November 2018 - Interview with the Globe and Mail


It’s hard to believe that maternity leave for Investment Advisors is still newsworthy in 2018, yet this continues to be an issue for many women within our industry. The good news is that progress is being made and companies like RBC are finding new ways to better support women through the process.

Danielle was recently interviewed about her experience on maternity leave by the Globe and Mail. Please read it here.

October 2018 - Monthly Commentary


Given the weakness in equity markets this month, we felt this commentary was timely. The key for us is that the underlying economy is strong (the U.S. released good GDP numbers this week) and the bond market is not signaling big warning signs. Page 4 of the commentary states that the “…lack of fear in bond markets supports our view that patience with U.S. equities is the appropriate response to the recent selloff…”.

Please call us if you wish to discuss further.

September 2018 - Monthly Commentary


Instead of the Global Insight Weekly, this month we have decided to provide a quick summary of the new USMCA (NAFTA 2.0) given its recent announcement. We generally view this agreement as positive for equities as it reduces the uncertainty related to trade tensions between Canada and the US. Please click here to read the article.

August 2018 - Monthly Commentary


With 2nd quarter earnings season wrapping up, this featured Global Insight Weekly discusses the state of US companies and what to expect going forward. The document strikes a positive tone and here are some notable quotes from the first page:

- “…leading indicators signaling continued economic growth…”
- “Business capital spending has gained momentum. It surged at a 10% annual rate…”
- “ Consumer spending holds the key to future expansion, as it represents roughly 70% of total domestic economic activity….Strong job growth, ultralow unemployment, higher wages, and tax cuts are the primary reasons spending should stay elevated…”

Despite the longevity of this market and the headlines around trade, we tend to agree with the paper’s constructive tone.

July 2018 - Monthly Commentary


This issue of the Global Insight Weekly discusses trade problems between US and China. This has had some negative impact on stock prices. The last paragraph on page 3 states “…equities will remain under pressure, although we suspect that much of the damage has already been done…”.

Meanwhile Q2 US corporate earnings have been strong: “…revenue growth expectations have surpassed 9.0% and current EPS growth estimates of 23.3% are well ahead…” (page 4, 2nd paragraph).

Despite the concern around trade, we continue to believe it is prudent to stay invested given the underlying economic strength.

June 2018 - Monthly Commentary


This month the featured commentary provides a Q&A on the increasing trade tensions. The investment markets are paying attention to this now as these tensions have persisted and even escalated. There is likely no quick resolution and we will need to live with this uncertainty for a while, although we take some comfort in the following comment on page 3:

“All sides of the trade disputes have economic incentives to resolve their differences, and we think this will eventually occur”

As always, please reach out if you would like to discuss further.

May 2018 - Monthly Commentary


Two interesting graphs are presented in the June 7th Global Insight Weekly. The graph on page 1 indicates that the US has the flattest yield curve since 2007 (difference between the 10-year and 2-year Treasury Bond yields). We look at this as a way to gauge the state of the economy. Traditionally once the yield curve becomes inverted a recession is likely on the horizon. However, page 3 has a graph showing that there are more job openings in the US than there are people looking for work! This suggests that wage pressures could lead to more inflation, and is a sign of a robust economy.

We continue to watch signposts like this for clues on the future direction of the economy. For now we remain invested.

As always, please let us know if you would like to discuss further.

May 2018 - Brokerage Report Card


RBC Dominion Securities is ranked #1 again by Investment Executive magazine in their annual Brokerage Report Card. This is a survey-based ranking that covers a number of areas including firm ethics, stability and objectivity. Please click here to see the report card on page 4.

April 2018 - Monthly Commentary


We have said that US earnings growth would provide support for the equity market. This was the case in April as equity markets were widely positive and reported earnings were very strong (see graph on page 1). What was particularly impressive was that revenue growth was also strong. At times over the last 10 years revenue growth has been more muted. Last week there were some impressive earnings releases from big technology companies but the market didn't react as favourably as we had expected. We think this is for two reasons:

  1. Some of this earnings growth was priced in already

  2. Interest rates have generally been rising which can limit stock gains as people worry about higher borrowing costs for companies and valuations (see comments on Page 3)

We believe this “tug of war” between rising interest rates and rising earnings will continue throughout 2018. Please click here to see the full report.

As always, please let us know if you would like to discuss further.

March 2018 - Monthly Commentary


Most equity indices around the world were negative in the past couple of months (see graph on page 1). The good news, however, is that US corporate earnings are still expected to grow at a strong double digit rate (see graph on page 3), which should ultimately provide support for equity prices. Please click here to see the full report.

Please contact us should you have any questions or wish to discuss further.

January 7, 2018 - 42 km of Disney


​Anita ran her first marathon and race on January 7th at Walt Disney World. Her motivation, much to the confusion of many, was the 25th anniversary Mickey Mouse medal. ​The experience made her appreciate the mental discipline runners have​, and yes, the medal was worth the pain!

December 2017 - Brent achieves Top Tier Director's Council


As 2017 draws to an end, we are celebrating Brent’s successful qualification for the Top Tier Director’s Council this year. Qualifying advisors are ranked in the top 650 out of over 1700 across Canada. These advisors have a positive regulatory and compliance record and consistently deliver an unmatched experience to clients. This is the 4th year in a row that Brent has been included among RBC’s esteemed council recipients. A big thank you to all of our clients who made this possible!

August 2017 - Anita passed Level III of her CFA exams


After three years of studying, Anita has passed her CFA exams. Conquering all three levels is a rigorous test and takes a significant commitment on the part of the candidates. Congratulations Anita!! For more information on the CFA Institute, please visit: www.cfainstitute.org.

July 18, 2017 - Federal Government Targets Tax Planning Using Private Corporations


Federal Minister of Finance, Bill Morneau, announced the release of a consultation paper and draft legislation to address the following issues:

- Income splitting
- Multiplication of the capital gains exemption
- Holding a passive investment portfolio inside a private corporation
- Converting a private corporation’s regular income into capital gains

For more information on the above topics, please click here to read the full article.

June 13, 2017 - Golf for Good


Danielle participated as a fundraiser, player, and part-organizer in the Golf for Good Tournament on June 13th, 2017. The Golf for Good Tournament was started in 2006 and has raised over $1,500,000 for various community charities. Danielle would like to thank the various sponsors and donors who contributed to her raising over $16,000 this year!! Specifically to RBC Dominion Securities, RBC Private Banking, Mackenzie Investments, RBC Foundation, RBC Global Asset Management, and Fidelity Investments. The beneficiary charities included:

- Association Of Women In Finance
- Atira Women's Resource Society
- Vancouver Japanese Language School
- Covenant House Vancouver
- Big Sisters of BC Lower Mainland

May 19-22, 2017 - Ducks Unlimited Volunteer Convention


We are proud to have been sponsors of the Ducks Unlimited Volunteer Convention in Osoyoos this year.

April 2017 - 1% For the Planet


We are Founding Individual Members of 1% for the Planet! This is a commitment on our part to donate 1% of our annual revenue to environmental charities. For more information on 1% for the Planet, please visit: www.onepercentfortheplanet.org.