in U.S. government debt and the U.S. Dollar (USD) as being the medium of exchange for the global economy.
Every year clients look at the RRSP Deduction Limit Statement on their Notice of Assessment and ask similar questions: Is there a difference between a RRSP contribution and a RRSP deduction?
I have RRSP deduction room and unused contributions — what does this mean?
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