As September arrives, we’re thankful for one last chance to unwind and enjoy summer on this labour day long weekend. With the crisp morning air, fall is just around the corner and with it we will see children and grandchildren return to school!  Best wishes to those students starting new schools and programs.

U.S. Presidential Election

With the U.S. presidential election fast approaching, RBC Wealth Management is closely examining its various aspects and the potential investment implications. A whirlwind of unprecedented events has added more complexity than usual to the presidential race. Although the two major candidates present starkly different visions, the separation of powers in the U.S. government makes it unlikely that the next president can drastically change the country’s direction in one fell swoop. Our latest series, No Free Rein: The Realities of U.S. Presidential Power, explores this in depth. While the U.S. president holds significant influence, the formal and informal checks and balances within the government structure still play a crucial role. We see the often tedious American lawmaking process as a positive for financial markets and investment portfolios. We believe that investors should stay focused on sound portfolio management despite the election noise. If you have any questions or concerns, please don’t hesitate to reach out to us.

Financial Health

As many young Canadians prepare to return to school in the coming weeks, the transition to post-secondary education can feel like a significant leap. It’s a time that often marks the beginning of greater financial independence and responsibility. Noah Booth, a teen from Kingston, Ontario, and author of A Rich Future: Essential Financial Concepts for Youth, is embarking on this journey with a focus on the opportunities ahead. Managing finances as a post-secondary student can be tricky. In his article Investing in Yourself, Booth shares three tips for keeping finances in check. At Hayes Vickers Wealth Management, we prioritize financial literacy for your entire family, regardless of age, to help them make informed financial decisions. We believe this is the foundation of financial success. If you’d like further support and resources please contact us.

 

Have a happy and safe long weekend!

Hayes Vickers Private Wealth