Family First

Money Mindset – Why do we make the financial decisions we do? How can we positively change our mindset and money habits? How can we turn the psychology of money to our advantage?

• – How Upbringing Can Shape Our Relationship with Money – When it comes to personal finances, it’s common to think about where we need to go moving forward, but it’s equally important to consider where we come from.
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• –  The Personal Side of Personal Finance – Finances can trigger emotions, and those feelings can guide decision-making without us even being aware. The more we understand our own emotional landscape, the better prepared we are to make financial decisions
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• –  Developing a Positive Mindset About Money – We nurture many relationships throughout our lives: family, friends, coworkers. Nurturing and understanding our relationship with money can be just as important.
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• –  How Does Gender Play a Role in Money Attitudes and Behaviours – There’s a measurable link between gender and a person’s attitudes about money. When we examine the messages we’ve received about money, we can begin to understand how they contribute to a gendered view of finances.
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• – Money and Happiness — Unravelling a Complex Relationship – Personal happiness is not about having more money. It’s about understanding how it can be used to drive a greater sense of personal well-being.

Market Moment

• – Soft landing more likely than recession. RBC Global Asset Management’s quarterly Global Investment Outlook is now available, including an economic article entitled “Spotlight on a soft landing” starting at page 15. Inspiring this pivot, economic data has remained resilient – exceeding expectations, and a number of historically compelling recession signals have begun to reverse.
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• – Central banks are off to the races. If there’s one key takeaway from the slate of recent central bank meetings: policymakers remain keen to get started on the path of dialing back restrictive policy rates in the hopes of sustaining economic expansions. While inflationary data across the globe has been mixed to start 2024, there’s been significant progress since the worst of the inflationary wave peaked 18 months’ ago.
• – Canada's GDP rebounds in January. Canada’s GDP exceeded expectations by rebounding strongly in January. February’s preliminary estimates also point to another expansion, tempering pressure on the Bank of Canada for an early rate cut.
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• – S&P500 price target raised. RBC Capital Market’s Head of U.S. Equity Strategy, Lori Calvasina, raised her target on the S&P500. For a short audio update from Lori you can go to RBC’s Markets in Motion podcast.

Team Touch

As a reminder, RBC has officially moved all work-related messaging to RBC approved business cell phones. Please update your contacts to reflect our new mobile numbers effective April 10, 2024:

• –  Warwick Holland: 604-653-0391
• –  Lisa Holland: 236-808-5384

OUT OF OFFICE – Warwick and Lisa will be out of the office tomorrow. They will also be away from April 15 – 22. They’ll be attending RBC DS’ Executive Council conference in the Dominican Republic. The rest of the team will be in the office to help you with whatever you may need during this time.

Chart Corner

Your Thoughts?

Your suggestions for future topics are encouraged and welcome!

With appreciation,