“When you invest, you are buying a day that you don’t have to work” – Aya Laraya CSA Publishes New Mutual Fund Industry Proposals Canadian Securities Administrators (CSA) published a consultation paper of interest to investors of mutual funds. The paper contained three main proposals, all aimed at enhanced client protection. You can read our… Read More
The Smof Investment Blog
“Never let facts get in the way of a good story” – Mark Twain Weekly Market Wrap-Up On Friday, US President Trump announced a 25 per cent tariff on strategically important Chinese imports, worth around $50 Billion, along with the threat of further tariffs should Beijing impose their own tariffs in kind. Chinese President Xi… Read More
“Life is a long lesson in humility” – James M. Barrie Beware: “CRA” Phone Scams Continue We would like to, once again, remind you that scammers are still at it. The ruse is simple, yet effective: you receive a phone call from a person who claims to be from the CRA or representing the CRA;… Read More
“As history has repeatedly proven, one trade tariff begets another, then another – until you’ve got a full-blown trade war. No one ever wins, and consumers always get screwed” – Mark McKinnon Canada, U.S. Impose Tariffs On One Another Thursday saw volleys of trade tariffs imposed. Citing “national security”, United States Commerce Secretary Wilbur Ross… Read More
“If it seems too good to be true, it probably is” – Unknown British Columbia Securities Commission Cautions Investors of Cryptocurrency Scams The British Columbia Securities Commission (BCSC) has issued a warning to BC residents on the risks of investing in cryptocurrencies, joining their Ontario counterparts (OSC) and the Bank of Canada in warning investors…. Read More
“Nobody likes high interest rates” – Chanda Kochhar Bank of Canada Raises Five-Year Fixed Mortgage Rate The Bank of Canada raised its conventional five-year fixed mortgage rate on Wednesday, from 5.14% up to 5.34%. As we all now know, the BoC’s five-year fixed rate is a crucial piece of information for prospective home buyers in… Read More