Author: Seun Adeyemi

5 Back to School Saving Tips

With the beginning of school right around the corner, it’s the perfect time to start shopping for back to school supplies. Despite a lower loonie, Canadians are planning to spend 4 percent more this year compared to last year, according to Ernst & Young. Thanks to the Universal Child Care Benefit, most parents have more spending money in their pockets (just remember some of that could get clawed back in April when you file your taxes). How do you stretch your back to school dollars further? Here are five back to school saving tips.   Comparison Shop Big box...

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Market Commentary

The stock market works like a Biblical story, but in reverse: First it loses its strength, THEN it takes a haircut. We’ve seen  sign of (relative) strength dissipation for several months. And If you have been reading our commentary on a  monthly basis, you would know that we have been wary of this market for some time. Accordingly, in our Global Macro Fund, we are only 14% in equities, 24% in investment grade bonds, and 60% cash. It’s not that we have a crystal ball and can foresee the events that conspire to bring the market down. It’s just...

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The Ontario Retirement Pension Plan: Ontario’s Solution to the Looming Retirement Crisis

It’s no coincidence that retirement is a hot button election issue. With the aging baby boomer population already starting to enter retirement, pensions are once again at the forefront of the conversation. There’s a looming retirement crisis in Canada: Canadians are living longer than ever, yet workplace pension plans are disappearing at an alarming rate. The Ontario Retirement Pension Plan (or ORPP for short) is meant to address this mismatch.   In Ontario, just like the rest of Canada there are two groups: the pension ‘haves’ and the pension ‘have nots’. The trend is not the friend of those...

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3 Winners and Losers from the Weaker Canadian Dollar

The Canadian dollar has been in news headlines a lot lately for all the wrong reasons. How low can the Canadian dollar go? The loonie is fresh off an 11-year low last week. Weak GDP growth, coupled with the falling price of oil, has had the loonie on a freefall in recent months. While a low Canadian dollar is good for some, it’s bad news for others. Let’s take a look at the pros and cons of a low loonie and how it affects the average Canadian.   Winners 1. Manufacturing and exports Ontario’s economy has been struggling over...

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The Universal Child Care Benefit: How Much Will Parents Actually Pocket?

With the federal election set for the fall on October 19, 2015, the Conservatives wasted no time in depositing money directly into the bank accounts of parents who qualify for the Universal Child Care Benefit (UCCB). 3.8 million families with children 17 years old and under received a large payment last month. The payments were retroactive to January 1, 2015, so parents with two children under age six would have received a lump sum payment worth $1,040.   Before you go out and spent the money, it’s important to understand the facts. Although you have extra money now, you...

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