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Market and Economy Expectations for 2021

The investment professionals here at Watermark Stone Wealth recently attended the 15th annual iA Private Wealth Year Ahead Investment Conference held on January 18, 2021. The virtual event brought top investment minds together to provide market and economy expectations for 2021.

Differing viewpoints of more than 15 industry experts were shared, including:

  • Clément Gignac, First VP, Diversified Funds & Chief Economist at iA Investment Management Inc.
  • Philip Petursson, CIS & Head of Capital Markets Research at Manulife Investment Management

Here are some highlights and key takeaways from two experts at the event.

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Watermark Stone WealthMarket and Economy Expectations for 2021
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Better times may lie ahead for 2021

The turning of a new year is synonymous with optimism and hope. After a difficult year, it may feel as though optimism is in short supply. Yet, here are some reasons why better times may lie ahead for 2021.

Economic Rebound

While the cooler months have brought a resurgence of the virus and new shutdowns, we shouldn’t overlook the potential for an economic rebound in 2021. After the spring shutdowns, Canada’s economy performed better than expected as things reopened. Employment rebounded faster than anticipated, as did consumer spending. This was in part due to significant stimulus measures. Canada’s stimulus deficit is likely to be the largest globally in 2020, yet with interest rates at near-zero levels the cost of carrying this debt remains historically low.1

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Watermark Stone WealthBetter times may lie ahead for 2021
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How will your “new normal” look?

How will your “new normal” look? What will you change post-pandemic? Why not put numbers to those dreams with a well crafted financial plan?

News headlines have become a louder part of our days in 2020. The news of the day has always been a dull roar in the background of our lives, but this year those headlines have been harder to ignore and have touched our daily lives deeply. What would your personal 2020 headlines have been?

Pandemic Decision Making

2020 has been tough. If there’s a silver lining in all of this, it’s the opportunity it has presented to take a step back and think. I recently read a CBC Life article entitled “The psychology behind pandemic decision making”. In it the author speaks about how fear affects our decision making. The extra fear of dying or getting sick that the pandemic has brought makes us reflect and think about where we are today and whether we’re happy.

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Watermark Stone WealthHow will your “new normal” look?
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Protect Yourself with 8 Cybersecurity Tips

We have compiled 8 cybersecurity tips to help you better protect your personal financial information from fraud and identity theft.1

A September 2, 2020 article penned by Equifax Canada states that “The Canadian Anti-Fraud Centre (CAFC), the central agency tracking all types of fraud, estimates the cost of mass marketing fraud (i.e. fraud by phone, the Internet, mass mailings, television, radio, and personal contact) to be approaching $130 million reported by consumers annually, which represents approximately a 30% increase from 2017.”

1) Keep your personal and financial information private

We all know this, but sometimes we slip up. We’re in a hurry and forget to protect our interac or credit card password at the checkout, or we’re out with friends and accidentally let slip an often-used password within earshot of others. We’re human. But keeping your information safe is key. A quick task you can do right now is to only keep the ID you need on your person, leave your

  • social Insurance number card;
  • birth certificate;
  • and some of your 5 credit cards at home.

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Watermark Stone WealthProtect Yourself with 8 Cybersecurity Tips
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Webcasts to help navigate COVID-19

We would like to share 3 webcasts to help you navigate COVID-19. Experts share tips on optimizing resiliency, maintaining health and wellness, and proven parenting strategies. Our parent company, iA Wealth, gathered some experts to create webcasts just for you. We hope they help your daily life during the pandemic become a bit smoother. Stay safe and be well.

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Watermark Stone WealthWebcasts to help navigate COVID-19
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Tough financial choices?

When life puts a pinch on your finances it’s hard to decide what to do. If you and your family are faced with tough financial choices turn to your advisor for help navigating your wealth worries.

Temporarily laid off

Many people have found themselves temporarily out of work lately. While different levels of government have stepped in to help, you may need your advisor’s assistance to decide how best to access money on a short-term basis. Perhaps you have an insurance policy with cash you can access in such a time. Or maybe you’ll have to dip into your investment accounts. But which one? Your advisor can look at the tax consequences of each option and decide what is best for your situation. If it comes to selling investments, your investment team can also give you tips on what might be best to sell during a period of market volatility.

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Watermark Stone WealthTough financial choices?
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COVID-19 and Your Investments

You cannot turn on the media without hearing news of the Coronavirus. World markets have seen quite a bit of movement as fears of the virus spread. While we can’t specifically say when this volatility will end, we can tell you that the Watermark team excels at navigating clients through market turbulence. So, we’ve compiled 5 tips to help you steer through COVID-19 and your investments.

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Watermark Stone WealthCOVID-19 and Your Investments
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Watermark Stone Wealth is here for you

Watermark Stone Wealth is still here during these difficult times…

As we enter a new week of unknowns, we want you to know that the priority of your Watermark Stone Wealth team remains the same – committed to you as our valued client.

We are here to help and want to keep you informed of our plans to do just that.

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Watermark Stone WealthWatermark Stone Wealth is here for you
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Financial Well-Being of Canadians

Ever wondered how your finances rank against other Canadians? The Canadian Payroll Association (CPA) recently published an 11-year study on the financial well-being of Canadians.

As I’m reading the study, all I can think about is David Chilton’s book, The Wealthy Barber. What a great title for a book, eh? That simple title lets you know what this study is basically telling us, it’s not how much you earn, but how much you save.

The study shows that the financial well-being of Canadians has room for improvement. It provides insights into how much (or little) Canadians save. I know we’re financial nerds here at Watermark Stone Wealth, so perhaps our interests are a bit skewed, but the findings were really interesting! For instance, we’ve all done it. Heard the salary of a friend or neighbour, and thought:

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Watermark Stone WealthFinancial Well-Being of Canadians
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