Happy Friday from BMWM!

 

Markets have been slightly more settled in the recent weeks.  Much of this is in anticipation of an already priced in recession and less concerns about the banks struggling after last month’s worries.  According to Investment Executive, in the 2023 CPA (Chartered Professional Accountant) survey, 67% of respondents said the most likely scenario for Canada in 2023 was a “mild” recession, followed by 22% who expected neither growth nor recession this year.

 

On our team, we are excited to see the end of tax season for most clients, although small business and corporations are still keeping us and accountants busy.  Please reach out to our team if you would like your accountant to receive automatic mailings of your tax information.  We are happy to accommodate this request and can change your preference at any time.

 

The Current Account (click here to read) includes a quick 10 minute podcast discussing an interesting scenario.  Currently, Canadian home prices are falling, yet rents are going through the roof.  Further into the Current Account, the U.S. Congress has passed a bill to raise its debt limit, home building could fall by 1/3 this year, and Canadians are being evacuated from Sudan.

 

Taylor’s word of the week is plummet, meaning “fall or drop straight down at a high speed”.  For example, when the Canadian winter hits, the temperature plummets.

 

And finally… Go Leafs Go!

 

Have a wonderful weekend,

 

Brenda, Betina, Taylor, and Matty