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Consumer Insights with Gary Suen of Blueshore Financial
Gary Suen from Blueshore Financial, discussed essential financial goals for individuals and families entering the new year. Gary shared practical tips for sticking to a budget during uncertain economic times, explored tax-saving strategies to consider as the year begins, and offered advice on navigating financial planning in 2025 amidst inflation...
Economic opportunities for a post-Trudeau Canada
Despite the Department of Finance announcing on Tuesday that the Canada Revenue Agency will proceed with administering the proposed capital gains tax changes as planned, Graham Priest, an investment advisor and portfolio manager at BlueShore Financial in North Vancouver, B.C., believes the amendments are unlikely to pass. Priest noted that...
Will Canada Enter a Recession?
One of the biggest dangers for the inflation outlook is US President-elect Donald Trump’s threat to impose 25% across-the-board tariffs on Canadian goods. These are “significant downside risks, suggesting to us that recession in 2025 is a very real possibility,” warns Nick Rees, senior market analyst at Monex Canada. “If...
As Canada homebuying heats up, is a busier-than-usual winter in store?
Last week’s central bank cut undoubtedly marked good news for homebuyers across Canada, BlueShore Financial advisor Nico Wong told Canadian Mortgage Professional, in boosting their borrowing power and expanding their budgets. That reduction will improve the mortgage outlook for scores of hopeful buyers – and it will also have an...
Debt payments finally done? Here’s how to use the extra cash to build for your future
Graham Priest, an investment adviser with BlueShore Financial, said money that’s going to be set aside for short-term goals could also be put into a fixed-income investment that guarantees a return. “You don’t want to have money just sitting, doing nothing in a chequing account,” Priest said. “When you’re looking...
What’s Next for Bank of Canada Rate Cuts? Ask Trump
Monetary easing typically works with a lag. Thus, a faster-than-intended moderation in inflation could push Canada toward a recession. “Canada is not yet on the brink of recession, and government stimulus [in the form of rebate checks and tax holidays] should ensure a false dawn for growth before the year-end,”...
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