Financial Library

Situation in Ukraine

Posted on: March 7, 2022

I am sure that by now everyone has heard about Russia invading Ukraine and has had a chance to digest this news. My Newsletters are always written a couple of weeks before they go out so I expect that there will be a number of developments by the time you get this. Hopefully, the conflict will have eased up by then. My plan had been to send a newsletter celebrating the fact that things with Covid had improved dramatically. Instead of being able to talk about that, almost all of my conversations have revolved around the war in Eastern Europe.

Inflation & Your Financial Strategy

Posted on: March 7, 2022

In a December 2021 poll, 87% of Canadians surveyed reported that the rising price of everyday goods was their top source of anxiety1. The last period that caused this level of financial concern for Canadians was the 1990s2, when inflation reached a high of 5.5%. Today, it sits at about 4.8%, primarily due to transportation and supply chain issues and a sharp rise in energy prices. The associated increase in cost is passed along to Canadian consumers, who are concerned about how to pay for it.

Being Thrifty Can Be Fun

Posted on: February 7, 2022

A year ago, Faye and David decided to get smart around saving money. "We both love the idea of retirement," says Faye. "But we could never seem to close the gap between what we earn and what it costs to run our life to increase our savings." As the couple approached their fifties, they decided to find innovative ways to save. "One of the ways we could do that was to spend less on the things we needed," says David. "We love a challenge, so we decided that we wouldn't make any major purchases for a year without comparison shopping or a money-saving coupon."

Tags: 
investment planning

It won't happen to me. Yeah, right.

Posted on: February 7, 2022

Ross and Janis lived a typical Canadian life. They were married, had two children, Melissa and Kyle, and both worked outside the home.

An avid golfer, Ross also went on fishing trips with friends and helped coach his son's hockey team. Janis played the piano, enjoyed bike rides with her friends, and was treasurer for her daughter's soccer team. They played in a mixed curling league.

Tags: 
insurance planning

2021 Recap, RRSP Contributions and the Upcoming Tax Season

Posted on: February 7, 2022

I didn't have much of a chance to elaborate on last year in my last newsletter which I had to put together quickly so I'm hoping to provide a better recap of 2021 here in February. Obviously, it was another tough year as we still aren't out of this pandemic. Like 2020 though, we did have another good year on the market. While it was another start-stop-start type of situation throughout the year, the Canadian economy continued to open up.

Happy New Year!

Posted on: January 10, 2022

After another tough year, we go into 2022 with more optimism than this time last year. We took some much-needed vacation time over the Holidays and are now back into the swing of things. The first three months of the year are the busiest ones for us so it will be full steam ahead now!

I have started to compile data about how things officially played out in 2021 but will need a bit more time to put that together. We look forward to sharing some numbers with you on next month’s newsletter.

Until then, have a great start to the year!

Bryce A. Borden

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