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Frost Wealth Management Charitable Giving Fund

 

Every December, in lieu of Christmas cards, the Frost Wealth Management team invites clients to take advantage of our Charitable Giving Fund. 

To date, our clients have donated $20,908 to their favourite charity-- and we have matched it. The information is on our website under "Beliefs & Values>Charitable Giving" 365 days of the year. In truth, we would love to give even more, so I decided to make this the focus of my December blog post. 

 

We all have causes that are near and dear to us. What’s important to you, is important to us. Many of you already give at the holidays (and throughout the year). Why not let us add to that generosity?
 

When you donate to your favourite organization, we will match up to $50 per client.
It’s easy to do:

  1. Print and complete the attached Contribution Form below
  2. Return it to us by December 13th (email, regular post or even call it in)
  3. Enclose the cheque made payable to the charity of your choice, or a copy of your donation receipt
  4. We will match your donation (up to $50 per client) and submit everything to your charity in time for this year’s tax receipt.

$41,815

That's how much we have given over the years.

 

For 2019, we would love our Charitable Giving total to hit

$50,000

 

Let's do this! 

Charitable Giving Form

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Learnings from the iAS Advisor Summit September 2019

Recently, I attended the iA Securities Advisor Summit in Quebec City.

While there were many fascinating topics and speakers, I would like to share highlights from Clement Gignac's presentation. Clement is Senior Vice-President and Chief Economist at our parent company iA Financial Group.

Summarized from Clement Gignac’s presentation on September 23, 2019 at the iAS Advisor Summit:

 

  • We are currently experiencing the longest bull market in history, but bull markets do not die of old age
  • The service sector is resilient however, the manufacturing sector is slowing down
  • ISM Manufacturing Index is at 50, signalling a slowdown, which is confirmed by a CEO survey indicating that 60-70% expect a slowdown
  • GDP expected to end at 2.9%, down from 3.6% in 2018
  • Policy mistakes or external market shocks could jeopardize business cycle
  • Financial markets are very sensitive to trade settlements developing in USA
  • Global trade contraction outside of recession is a first, due to the rise in protectionism
  • Analysts are not calling a recession yet, however, if USA imposes additional tariffs in December, this will have a significant impact
  • Historically, a US president has never been re-elected in a recession. The emphasis will be on President Trump to get changes enacted before additional tariffs are enacted in mid-December
  • The labour market is posting its best results in 16 years
  • Canada has the highest immigration growth of the OECD countries and the highest level of education with 65% of immigrants aged 25-45 having post-secondary education
  • Fair value of the Canadian dollar is closer to 80 cents
  • Bond yields are very low. Global bond yields have hit a record low. There are now 14 trillion bonds in the world with negative interest rates—this means that citizens are financing government funds to borrow from them

International perspectives—bottom line

 

Risk factors:

 

  • The trade relationship between China and the US remains tense and brings significant uncertainty to global supply chains
  • The weakness of manufacturing activity could lead to larger global economic downturn, especially in Europe with Germany
  • Geopolitical risks remain high (tensions in the middle east)
  • Political uncertainty around Brexit

Positive elements:

  • The US consumer remains confident and has an adequate level of savings
  • China is using its fiscal policy in a recession scenario
  • Germany is open to using its fiscal policy in a recession scenario
  • Many central banks are now pointing to further monetary easing

 

 

This information has been prepared by Greg Frost who is an Investment Advisor for HollisWealth®. Opinions expressed in this article are those of the Investment Advisor only and do not necessarily reflect those of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

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