Economic updates and community videos

Jun 25, 2021 | Elinesky Schuett Private Wealth Management


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In our blog post this week, we are featuring the latest economic update video from Eric Lascelles, Chief Economist with RBC Global Asset Management, Vaccine progress, with new forecasts for inflation and global growth. We’ve also included an article that looks deeper into the U.S. Federal Reserve’s June meeting that opened the door to asset purchase tapering and interest rate hikes, Is the Fed on the road to raising interest rates?

Earlier this month, Hospice Wellington’s Volunteer Engagement Coordinator, Dale Gellatly, shared a presentation on Advance Care Planning. We have included the event replay link below, and encourage you to watch the video and share it with your loved ones to help start the conversation on the importance of Advance Care Planning.

In the latest Take 2 Minutes article, the focus is on VPNs (Virtual Private Networks). You may have heard or seen ads for VPNs. They might sound technical, but what are they really? What do they do, and most importantly, do you need one to keep yourself secure on the web? Use the link below to find out more.

Over the past few weeks we’ve been sharing information about our team ride in the Tour de Guelph. Our team gathered together to ride in this annual fundraising event last Wednesday, and we are excited to share our ride video with you this week.

As always, we end our weekly blog post with a few good news stories from in and around our community.

Please note that our office will be closed on Canada Day, July 1, but we will be back answering your phone calls and emails on Friday, July 2. Also, our weekly newsletter will not be published next week, but will be in your inbox the following Friday.


Vaccine progress, with new forecasts for inflation and global growth

Vaccination efforts continue to progress while the Delta variant persists, especially across emerging market countries. In the developed world, where many economies have reopened, RBC Global Asset Management’s Chief Economist, Eric Lascelles, looks at consumer behaviours and other post-pandemic trends. Finally, he shares updated inflation forecasts from the Fed, and explores expectations around upcoming rate hikes and inflation.

Watch the video online: Vaccine progress, with new forecasts for inflation and global growth

Blue background with an outline map of the world. Text: #MacroMemo June 22 - July 5

Watch time: 14 minutes 12 seconds

Is the Fed on the road to raising interest rates?

Photo of the US Federal Reserve. Large white concrete building

 

The U.S. Federal Reserve struck a more hawkish note than markets expected at its June meeting, driving bond prices lower and yields higher across the Treasury curve. Although we share the view that the meeting is important in understanding future Fed policy moves, we would caution that the initial market reaction likely overstates the impact of the changing Fed projections and the language of the post-meeting statement.

Read the full article online: Is the Fed on the road to raising interest rates?

 

Event replay: Understanding the importance of Advance Care Planning

Did you know… Advance Care Planning in Ontario is different from other provinces and involves identifying your future Substitute Decision Maker(s) and having conversations about what is important you?

If you were unable to attend our recent online event, Understanding the Importance of Advance Care Planning, please set aside some time to watch the event replay online. In this 45 minute session, Dale Gellatly from Hospice Wellington shares a wealth of information on what Advance Care Planning is and why it should matter to you.

As Dale mentions in her presentation, it’s important to have these conversations with your loved ones. If you are looking for a way to start the conversation, you are welcome to share the video link. Simply click the link below and use one of the share icons at the top of the webpage.

Event replay video link: Understanding the importance of Advance Care Planning

Grandmother walking with children along a shoreline. Text: Elinesky Schuett Speaker Series, Understanding the importance of Advance Care Planning. Your host: Elinesky Schuett Private Wealth Management of RBC Dominion Securities. Guest Speaker: Dale GelletlyWatch time: 51 minutes, 22 seconds

Take 2 Minutes: What’s a VPN, and do you need one?

Icons: phone, lock, and key, on a blue background. Text: Take 2 Minutes

A VPN is a Virtual Private Network. When you use a VPN on your device, it securely connects you to an online network. Using a VPN can be one part of keeping information more private each time you use your devices.

Learn what you need to know about VPNs — what they are and what they can and can't do in this online article: Take 2 Minutes: What’s a VPN, and do you need one?

 

Tour de Guelph Community Ride

This week, the Elinesky Schuett team gathered together, socially distanced of course, to ride in the Tour de Guelph Community Ride, raising funds for The Foundation of Guelph General Hospital and the Rotary Clubs of Guelph South and Guelph Trillium.

We would like to thank all of those to donated to our team ride. As stated on the Tour de Guelph website, “this year’s proceeds to the Hospital will directly support its $34-million Together, We Care fundraising campaign, helping the Hospital invest in new patient care equipment and technology by helping to fund a new MRI machine!”

We couldn’t have asked for better weather for the big day! Our route took us along the Eramosa River, starting from the covered bridge, to Victoria Road South, through The Ward, to the River Run Centre, and finally back to the covered bridge. You can watch the video on our Facebook page: Our Tour de Guelph Community Ride.

Group of adults standing beside their bikes at a covered bridge Group of adults riding their bikes along a small tree-lined laneway.

We are thrilled to support this great event, both through our team ride and as the presenting sponsor for the online photo album, and we’re already looking forward to our 2022 Tour de Guelph Community Ride. For more information, visit tourdeguelph.ca.

Holiday closure: Canada Day, July 1

Two red Muskoka chairs on a dock

Our office will be closed on Canada Day, July 1. We will be back answering your phone calls and emails on Friday, July 2. Our weekly newsletter will not be published next week, but will be in your inbox the following Friday.

 

Community Corner

Each week, we like to end our posts with a few good news stories from in and around the community. We hope that they brighten your day!

As always, we are available to connect with you personally. Please don’t hesitate to contact us at 519-822-2024 or elineskyschuett@rbc.com.