Edward Jones - Financial Advisor: Perry Hart

Some weeks are more consequential than others in shaping the market narrative, and last week was one of them. The Federal Reserve delivered on what markets have been hoping for and anxiously anticipating over the past two years. Interest rates were cut by a larger-than-typical 0.5%, signaling a critical turning point in the monetary policy cycle. We offer five key takes on what last week's announcement means for the economy and markets.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Investors focused in on inflation data last week, with markets continuing to filter the balance of consumer price trends and economic readings through the lens of what it means for Fed interest rate moves ahead. Recent developments have produced flashes of market volatility lately, but this isn't necessarily the full image. In our latest Weekly Market Wrap, we zoom in on key items that were in the frame last week, and then zoom out for a better view of the bigger picture for the markets.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

After the soft jobs report, markets continued their risk-off positioning that began in the seasonally volatile month of September. In our view, the slowing labour market certainly adds risk to the economic outlook, but the figures thus far don't point to an imminent recession.

In this backdrop, we recommend leaning into market weakness and consider re-balancing portfolios, diversifying, or adding quality investments at better prices, especially as we believe economic growth could reaccelerate in the 12 to 18 months ahead.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

The higher earning spouse in a couple may change, and changes in jobs over time may lead to changes in pension plans. Income splitting is not a ‘set it and forget it strategy’ and should be reviewed as changes to income and pension plans occur. Let's review your income splitting strategy together.

How income splitting can lower your taxes Income splitting is a strategy to level out income earned by spouses to reduce tax bills.

Following the launch of the First Home Savings Account (FHSA) last year, many Canadians who opened one are now beginning to accumulate contribution room. We've put together some considerations to help you get the most out of the FHSA. Contact me if you have any questions or would like to open an FHSA.

First Home Savings Account considerations How you use an FHSA this year could be based on what you did last year. Here are some considerations

The market action in August was like a blockbuster summer action movie – packed with suspense and unexpected twists, keeping investors on the edge of their seats, but ultimately wrapping up with a satisfying, upbeat finale.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

The First Home Savings Account (FHSA) was created to help Canadians save for the purchase of a home. Contact me to learn more about how an FHSA can help you achieve your homeowner dreams.

First Home Savings Account considerations How you use an FHSA this year could be based on what you did last year. Here are some considerations

Different investments generate different returns, such as interest, dividends, and capital gains, which aren’t taxed the same. GICs tend to be seen as low-risk as your original investment and returns are guaranteed but aren’t very tax-efficient as the interest received is fully taxable as income.

Your GIC maturity date is approaching. What next? See the five key factors to consider when your GIC matures.

RRSPs are a cornerstone of many financial plans to help us save for retirement. While there’s no doubt RRSPs remain an excellent way to save, they are not the only tool in the box. In some instances, other accounts, like TFSAs and non-registered accounts can possibly be more effective. Contact me if you’d like to review your retirement savings options together.

Is an RRSP always the best choice for retirement? While RRSPs remain an excellent way to save for retirement, in some situations, other types of accounts can possibly be more effective.

On September 15th, Edward Jones home office associates and branch teams across Canada will be participating in the Terry Fox Run. Together, as Team Edward Jones, we can help support Terry's dream of a world without cancer.

If you or your family would like to join us for the run and support this cause, you can learn more here.



Contributing to a cause and participating in or volunteering for a charitable event is a personal decision and completely voluntary

run.terryfox.ca

Our recent study reveals those who work with a financial advisor, 55% have a positive outlook on investing, compared to just 38% who do not. Even among Canadians with a negative outlook on investing, those working with a financial advisor are more optimistic about their financial situation (41%) than those who don’t (25%).

Further study results are summarized here.

Survey: Optimistic about your finances? It may depend on where in Canada you live Edward Jones poll finds Canadians’ views split on current economic climate.

Markets spent the week largely treading water, and while there were no major surprises, we do think the Federal Reserve's freshest commentary provided some takeaways that will be important for markets ahead. In our latest Weekly Market Wrap, we share three key takeaways for investors from the Fed's much-anticipated Jackson Hole event.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

There are many factors to consider when deciding when to start receiving Old Age Security (OAS). These include your tax rate, total income, the income needed to fund your desired retirement lifestyle and your health. I can work with you to determine the optimal start date for you. If this is of interest, please call my office and book an appointment.

Top 10 questions we are asked about: Old Age Security (OAS) You asked – we answered! Here are the top 10 questions about Old Age Security (OAS)

Today was a big day, even though I didn't know it at first. Canadian Blood Services recognized my 75th blood donation, and the one who helped to take it, mentioned that I likely saved over 120 lives by doing this. Wow! 😲 I had no idea.
20 minutes of my time, lives saved, and even free snacks and drinks after?!?! It is a no-brainer to give IMO.
The need is also great now, so if you want to feel a bit like a 'life-saving' superhero...head to your nearest blood donation clinic.

Blood...it's in YOU to give! 🩸🦸‍♂️

At Edward Jones, we believe in the power of financial knowledge. That's why we launched our Financial Fitness program – which helps increase the financial acumen and confidence of high school students.

We recently introduced the program to students at Pine Tree Secondary School in British Columbia, who participated in a fun and interactive session with our financial advisors to learn more about smart money management and saving for big goals. Click here to learn more and register your school. Open to schools in BC, AB, SK, MB and ON.

Financial Fitness (CA|EN) The Financial Fitness program is designed to boost financial literacy and give high school students the tools to build financial knowledge. www.edwardjones.ca/ca-en

Reacting emotionally to day-to-day market fluctuations can obscure your judgment. Try to stay focused and disciplined. Remember, a short-term decline or the latest doom and gloom media headline doesn’t change your personal financial goals. While market volatility is unpleasant, it is a normal part of investing. Contact me if you’d like to review your financial goals and portfolio.

3 emotional investing mistakes and how to avoid them Don't let emotions get in the way of your strategy.

Investors are often spooked and tempted to sell when there’s bad news. If this sounds like you, first ask yourself: do these ever-changing headlines really affect my long-term goals? You’re better off staying focused on your personal financial strategy than guessing when to successfully exit and then re-enter the market. Contact me so we can review your financial goals together.

3 emotional investing mistakes and how to avoid them Don't let emotions get in the way of your strategy.

A short-term market decline doesn’t change your long-term goals. I can guide you on your progress toward your goals and help you avoid making emotional investment decisions. We've highlighted three top mistakes we’ve seen investors make when they react emotionally to volatility. View them here.

3 emotional investing mistakes and how to avoid them Don't let emotions get in the way of your strategy.

Markets over the past week continued to recover from the previous week's sharp pullback. In our view, the backdrop of softer inflation and cooling but positive economic growth still points to a Fed that will likely begin cutting rates as soon as the September 18 FOMC meeting. More in our latest Weekly Market Wrap.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

There is no survivor benefit or death benefit with Old Age Security (OAS). Benefits are payable in the month in which the death occurs but must be cancelled upon death by contacting Service Canada. To learn more about OAS click here.

Top 10 questions we are asked about: Old Age Security (OAS) You asked – we answered! Here are the top 10 questions about Old Age Security (OAS)

Paying down debt can help mitigate money-related stress. It can also improve your cash flow and financial flexibility as you’ll allocate less money to interest, leaving you more for other goals. I can help you determine which debt you should pay off first.

Should I pay down debt or invest? The decision to pay down debt or invest is more about you as an individual than it is about the math. Your decision may depend on multiple factors

For any investors that were looking the 2024 gift horse in the mouth, last week showed some teeth. We don't think the recent pullback should be patently dismissed, but panic is not the proper reaction either. Our latest Weekly Market Wrap covers four key things to keep in mind.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

The typical summer lull was nowhere to be found in the markets last week. The final week of July was a whirlwind, filled with a flurry of earnings reports, three central bank meetings and key labour market data. We look through that noise at five key turning points that may define performance in the months and quarters ahead.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

In this week's update we review last week's market performance and take a look at what the week ahead could hold.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

As we kicked off 2024, one of our 10 key calls for the year was our view that while equity markets would continue to perform well, the market's underlying leadership would rotate, broadening out beyond 2023's Magnificent Seven concentration. We look at how this showed up within three key market matchups, and what it may mean for investors' portfolios.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Check out our midyear review and outlook for the back half of 2024 in our latest Weekly Market Wrap.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Sharing some great news for those looking to buy their first home! Enjoy tax benefits and long-term flexibility when you open a First Home Savings Account (FHSA) at Edward Jones. Open an account by December 31 to safeguard your 2023 contribution room. Click here to learn more.

First Home Savings Account (FHSA) Start saving for your first home by opening a First Home Savings Account with a financial advisor.

To successfully time the market, you need to know when to get out, and when to get back in, which is nearly impossible. Instead, be disciplined and remain focused on your long-term goals. I can review your goals with you and help you determine a strategy tailored to your needs.

The risk of chasing short-term rates An investment with a high rate of return sounds great, but there may be more than meets the eye.