JULY 2017
T+2 settlement
In conjunction with the U.S. Markets, on September 5, 2017, the financial industry will shorten the settlement cycle process from three business days after the trade date (“T+3”) to two business days after the trade date (“T+2”) for most products, aligning North American markets with global markets which currently settle on T+2. Once the industry completes this move, certain processes related to your trading activity will change, namely that you will receive payment faster following a sale of a security and you will be required to provide funds more promptly following the purchase of a security. Please contact us if you have any questions. The consumer
Unemployment is low, wages are rising, and confidence is high, despite ‘perfect storm’ conditions, retail sales remain somewhat subdued. In this Ethos instalment we examine the health of the U.S. consumer, and look into which industries are benefiting from spending. Consumer credit is still growing, but we’re starting to see some cracks. The days of big ticket purchases may be behind us, with the focus now more on experience.
Read full article Assessing your financial sensitivity to changes in interest rates
Richardson GMP Limited is a Wealth Management company. Naturally, we help our clients manage their wealth. However, we also believe we have a responsibility to help them understand their wealth. The following report was created as part of our ongoing effort to educate our clients and their families about the world of finance, including the benefits and challenges that come with it.
Read full article Are significant tax changes coming for private companies and their shareholders?
As you may be aware, the Trudeau Liberals campaigned with a promise to “cancel income splitting and other tax breaks and benefits for the wealthy.” The Government reaffirmed its commitment to this policy in the most recent Federal Budget, released March 22, 2017, stating it was reviewing certain tax planning strategies using private corporations.
Read full article Trump unable to deliver stimulus thus far
Halfway through the year, U.S. President Donald Trump still has not been able to deliver the steep tax cuts and a massive economic stimulus program he had promised during his campaign. U.S. equity markets have shrugged off the delay, but how long will markets remain patient?
Read full article Investing in an aging bull market
It has been eight years since the bottom of the last major bear market and economic recession. This marks the second longest bull market in Wall Street history, as well as the third longest economic expansion over that timeframe. While this is an interesting statistic, it has very little practical value in telling us when the cycle will turn again. As the old stock market saying goes, bull markets do not die of old age. With old age, though, we typically find excesses in the market, increasing the need to focus on risk management.
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