RBC Global Insight: January 2025
RBC Wealth Management has launched the Global Insight 2025 Outlook, which showcases unique perspectives on the catalysts and challenges that could impact investment portfolios in the year ahead. Highlights include:
Equity balancing act
In 2025, global equity markets may be able to add to the remarkable gains of the past two years. We believe that will require economic and earnings pictures that don’t falter.
The " Unstoppables"
Beyond the horizon of 2025, four powerful, highly predictable trends involving game-changing innovations and demographic changes are set to play out in the global economy. As these trends transform the way we live, work, and interact with each other over the coming decades, we believe they can provide an attractive way to plug investment portfolios into the future.
Canada regional focus
Despite potential headwinds, we are generally constructive on Canadian markets, though we expect less outperformance in credit.
U.S. regional focus
A more complex equity landscape and the potential for Fed policy shifts mean investors will need to be nimble in 2025.
Additional regional insights – Our on-the-ground analysts and strategists around the world examine the issues and opportunities facing markets and asset classes in 2025 in the UK, Europe, and Asia.
Client Appreciation Event: Wine Tasting & Real Estate Market Update
In appreciation of your continued trust and support, you and a guest are cordially invited to a special Wine Tasting Event, followed by a brief discussion on the Canadian Real Estate market with President & CEO of Veritas Investment Research, Anthony Scilipoti and District Manager for Mortgage Specialists at RBC, Randy Chin.
Event details:
When: 4:15pm – 6:30pm PST on Thursday, February 20th
Location: 36th floor – 1055 W. Georgia St., Vancouver, BC, V6E 3P3
For more information on the event and / or to RSVP, please follow the link below - For additional assistance, please email abby.huang@rbc.com, or by phone 604-257-2540.
2025 TFSA Information & 2024 RRSP Deadline
2025 TFSA Contribution Information
You can now make your Tax-Free Savings Account (TFSA) contribution for 2025 (up to $7,000.00).If you haven’t maximized your TFSA contributions in the past, you can also catch up on your 2009-2024 contributions. The maximum possible contribution room for all years (including 2025) is $102,000 (assuming you were at least age 18 in 2009).
2024 RRSP Contribution Deadline
The RRSP contribution deadline for the 2024 tax year is March 3, 2025. Your contribution limit for 2024 is 18% of your 2023 earned income, to a maximum of $31,560, with certain adjustments (e.g. less any Pension Adjustment appearing on your T4 tax slip and plus any unused contribution room carried forward from previous years). Please check your latest NOA or refer to the MyCRA website to confirm your exact contribution limit.
For additional information and contribution options, please click the link below.
Canada's Housing Market Update
Homebuyers get some affordability relief but strains endure
RBC’s affordability measures dipped in all markets we track in Q3. (A decline in the measure represents a gain in affordability.) Vancouver, Victoria and Toronto recorded the largest drops again.
More relief is likely to come in 2025. We expect the Bank of Canada will cut its policy rate further next year, which should drive down ownership costs. Steady gains in household income will also help, along with regulatory changes allowing first-time homebuyers to choose a 30-year amortizations on insured mortgages. Any sizable price increases would be a setback, though.
Special Report: An Update on Gold
The current environment for gold investing is particularly favorable, and this asset class is once again proving why it holds such an enduring appeal for long-term investors. Whether as a hedge against inflation, a tool for diversification, or as protection against heightened market volatility, gold is showing why it deserves a place in many portfolios today.
While gold does face risks—such as potential changes in interest rates or shifts in investor sentiment—the overall outlook remains constructive. For investors looking to hedge against uncertainty, diversify their portfolios, or simply capture potential upside, gold remains an appealing and relevant choice in 2025.
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.
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.