Blog Posts
Inflation ticks higher in Canada
Rising mortgage and transportation costs are driving Canada’s inflation rate higher. Inflation reached 4.4% in April, missing the 4.1% figure economists expected. Meanwhile, the U.S. Federal Reserve Board (Fed) raised the target range of its federal funds rate by 25 basis points, from 5.00 to 5.25%. After 10 consecutive increases, the Fed has suggested it may soon consider a pause.
An impasse over the U.S. debt ceiling weighed heavily on financial markets over the month, as U.S. lawmakers struggled to come to an agreement. The months-long stalemate highlighted the risks that a default could push the economy into a recession.
Read the full market commentary on canadalifeinvest.ca, including the following topics:
*Canadian inflation accelerates
*The Fed considers a pause
*The U.S. debt ceiling disagreement weighed on sentiment
*Global manufacturing activity weakens
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The federal government released the 2023 Federal Budget on March 28. Our experts have reviewed the newly released proposals to provide you with insightful analysis and commentary on the changes that could affect you, your clients or your business.
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The excitement of retirement, that next phase of our adult lives, we can do whatever, whenever we want – but will we be happy? Interesting study done that tracked participants through to retirement – something to think about as you plan
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Banks and financial advisers have done such a thorough job of marketing registered retirement savings plans (RRSPs) that they have completely pulled the wool over the eyes of investors, and even the advisers themselves may not fully understand the nuances.
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How much will you need to retire? The number is growing, Canadians say in survey - there are ways to get yourself back on track.
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Binnacle Financial is excited to welcome Dustin Nutting to our team!
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Bank of Canada is committed on bringing down inflation – what does that look like for 2023?
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Forget the inheritance. Why cash gifts in early adulthood are a smart financial move – for parents and kids
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Gen Xers are in a particularly vulnerable position when it comes to finances and retirement planning with better health and living longer so they need more retirement savings than their predecessors, when is best time to speak to a financial advisor?
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How have you positioned your legacy, family conversations and sharing are an important part of financial planning – what will you leave the next generation?
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