Latest Blogs from Ciccone/McKay Private Wealth
Latest market update and commentaries
Market Update & Commentary - Q1 2023
April 24, 2023Q1 Market Review: Even with setbacks, the economy showed some signs of recovery. As 2023 dawned, many of us working in finance hoped the market volatility of the past two years would begin to ease. In January things looked hopeful. Equities were off to the races; the S&P 500 closed January up nearly 7%. As we entered February, the world’s central bankers signalled that the worst of the interest-rate hiking cycle was over. Markets took the view that an interest-rate cut might be forthcoming.
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Market Update & Commentary - Summer 2022
August 4, 2022This quarter was painful for essentially all investors. Risk assets across most asset classes and geographies erased significant value for investment portfolios. Simply put, inflation did not cool down. As such, investors are estimating that it will take more pain inflicted by way of higher interest rates from central banks to get prices under control. With borrowing costs rapidly increasing and high food and fuel inflation biting into consumers’ wallets, investors became increasingly cautious that we might be heading into...
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Updated view of our asset mix
Global Investment Positioning - Spring 2022
June 1, 2022Here's an updated view of our asset mix committee's positioning across various asset classes given recent market conditions.
Louisbourg’s Asset Mix Committee is comprised of the firm’s senior investment professionals who collectively manage the firm’s major strategies. This group convenes regularly to establish a near-term tactical asset allocation policy.
Download the most recent commentary from our advisory team to learn more.
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Canadian Strategy Highlight - Colliers International Group Inc (CIGI)
Mar 17, 2022Here's a great example of companies we love to invest in.
In this video, Mathieu Roy, portfolio manager for our Canadian equity mandates explores one of our core holdings in our Canadian equity strategies and how this company aligns with our investment approach to provide long term value for investors.
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2022 Federal Budget Highlights
Federal Budget Summary
April 11, 2022Curious that tax changes are in store in the 2022 Federal Budget? Here's our advisory team's latest commentary with the answers.
On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons.
No changes were made to personal or corporate tax rates, nor to the inclusion rate on taxable capital gains. Some highlights include:
Download the most recent commentary from our advisory team to learn more.
Read MoreThe market continues to hit new all-time highs
Market Commentary - Q1 2021
JUNE 2, 2021 |Download Market Commentary Q1 2021
Members of the Louisbourg investment team recap investment markets and some of our investment strategies in the first quarter of 2021.
Equity markets performance summary
In the first quarter, equities offered a positive follow through to the surprising positive year that was 2020. Although the environment remained positive, there were some shifting tides. A significant part of this shift was caused by fixed income markets, which experienced a rather quick ascent in mid to long term interest rates. Investors witnessed an improving economic picture and began anticipating some fiscal help from governments around the world.
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A Closer Look at The Bank Business Model
Are Bank Dividends Safe? A Closer Look at The Bank Business Model
Aug 18, 2020There is always an element of unknown for investors when analyzing a company and debt typically acts as a multiplier for that uncertainty. Banks are no exception.
This is because a bank’s business model is predicated on debt. Fundamentally, traditional banking is a process of getting a loan for “x” per cent and then turning around to lend that money to someone else for “x + y” per cent, making “y” as income. Loans can take the form of deposits (where, instead of interest payments, the bank offers safety and accessibility), debt securities issued to the investors, and anything in between.
However, banks do have to put their own skin in the game. Since the Great Financial Crisis, banks have had to comply with required equity minimums so they can absorb losses. The most systemically important banks are ...
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