"Today’s 2021 budget was the first federal budget we’ve had in over two years," says Jamie Golombek, CIBC’s Managing Director, Tax and Estate Planning. Many items that had worried Canadians such as an increase in the capital gains inclusion rate, a tax on principal residences and a wealth tax were all absent, he adds.
The long-awaited document has "something for everyone"
Financial fallout has affected women most
Plan for a gradual increase in interest rates, chief economist says.
Listen to the full podcast #1, on AdvisorToGo, powered by CIBC. Listen to the full podcast #2, on AdvisorToGo, powered by CIBC.
Q1 contraction will give way to investing opportunities.
Demand is set to drop during Covid-19’s second wave.
An uneven recovery weighs on certain sectors.
Avery Shenfeld discusses the Fed’s new interest rate policy, which aims to average inflation at 2%. He cautions this could cause investors to switch from bonds to other assets, and that the housing market may soon slow down.
Low yields require investors to adjust their portfolios and expectations.