Happy Friday from BMWM!

As summer ends, many of our clients’ younger family members are trading in their beach bags for backpacks as they head back to school.  Back-to-school season is a great time to start thinking about and engaging in conversations surrounding financial literacy.  Many parents and grandparents are seeing the increasing importance of helping to ensure that their young loved ones are financially literate, which is why RBC Wealth Management Canada has taken a proactive approach to helping our clients reach the next generation in a way that is age-appropriate and understandable.  You can find more information about that here.

This week, Taylor and Brenda did the quarterly model updates and monthly rebalance.  This month included an increase to the bond weighting in our models.  Rates have increased significantly over the past year, making them a more attractive option in our portfolios.  We are hoping this addition will reduce volatility and improve yields.

The Current Account (click here to read) covers the U.S. looking to take advantage of rivals’ absence at the G20 event, Huawei launching a new competitive threat to Apple in China, the deepening of Germany’s economic gloom, and the Public Health Agency’s probe into Air Canada’s recent incident regarding cleanliness.

Taylor’s word of the week is copacetic, which means “fine,” “OK,” or “satisfactory.” For example, you might write a four-star review online about a product because you found it to be copacetic.

Have a lovely weekend,

Brenda, Betina, Taylor, and Matty