U.S. debt dilemma: No quick fixes and no catastrophes 

Commentators frequently conflate the federal government’s debt with the nation’s—a critical mistake, in our view. We dig into how investors should be thinking about fiscal policy and the debt and discuss why neither catastrophes nor quick fixes are likely.

Global equity: Trees don’t grow to the sky

We don’t believe markets are finished moving higher. But thinking about risk appetite and having a plan for becoming more defensive when conditions dictate are things to contemplate in coming months. With stocks no longer compellingly cheap and investor sentiment increasingly complacent, we favor a cautious, watchful approach.

Global fixed income: The only certainty is uncertainty

The global monetary policy easing cycle has finally commenced. But how far it will run and for how long remain unclear. Regardless of the timing, or scope, of rate cuts, it’s clear to us that we have reached the point where yields are now likely to trend lower. We explain what we think the next step should be for investors heading into the second half of the year.

Regional commentary

Our regional analysts present their views of equity and fixed income markets, currencies, and commodities, as well as how to position portfolios.

U.S. Recession Scorecard: Clouding over

Our U.S. Recession Scorecard saw an important negative shift in May when a third leading indicator was re-rated to recessionary red. A fourth may undergo a similar shift in the next couple of months. Equity investors should be aware that risks of the U.S. economy slipping into recession in the coming months are rising.

Read Full Report Here >

Business Owner Presentation Series 

Grow, manage and protect your wealth and your business 

Presented by RBC Wealth Management and RBC Group Advantage

Please join us for this series of virtual presentations where we will discuss the services available through RBC for private wealth management and group saving plans for your employees.

RBC Wealth Management services are designed to help you maximize your returns while minimizing risk.

RBC Group Advantage delivers employee-focused financial benefit solutions. Well-designed Group Registered Retirement Savings Plan (RRSP) and Deferred Profit Share Pension (DPSP) strategies help companies attract and retain top talent in their respective industries.

Virtual Presentation Series (Hosted Via Cisco Webex)

• Session 2: Thursday August 8th @ 12pm
• Session 3: Tuesday, September 17th @ 12pm

Note - All sessions will include the same content

Kindly RSVP by using the submission form in the link below or contact Abby Huang directly at 604-257-2540, and Webex link will be provided.

RSVP Required >

Canada’s Housing Market Update

Inventories rebuilding fast in Canada's largest housing markets 

Transactions increased across the board from May with more buyers coming to the housing market. But buying was far from enough to absorb the new inventory that’s been rebuilding for months. Growth in new listings continued to outpace sales in Canada’s more expensive markets, and inventories are continuing to grow.

The influx of supply has shifted more of the bargaining power to buyers, who in some markets are still extracting price concessions from sellers.

Read More Here >

Investing at All-Time Highs 

Investing for the long term 

There’s no way of knowing what lies ahead in the near term. What history tells us is that stocks tend to move higher over the long term. New highs are a normal occurrence and don’t necessarily warn of an impending correction. They may in fact signal that further growth lies ahead..

• Looking out just one year from each all-time high in the S&P 500, market corrections greater than 10% have occurred only 9% of the time.
• As we extend the time horizon, market corrections become even rarer. In fact, the S&P 500 has never been down by more than 10% at the end of a 10-year period following any of its all-time highs since 1950.
• Long-term investors have the advantage of an extended time horizon. Staying invested can help them stick to their financial plan

Read More Here >

Financial Planning: Charitable Giving 

Planned philanthropic giving can help create a beautiful legacy 

Planned giving is exactly what it sounds like: making a plan now for a monetary gift in the future-often, but not always, after death.

There is no question that planned giving has benefits for the recipient charities, including stability of revenue and the ability to plan programming around that revenue. But there are also many advantages to donors, and their families. When instructions for philanthropic giving are included in a wealth distribution plan, it relieves the inheritors of a significant burden. They don’t have to question what the deceased would have wanted or worry that they got it wrong. They’re free to simply remember their loved one.

Read More Here >

Complimentary Second Opinion Service

Helping your family build, manage and protect your wealth

If you’re a successful entrepreneur, part of a large family, or a high net-worth retiree/pre-retiree, you may have to manage financial issues that others don’t; This could include inheritances, assets in trust, complex tax planning, or a family vacation property. Perhaps you’d like to put your finances into greater context with your family’s savings, estate and business planning goals. Whatever your personal situation, we are here to help, with a comprehensive review that can ensure your wealth remains “all in the family.”

Our review process typically looks at both your investment portfolio and your overall wealth planning. This way, we can assess your financial situation in the context of your personal tax situation, savings goals, the time you have to invest and other factors such as your insurance coverage or charitable intentions.

Learn More Here >