Fall Update 2024
September is here and fall is approaching quick, and school is back in session. We hope everyone had a great summer.
The last month or so has been very important for the markets. We received positive inflation numbers in both Canada and the U.S. These developments have seen the Bank of Canada lower rates three times now. It is largely expected that the U.S. Federal Reserve will begin cutting this month as well.
Interest rates are the single most important factor that influences conservative investors and investors that seek income. When rates are high, things like GICs and daily interest savings accounts compete with other income investments such as banks, utilities, and real estate. As rates come down, GICs become less competitive and funds flow into the kinds of things we own. We have already seen the positivity that comes from this shift, and we expect that to continue.
This past year has largely done everything we have been expecting and we are pleased with where we are. What do we do next?
We are going to continue to allocate our portfolios to reap the benefits of the sectors that thrive the most in this current environment. Our income strategy has performed well, and income has been increasing. Our strategy will continue to show its strengths into the coming year.
Lastly, we want to thank people for referring us to their friends and families. We can not tell you how much we appreciate it. We are growing and we hope to continue to grow and expand our family wealth business, so your trust in us is invaluable. We are always glad to assist our clients’ friends. Thanks again.
All the best,
Alan, Jack, Sarah & Tiz,
Tchabushnig Wealth Group.
This communication has been prepared by Alan Tchabushnig and expresses the opinions of the authors and not necessarily those of Raymond James Ltd. (RJL). Statistics, factual data and other information are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. It is intended for distribution only in those jurisdictions where RJL and the author are registered. Securities-related products and services are offered through Raymond James Ltd., member - Canadian Investor Protection Fund. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member - Canadian Investor Protection Fund.
