Financial Library

A Strong US Economy

2023 has been a strange year. It's been a year with a fairly strong Global Stock Market and a lot of good economic news, but with what seems like half the population feeling like the economy is bad! There's no doubt that high prices are part of this. Those hit people right in the wallet, so costs are likely playing a part in the pessimism out there. As you all know, I like looking at a lot of data and analyzing it. What I'm seeing, is a pretty healthy economy, especially in the world's largest one, the United States.

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Inflation Cooling

We spent almost all of 2022 talking about high costs and rising Interest Rates. Canada's Inflation Rate got as high as 8.1% so that was no easy year to get through. It impacted Bond Prices dramatically and we spent most of last year waiting for a recession that never came. 2023 has been a much better year for Financial Markets. The rate of Inflation has cooled off significantly and came in at 3.4% by May of this year1. That's still higher than the 2.0% that we've been used to for a few decades but it's moving in the right direction.

Life Insurance Simplified

Life insurance, including mortgage or creditor insurance, is a key tool in your financial arsenal. This article will provide a high-level overview to help you better understand your choices when considering life insurance as part of your overall financial strategy.

Life insurance, at its core, protects the standard of living of loved ones left behind after someone passes away. While you pay for it (similar to car insurance), the benefit goes to other people.

Estate Planning Saves You Money

When it comes to your estate, it is important to consider giving some thought to how you want to distribute your assets, household goods and other gifts to your heirs as you contemplate your other matters in life. This, including tax planning, is what lawyers refer to as Estate Planning, which can be a simple or complex matter depending upon your specific situation and the needs of your heirs. So why bother to worry about having Wills, Powers of Attorney and Living Wills or Medical Directives updated to reflect your hopes, wishes and personal values?

A Hot Start to the Summer

We've found ourselves raving about the beautiful, hot weather that we've been getting here in Southern Alberta only to catch ourselves and remember how much damage this heat can do. While we have really enjoyed all of the sunshine here in the Calgary area, we know that clients in other parts of the province have really struggled. The forest fires in the area Northwest of Red Deer have been awful and we feel for anyone who has been impacted by them. We're hoping for rain and wishing the best for those in our province who had to leave their homes.

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