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    Bank of Canada: No change to interest rates at this time

    As expected, the Bank of Canada today left the overnight interest rate target unchanged at 1.25%. The resulting change in the value of our dollar was insignificant, although Canadian bond yields did decline. The Bank continues to monitor the sensitivity of our economy to higher rates. Higher bond yields and stiffer mortgage conditions in Canada have cooled the housing market, and reduced credit growth. The Canadian consumer’s ability to spend ...

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    No More Income Sprinkling? Other Ways to Split Income

    To paraphrase Benjamin Franklin, nothing in this world is certain except death and taxes. Although paying taxes is a certainty, that doesn’t mean the rules around them are fixed. We saw that clearly last summer, when the federal government announced proposed changes to tax rules for private corporations. The key to dealing with tax changes is to stay on top of them and, based on your situation, adjust your tax strategies to optimize your ...

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    Sector Scan: Innovation a key driver of health care success

    The other day, a friend of mine had an unfortunate accident, slipping on the ice going to work and we had to take her to the emergency room. As we waited for treatment, I couldn’t help but notice all the various forms of equipment and the many company logos I recognized from positions held in our portfolios. I realized how much things have changed over the years, with the abundance of new and innovative medical technologies, much of which is ...

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    Sub-Advisor Spotlight: Like Scuba Diving, Investing Starts with Knowing the Risks

    MD’s global sub-advisors are hired for their investment philosophy, asset management expertise, investment research, innovation and, above all, their great people. In this series, you’ll meet a few of the faces behind our funds, pools and portfolios. Jerry Seinfeld joked about scuba diving during one of his early appearances on “The Tonight Show,” asking how anyone could enjoy an activity where the main goal is “to not die”. And judging by ...

    Posted February 15, 2018  |  By MD
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    Medical Residents: 10 Painless Tips for Filing Your Income Tax Return

    There are people out there who love income tax season. They like crunching the numbers and determining if they get a tax refund. For medical residents, surely it’s one of the last things on your mind right now. But income tax returns must be done, and the deadline is April 30, 2018. So gather your tax slips and documents as you receive them and be ready to go.  1. Use certified tax software The Canada Revenue Agency publishes a list of ...

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    It’s About Achieving Your Financial Goals

    Like most creatures on the planet, we are wired to over-react to potential dangers. Like when one of my kids encounters a medical condition and I Google the symptoms, revealing a myriad of possible and mostly terrifying causes. Naturally, I immediately fixate on the worst possible, but least probable diagnosis. Of course, to my relief, after proper diagnosis by our family physician, it’s just something common and easily treatable. It’s no ...

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    Blockchain: The Real Investment Opportunity Behind Cryptocurrencies

    Last weekend, hackers stole US$530 million dollars worth of NEM coins from a cryptocurrency exchange in Japan. NEM isn’t as well known as Bitcoin, but it has plenty of backers, and the theft affected more than a quarter of a million cryptocurrency investors. Although this was the largest cryptocurrency theft to date, it wasn’t the first, and it’s unlikely to be the last. Hackers stole roughly US$400 million in Bitcoin from another Japanese ...

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    U.S. Federal Reserve Holds Rates Steady

    On January 31, the Federal Open Market Committee (FOMC) announced its unanimous vote to leave the target range for the federal funds rate unchanged at 1.25% – 1.50%. The decision was so widely expected, it represented a non-event for markets. The economy and labour market are strong The FOMC announcement noted that “the labour market has continued to strengthen and economic activity has been rising at a solid rate.” But with the recent rate ...

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    Sector Scan: A Tale of Two Energy Markets

    Here in Ottawa, we rang in 2018 with a deep freeze as temperatures dipped to minus 20 degrees Celsius, and on some days below minus 30 degrees with the wind-chill factor. I have to confess that I’m not a big fan of the cold and wish the winters in our beautiful country were a bit warmer, but as a Canadian, the cold is in my blood. Most days during the deep freeze, just the thought of wrestling my car to start made me cringe. It’s during these ...

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    Interest Rates Are on the Rise. Here’s Why.

    As expected, the Bank of Canada (BoC) raised its overnight interest rate on Wednesday, January 17, from 1% to 1.25%. In the official announcement and the monetary policy report released on the same day, the Bank cited more robust economic growth here in Canada and abroad as important factors in the decision. The economy is living up to its potential From 2008 until mid- last year, Canadian economic growth had been sluggish according to the ...