Posted on: April 1, 2020
You may have recently heard of the Bank of Canada lowering interest rates to 0.25%. This is done during economic downturns to help support the economy and potentially lower the financial burden that individual Canadians face. By lowering the interest rate that banks use to lend to each other (the overnight rate), individuals will see an impact on everything from their mortgages and loans, to credit card payments, to the interest received on savings accounts.
Posted on: March 26, 2020
Despite the rise of protectionism we were seeing prior to the coronavirus outbreak, the world's economy still relies on globalization. Undoubtedly, the coronavirus has negatively effected economic output. But, the migratory nature of the virus (moving from China, to Europe, to North America) may actually benefit the world's supply chains. As the virus moves, one country's demand will slow down, as another country's supply will increase. In theory, this should help global supply and demand.
Posted on: March 23, 2020
Unexpected events such as the coronavirus are also known as 'Black Swan Events.' Few people could have predicted that the coronavirus would be the catalyst for the first Bear market in 11 years, but while this volatility in the markets may be hard to stomach, it is important to remember that Black Swan Events have come and gone throughout history.
Posted on: March 19, 2020
Given the recent market volatility due to the coronavirus, we at Oculus Private Wealth wanted to provide you with some insight and tips on how to view investing during uncertain times.
1. Don’t Panic. We’ve been here before…
As unprecedented as much of the coronavirus’ impact has been, it’s important to remember that we have been in similar situations before. At the time, many past viruses resulted in immediate market losses, but on average, after an initial viral outbreak, the market is up 10%, 6 months later.
Posted on: March 19, 2020
There is certainly a lot of numbers floating around regarding the spread of the coronavirus. To help simplify things, the team at informationisbeautiful.net, has gathered statistics from reputable sources such as the China Centre for Disease Control & Prevention, and Johns Hopkins University, and created easy-to-read graphics depicting the data. To view the information and graphs, please click HERE.
Posted on: March 19, 2020
New cases of the coronavirus spreading are decreasing in China. The battle isn't over, but the lower number of cases brings renewed optimism to the country. To read an excellent piece by the Globe and Mail, please click HERE.
Posted on: January 23, 2020
With the deadly coronavirus affecting more people daily and spreading outwards from China, the stock market is currently experiencing some volatility as a result. Any time there is a global viral outbreak, the market tends to react negatively at the beginning due to the potential economic consequences that stem from the horrible affects these viruses have on the global population.
Posted on: January 10, 2020
With the recent turmoil created by the US and Iran crisis, I thought it would be beneficial to touch upon how the market has done historically after a geopolitical crisis.
Posted on: December 6, 2019
Its officially that time of year where bank accounts and credit cards are starting to get quite a workout. And with just a few weeks left before Santa is set to come down the chimney, I thought it would be good to provide you with a few helpful money tips to help you through this gift-giving season.
Please click HERE to find an article by The Balance that has 5 ways to save money on Christmas gifts this year.
Posted on: November 29, 2019
Having a child is a massive life-changing experience. There are so many things to do to get ready, and some of those things involve getting your finances in order before or just after your little one arrives.
Thinking about your finances when you have a baby coming is likely one of the last things you want to do. Luckily, Wealthsimple has created a list of 7 tips you can follow to make sure your finances are sound, and give you more time to focus on your little bundle of joy.
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