Camilla Sutton, CFA, MBA, ICD.D

Global corporates hold potential for capital appreciation and higher yield, to complement core bonds. Learn more about Mackenzie Global Corporate Fixed Income Fund: https://ow.ly/eKEH30sEcZS

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Join TABE and the CFA Society Toronto for our 2024 Annual Financial Market Outlook Panel (In-Person Event) on Wednesday, June 5th from 11:30AM-1:30PM. Hear what our moderator and TABE Board Member, Eric Lascelles (Chief Economist, RBC GAM), Jim Allworth (Investment Strategist, RBC) and Steve Saldanha (Executive Managing Director, Total Fund Management) speak about market-specific subjects, such as Chinese equities (can they perform more reliably?), U.S. equities (are they transitioning from leader to laggard?), margins (can they continue to rise?), the outlook for private assets, and the impact of de-globalization on markets. Participants will learn about: - Economic insights and recession expectations - Interest rate and inflation forecasts - How might the next cycle and beyond be different than the past - Investment risk and risk premiums - Where do the biggest near to medium-term market opportunities lie? Participants have the chance to engage with the panelists during the session and network with industry peers from TABE and the CFA Society Toronto following the discussions. Lunch will be provided. TABE members can register on the link below at the CFA Society Toronto website. TABE members use the discount code 24TABE to receive the same price as CFA Society Toronto members. Lunch will be provided.

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ADVISORS: Missed our Toronto Investment Forum? Check out full replays of presentations by RBC GAM and BlackRock investment leaders, and access resources to support your client conversations. Learn more (login-required):

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Tune into the latest episode of ETFs in Context, where Helen Hayes (Head of iShares Canada) and Rachel Siu (Head of Canadian Fixed Income Strategy) from BlackRock Investments discuss interest rate cuts, navigating the financial landscape, and opportunities in fixed income. #RBCiShares

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For our last (of 4) strategy pieces on advanced RRSP planning, we look at the “meltdown strategy”. This strategy aims to replace excess RRSP assets with non-registered assets, but is the riskier that the others we have discussed because it uses an investment loan (leverage). The meltdown strategy follows the same principal as the preceding posts – it can be more tax efficient over the long-term to spread out RRSP/RRIF withdrawals over more years. This, of course, depends on both your and your spouse’s retirement date. We talked 2-weeks ago about how a spousal RRSP being key if you think your spouse will retire before you…but I digress. For the meltdown strategy, you would obtain an investment loan to be invested in a non-registered account. You would then pay the interest component of the loan by withdrawing (deregistering) the exact same amount of funds from your RRSP. From a tax perspective, you are accomplishing an offsetting income inclusion (RRSP withdrawal) with an interest expense deduction from the loan – because the cash from the loan is invested in a non-registered taxable account, you can write off the interest. Said another way, you’ve created an offsetting income-expense balance, at least in theory (there are withholding taxes on RRSP withdrawals so sizing is key), which is why you should consult your tax professional before implementing anything like this. It is quite simple to create a tax-efficient non-registered account strategy targeting capital gains. Even heavily discounted bonds will accomplish this quite nicely. This is a complex strategy so you’ll need someone reliable to model this out for you, but it has the potential to help you restructure your savings if you find yourself very RRSP heavy.

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Blog.ValuEngine.com for the full post At a recent meeting, I was asked about stock investment opportunities in Canada. That question inspired this article. Although many Canadian companies are listed only on the Toronto Stock Exchange (or the smaller exchanges in Montreal and Vancouver), there are more than 218 Canadian companies with direct listings on US stock exchanges. ValuEngine has some interesting data to help analyze these Canadian stocks. Two-week free trial with full access: www.ValuEngine.com My first thought was that the list of the largest stocks would be dominated by the stocks of Canadian banks along with energy and mining companies. I was right about the banks but wrong about the mining and energy stocks dominating the top ten by market cap on the list. Moreover, some of the top stocks on the list were up and coming names that I had no idea were Canadian companies. In this post we present data to compare and discuss 21 Canadian stocks and 3 ETFs. Blog.ValuEngine.com for the full post.

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Global corporates hold potential for capital appreciation and higher yield, to complement core bonds. Learn more about Mackenzie Global Corporate Fixed Income Fund: https://ow.ly/gjJu30sEikE

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How will interest rates affect your portfolio? Watch our Quarterly Commentary to learn more. Matthew Evans, CFP®, CIM® and Lorenzo Pederzani, CFA, CFP®, FCSI® Portfolio Managers at Westmount Wealth Management Inc., discuss how equity markets responded positively to the unexpected prospect of fewer rate cuts, with significant returns in Canadian and U.S. markets. Inflation is slowly returning to target levels, though housing inflation remains a concern, especially in Canada, where household debt is notably higher than in the U.S. This financial landscape has led to a revised expectation of fewer and delayed rate cuts.

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Investors may have been surprised to see the recent resurgence of Canadian equities.  There are reasons they were left behind in this market rally from the lows two years ago.  But those same reasons are why they may continue to positively surprise investors into 2025.

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RBC GAM's Stu Kedwell recently spoke to The Globe and Mail about his approach to investing in dividend stocks today, and some of the challenges that come with this strategy. Stu also shared some words of wisdom for new investors. Read the full interview below. For more on RBC Canadian Dividend Fund: https://bit.ly/4ahigg6

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The fall 2024 edition of Your Guide to ETF Investing (now on the Canadian ETF Association (CETFA) website) offers practical information and helpful ideas for advisors and investors keen to stay current about ETFs. Available in English et en français and carrying the cover theme “Empowering the Future,” the fall edition opens with a message from new CETFA Chair Ronald Landry, MBA CPA CGA. It features these articles/updates: > Investing in data centres – A revolutionary technology or a bubble? > ETFs in Canada > Top performing ETFs > ETFs: Where the Money Goes > Debunking ETF Trading Myths > Directory of ETF Providers and Related Professionals It also includes a list of FundGrade A+ Award ETF winners for 2023 (presented in February), among whom are many CETFA members. English Edition: https://lnkd.in/grehDNpT Édition Française: https://lnkd.in/gvnXqx3r The CETFA keeps investment professionals informed about ETF developments, educates investors about ETFs and their benefits, and debunks myths about ETFs. Follow us on LinkedIn and Twitter (@cetfassn) and bookmark/favourite our website to stay abreast of future developments. #etfs #etf #investing #investment #investments #investors #financialadvisers #financialadvisors #financialservices Jonathan McGuire Ronald Landry, MBA CPA CGA Edward (Ted) Kelterborn Kathleen Bock Steven Leong Alan Green, ACMA, CPA Andrew Clee, CFA, MBA Ahmed Farooq, CIMA®, CFP Rohit Mehta John Christofilos Andres Rincon Alex Perel Stephen Hoffman Shalomi Abraham Prerna Mathews David Roode Tracy Chenier Juliana Faircloth, CFA Evan Chen, CFA CAIA Brian Bridger, CFA, FRM Emma Roberts, (She/Her), DES Amanda Lopez

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A new report by Quinn+Partners signals an important shift in the appetite of institutional investors in Canada to increase their allocations to impact investing. Following global trends, the engagement and participation of institutional investors will spur the growth of this rapidly evolving field in Canada, predicted to triple in value to $46 billion by 2030. Prominent Canadian Institutions contributed to the research, which highlights the need to increase the supply, size, and diversification of impact investing opportunities, as well as accelerate capacity building and collaboration. Our team at TwinRiver Capital is excited to work with our partners, the J.W. McConnell Foundation and the Trottier Family Foundation, to make it easier for institutional investors, foundations, and family offices to choose impact as part of their portfolios. Check out the report here: https://lnkd.in/ezvdJdhd #twinrivercapital #impactinvesting #impinvcanada #sustainability #socialfinanceforum

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Cidel is excited by the latest research on the opportunities for impact investing in Canada and what our Partner TwinRiver Capital is leading in this space. A new report by Quinn+Partners  signals an important shift in the appetite of institutional investors in Canada to increase their allocations to impact investing. Please visit this link to learn more https://lnkd.in/enMxw2D6 #twinrivercapital #impactinvesting #impinvcanada #sustainabilityhashtag #socialfinanceforum

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ESG Senti-Meter, Decimal Point Analytics' AI-ML based ESG News analytics solution, applied to TSX 40, a leading index of Canadian companies. The Canadian stock market is dominated by old economy businesses like energy, material and industrials. The Senti-Meter currently has these companies at both ends of the range - at the top and the bottom. The companies at the top are taking credible steps for addressing their climate footprint, some have award winning social programs. The companies at the bottom are facing certain specific legal and compliance issues, pulling down their governance assessment. For investors serious about integrating ESG, the Senti-Meter by Decimal Point can be a useful product to look at. Its unique features like a proprietary framework and near real time information enables it to give a superior and more insightful output.

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Whether building out a ladder from scratch, or filling a specific maturity bucket, RBC Target Maturity Bond ETF's can add scale and efficiency to your practice. While our Canadian tickers have been around since 2012, we are excited to share RBC iShares' NEW RBC Target Maturity U.S. Corporate Bond ETFs. These tickers invest in a basket of high-quality U.S. corporate bonds, with maturities ranging from 2025 to 2030. Explore the expanded lineup of RBC Target Maturity Bond ETFs:

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Long-term fundamentals remain very attractive for Cameco - Denis Taillefer, CFA, Senior Portfolio Manager at Caldwell Investment Management, discussed with Amber Kanwar on BNN Bloomberg's Trading Day the latest on the markets and specifically Cameco. Denis talked about how Cameco may have had a stumble at the start of the year, but the long-term fundamentals remain very attractive. There is an interest in nuclear solutions which could be a tailwind for Cameco. Watch Denis’s appearance here: https://lnkd.in/gjZupxQQ #Cameco #MarketOutlook #StockMarket #Markets #Canada #Canadian #Value #Momentum 

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