Small Talk- August 2021

Aug 10, 2021 | Brendon Boothman


From our Team

Throughout the pandemic the charitable sector in Canada has been significantly impacted from decreased donations and growing service demands.  According to Imagine Canada’s second Sector Monitor Study in February 2021, 75 percent of charities noted a drop in at least one type of donation and over half experienced lower revenues. 

Our team has been quite involved with a number of community events, volunteering with several organizations. 

  • On July 12th the United Way of the Battlefords hosted their annual golf scramble fundraiser out at Jackfish Lodge.  Leading up to the event we helped source sponsorships and donations, also volunteering time at the tournament to help their day run smooth & raise funds for the Battlefords. 
  • As an active board member for the BGC Battlefords (formerly Battlefords Boys and Girls Club) Molly’s been involved exploring options for the club to expand their services. 
  • Lauralee continues assisting Meals on Wheels to ensure the elderly get access to a healthy meal.  She’s been volunteering with this group on a weekly basis since 2019 over her lunch hour every Monday. 

Being charitable can mean a number of things whether it’s supporting causes via donations or contributing your time through volunteering.  How and why you give, along with the level of emphasis you place on charitable activities, is completely personal to you or your family. 

From RBC Portfolio Advisory Group & RBC Wealth Management:

As the global economic transition to clean energy accelerates, is the recent price surge in critical metals the start of a long-term uptrend?  Chris Beer, senior portfolio manager at RBC Global Asset Management shares his perspective in the article here

Challenges are coming at the stock market from different directions, but the rally continues.  We look at the great motivator for equity performance in the article here

Source: Global Insight Monthly: click here for full report

Just for Fun

8 Facts You May Not Know About Charities

  1. There are 86,000 registered Canadian charities
  2. Canada’s charitable sector is the largest in North America
  3. Canada’s charitable sector is a large part of the national workforce
  4. The sector brings in billions of dollars each year to our economy, an estimated $151 billion. 
  5. A small amount of charitable spending goes to administrative costs, less than 10%
  6. Most government funding goes to a handful of charities
  7. Canadians give over $14 billion annually to charity