Happy Friday from BMWM!

Wow, we’re already halfway through July, and fall is fast approaching! This beautiful weather makes me think of trees, flowers, and the environment. This reminded me to talk about electronic statements and tax forms. If you are comfortable, please reach out to the team to switch you to electronic statements and save a tree. If you have access to DSOnline, you are also able to make this switch in your settings.

We have been doing a lot of financial planning with our clients, and are still looking for tax information from some of you. If you haven’t provided us with your Notice of Assessment, please send this to Matty (Matthew.Grieder@rbc.com) when you have some time.

The Current Account (click here to read) covers B.C. port workers agreeing to a four-year deal, movie and TV stars joining screenwriters in a Hollywood-wide strike, heat records being set in northern Canada, and the Canadian National Exhibition being set to make a splash this year with its new “Vegas style” fountain show.

Taylor’s word of the week is negative correlation, meaning “two stocks that move in opposite directions”. For example, stock ABC went up $5 and stock XYZ went down $5 which shows that they are perfectly negatively correlated. This can often happen with bonds and stocks, which is one of the reasons we include both in an asset allocation. In years when stocks are down, bonds can be up, which gives us a safe place to draw from, should you require cash.

Have a wonderful weekend,

Brenda, Betina, Taylor, Matty, and Jacob