GIC rates have risen from ~1% at the start of the year to ~4% today. While there are many good reasons to own GICs, there are other important considerations to keep in mind before you assume this is a free lunch.
So many things these days seem out of control. Inflation, housing prices, labour shortages. Is it possible the economy is actually starting to rebalance? If the price of real estate or commodities are any indication, the answer is “yes”. It’s interesting to think about the impact interest rates have on housing prices and the economy as a whole.
Our investment team looks at the state of the markets and what a potential recession could look like against the backdrop of the current inflationary environment.
It’s little wonder that financial stress has reached new levels. The latest Financial Stress Index from FP Canada, however, shows that people who work with a Certified Financial Planner (CFP®) are less affected by financial adversity.
With combined brand expertise dating as far back as 1939, helping you plan for the long-term comes naturally to us. Accounting for uncertainty is a must when creating wealth strategies for our clients, so it’s a recurring theme in this issue of Grow Together.