October has certainly lived up to its reputation for increased volatility this year. Although patience is required as the market works through its challenges, we are committed to continuing to own quality portfolio holdings focused on dividend income and long term growth.
In this month’s blog, we have included the several articles you may find of interest including a macro memo and webcast from our Chief Economist, Eric Lascelles titled “Market Jitters return”.
Monthly Economic Outlook Webcast
Market jitters return - November 2018
Eric Lascelles, Chief Economist, RBC Global Asset Management, shares the latest views on the global economy and offers insight into today’s economic issues.
The webcast includes an audio and slide presentation.
Pressure System:
The maelstrom that ripped through markets was fed by investors wrestling with increasing angst. We explore the risks that reached critical mass, and how to bolster portfolios in the current environment. Turbulence that shook equity markets in October led to the steepest global monthly downturn in more than six years. Investor complacency, so prevalent during the summer gave way to timidity, and at times anxiety, as a number of risks reached critical mass.
CLICK HERE to read more
Produced by RBC Global Asset Management's Chief Economist, Eric Lascelles
October 29-November 2, 2018
In this week's MacroMemo, we will discuss the U.S. business cycle, the impact of climate change and cannabis in Canada.
Fall 2018: Living to 100
What if you lived to 100? This question is becoming increasingly relevant as Canadians live longer and longer lives, with the probability rising that many of us will reach the centenarian plateau. The possibility is forcing many Canadians to rethink everything from their investment plans - so they don’t outlive their investments - to their lifestyle plans, as they consider what they can do to live meaningful and fulfilling lives in retirement.
CLICK HERE to learn more
Perspectives - Business Owner Special Edition
In this special edition of Perspectives, we focus on relevant topics and information to help business owners throughout their entire life cycle of a business, from start-up and growth all the way to developing an exit strategy and succession, recognizing that strategic planning at every phase can go a long way in helping to achieve business goals, adapt to change and build towards sustainable success.
CLICK HERE to learn more
Special Midterm Election Issue
The blue wave of 2018 is looking a tad more magenta this morning. The Democrats regained control of the House of Representatives, sweeping suburbs across the U.S. with a diverse slate of candidates who may yet change the face, and math, of American politics. Female candidates accounted for more than half the Democrats’s gains, as the party made inroads in formerly Republicans suburbs from Virginia to Texas to Utah. But while the House went blue in a big way, the Senate turned even more red, as the Republicans ousted three Midwestern Democrats who had voted against Brett Kavanaugh’s nomination to the Supreme Court. The GOP also won key governor races in Florida, Ohio and Arizona, states President Donald Trump will need for re-election in 2020. (For more on some of the key races, see below.) The divided Congress will present Trump with his greatest challenge yet as a deal maker. The lower body will have the power to launch investigations, subpoena files and even vote on impeachment. Under the expected leadership of one-time Speaker Nancy Pelosi, House Democrats are also likely to push a more liberal agenda, with healthcare and immigration as their top priorities. But given Republican strength in the Senate, it’s unlikely the new Congress can drive radical reform. Those new Senate Republicans are also likely to easily approve Trump’s nominations, particularly for the Supreme Court. But will they stick to the politics of the past two years, especially on divisive issues like immigration that seem to turn away suburban women? At the same time, can Democrats find a way to appeal to the voters of Ohio and Florida, those big swing states where they continue to struggle? And will either party avoid the temptation of blocking each other at every turn? While both will spend today claiming victory, they must know they each lack a clear path to 2020—or at least one that doesn't lead them back to Washington gridlock.
—John Stackhouse
In Our Community:
As a team, we decided to volunteer our time in support of the Breakfast Club of Canada by serving hot breakfast bi-weekly to the children at Quigley Elementary School in Kelowna. It has been incredibly rewarding and a true privilege to meet such a wonderful group of kids. Rhonda will be flying to Montreal in February to join Carey & Angela Price & the Breakfast Club of Canada for their Air Canada Foundation and Breakfast Club event which sponsors kids from the Okanagan to meet Carey Price and attend a hockey game.
To view the video, please click on the link below.
Please enjoy the photos below.
