What’s up with inflation? Your questions answered

Nov 19, 2021 | Elinesky Schuett Private Wealth Management


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This week we answer the question that so many are asking, What's up with inflation?, in the report shared below. We’ve also included a new podcast from RBC Global Asset Management, A look at the labour market, with Eric Lascelles.

In addition to our economic content, we’ve highlighted the importance of selecting the right executor in two new links shared below. The first link will take you to a recent article in The Star, featuring Leanne Kaufman, President and CEO, Royal Trust, Corporate executors can help avoid burdening loved ones with winding up your estate. The second is the final video in the new series, Uncomplicated advice for executors, The Wealthy Barber’s advice to Bryan and Sarah Baeumler on being named an executor of a Will.

Earlier this year, we shared some of the fantastic recipes from the At Home with RBC series. Now that the weather is getting cooler, it’s time to start thinking about comfort food. Get great comfort food recipes from across the country in the article, Recipes for Canada’s regional comfort foods.

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


What's up with inflation?

Illustration of arrows and dollar signs moving upwardsHigh inflation means different things to different generations. To the earliest baby boomers, the term conjures memories of the double-digit increases of the mid-70s to early-80s and sky-high mortgage rates. For subsequent generations of inflation watchers, central banks’ success in keeping inflation near or below the two percent target has made today’s rates look shocking. But is the current pandemic-related jump in prices really the beginning of a new era of inflation? Just as the COVID-19 crisis was unlike what we’ve experienced before, a massive savings trove, the rapid rate of recovery and the contours of the recovery are making this inflationary experience unique.

Read the full report online: What's up with inflation?


Podcast: A look at the labour market

Eric LascellesIn this episode, RBC Global Asset Management’s Chief Economist, Eric Lascelles, reviews the latest jobs data out of Canada and U.S., noting contrasting trends in wage growth between the two countries. Eric also breaks down the potential economic implications as the Fed moves in a more hawkish direction.

Listen to the podcast online: A look at the labour market


Corporate executors can help avoid burdening loved ones with winding up your estate

http://dsnet.fg.rbc.com/assets/advisornet/images/banners/leanne.jpgBeing an executor is an important role, as Leanne Kaufman, President and CEO, Royal Trust, can attest.

Not only is it a critical role in safeguarding someone’s wealth, it is a lot of work. This can include managing investments, paying off debt, and tedious tasks like cleaning out the fridge. These are just some of the less complex issues that can arise – and more complicated matters, such as trust accounts, could come up that will need to be handled by the executor.

Many people name friends or family members as executors. Leanne Kaufman sat down with The Canadian Press to discuss why clients should consider naming a corporate executor.

Read the article in The Star: Corporate executors can help avoid burdening loved ones with winding up your estate


The Wealthy Barber’s advice to Bryan and Sarah Baeumler on being named an executor of a Will

David Chilton and Bryan and Sarah BaeumlerThe Wealthy Barber with Bryan and Sarah Baeumler discuss why hiring a professional instead of DIY isn’t just for home renos! This video is part of Uncomplicated advice for executors video series created in collaboration between RBC Wealth Management Royal Trust and David Chilton.

Watch the video online: The Wealthy Barber’s advice to Bryan and Sarah Baeumler on being named an executor of a Will


Cold Weather Comfort: Recipes for Canada’s Regional Comfort Foods

Woman enjoying a bowl of soupNow that we’ve seen a few flurries in the air, it’s time to start thinking about some deliciously classic comfort recipes to add to your menu rotation.

Get your recipes online: Cold Weather Comfort: Recipes for Canada's Regional Comfort Foods


Community Corner

Each week, we like to share 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.