Monthly Newsletter: Portfolio Advisor - June 2022

June 24, 2022 | Thomas de Mello, CIM


RBC Global Insight Monthly - June 2022

I am pleased to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our latest thoughts on asset classes, the economy, and timely issues that impact investment strategy. This month’s topics include:

An unusual economic cycle shifts gears: We examine the main sticking points for the U.S. and other major economies, including inflation, and what it all means for the outlook for equities.

A full plate: Investing in food security: Why food security matters now more than ever and areas where growth prospects are driven by this imperative.

U.S. recession scorecard update: Despite a status shift for one indicator, the recession scorecard continues to give the economy an expansionary green light.

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Advice Event: BC Real Estate Market Update - Outlook 2022/2023

Thursday - July 7th, 2022 @ 12pm (via Webex)

A lot has changed very quickly in the real estate market over the past several months. Please join us for this special advice event where Brendon Ogmundson - Chief Economist for the BC Real Estate Association, and one of Vancouver’s top realtors, Vivian Yu, discuss the current state and future outlook for the Vancouver Real Estate market. This will be followed by a discussion with RBC Mortgage Specialist, Anisha Jhamat, on the changes in the mortgage sector and the process involved if you are considering the purchase of a new home.
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Financial Literacy Campaign

Wealth Management encompasses so much more than just an investment portfolio. It involves supporting you and your entire family with the advice, support and ongoing education to grow and protect your wealth for generations.

To that end, I am pleased to kick-start our Financial Literacy Campaign designed to support our clients with all the tools and resources necessary to educate and care for their family across generations.

Over the coming months, you will begin to see a number of articles, emails, seminars and other resources related to financial literacy. Please do not hesitate to contact us if you are interested in a specific topic or have any questions.

In addition, we are now offering one-on-one consultations with you and your family to develop a comprehensive plan to educate and support your entire family, specific to your own objectives– please contact me directly for additional details.

To begin our campaign, I’m pleased to share an article from our latest Perspectives Magazine: Teaching your Kids about Financial Literacy.

RBC Business Partners & Resources

Support for all of your Business Needs

RBC has an extensive network of resources and expertise available to support our business owner clients with all of their banking and employee benefits needs. Please contact me directly if you would like a personal introduction to one of our trusted advisors in any of the areas below:

RBC Group Advantage: Provides employers with Registered Plan and Group Retirement Saving programs.

RBC Group Benefits: Provides employers with group life, disability and health / dental insurance plans.

RBC Business Banking: Provides employers with business banking accounts, credit cards, loans, and cash flow solutions.

Real Estate: Canada's House Markets Rebalancing Fast

The wind is definitely shifting—and becoming a lot chillier—for Canada’s housing market. Toronto, Vancouver, Montreal, Ottawa and Hamilton were among the areas experiencing significant pullbacks in home resale activity in May. For many of them this represented the third-straight month of decline. Clearly the Bank of Canada’s interest rate hikes since March—and the prospects for more in the months ahead—are changing the game in a big way. They’re considerably raising the bar for buyers, and dragging down earlier (super) bullish sentiment in the process.
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Estate Planning - Video Presentation
In case you missed it, the replay of our recent presentation on Will and Estate Planning with our in-house Lawyer, Jonah Rabinovitch is now available online.

The goal of this seminar is to provide you with a clear understanding of how to help create a lasting legacy for your family, protect and enhance the value of your estate, minimize the impact of taxes, and simplify the process to make it easier for your family.
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This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under licence. © 2022 RBC Dominion Securities Inc. All rights reserved.