Cardinal Update – September 2018
Canadian Oil & The Trans Mountain Pipeline – On August 30th, the Federal Court of Appeals (FCA) released a negative ruling pertaining to the Trans Mountain Expansion (TMX). The FCA found two major deficiencies in the report from the National Energy Board (NEB): The NEB did not include project-related tanker traffic in its review and they failed to consult Indigenous peoples and First Nations as set out by the Supreme Court. The FCA has effectively halted all construction and progress on TMX. In order for the project to proceed, there are a number of different options.
Click here to read more: Cardinal Update – September 2018
DM Monthly Report – September 2018
EMERGING MARKETS: worth the bother? Occasionally, we’re asked why the equity portfolios we build for clients don’t include allocations to emerging markets (EM). To put it plainly, we’ve never felt that the potential reward of investing in these regions compensates for accompanying drawbacks. Some of our reservations with respect to EM investing include: Legal framework, Accounting practices, Forex, Cost…..
Click here to read more: DM-Monthly-Report-Sept-18
Optimizing Wealth Through Asset Re-Allocation
If you are an active investor, your investment holdings probably include many different asset classes. For many investors, diversification is a very important part of the wealth accumulation process to help manage risk and reduce volatility. Your investment portfolio might include stocks, bonds, equity funds, real estate and commodities. All these investment assets share a common characteristic – their yield is exposed to tax. From a taxation standpoint, investment assets fall into the following categories:
Tax Adverse
The income from these investments are taxed at the top rates. They include bonds, certificates of deposits, savings accounts, rents etc. Depending on the province, these investments may be taxed at rates of approximately 50% or more. (For example, Alberta 48.0%, BC 49.8%, Manitoba 50.4%, Ontario 53.53%, Nova Scotia 54.0%). Read more 
Cardinal Update – August 2018
STICKING WITH THE TRIED AND TRUE REWARDS INVESTORS OVER THE LONG-RUN – After a correction early in 2018, Canadian and U.S. markets have recovered and moved higher. All is not equal across the indices though. Momentum or growth oriented stocks have been outperforming value stocks. So it is worthwhile to take a closer look at what has been doing well and how it fits with Cardinal’s investment philosophy.
Click here to read more: Cardinal Update – August 2018
