H&M Financial Blog

U.S. Impact on VPI Canadian Equity Pool

The more global the economy becomes, the more events far from home can affect the companies in the VPI Portfolios.  Here are two stories about how U.S. President Donald Trump – specifically with his newly-passed tax cuts and hard line stance on NAFTA negotiations – is having an impact on the VPI Canadian Equity Pool.

To read “Trump tax cuts are […]

Bank of Canada Keeps Benchmark interest rate steady at 1%

The Bank of Canada has decided to keep its benchmark lending rate steady at one percent, pausing after two small hikes earlier this year.

To read an update on the budget click here.

Bank of Canada eases up on rate-hike accelerator

The bank of Canada indicated it’s in no rush to cool an economy that is very close to running up against capacity constraints, citing a long list of worries ranging from gains in the Canadian dollar to risks associated with growing protectionism in the US.

To read the entire article click here.

Liberals to target ‘most wealthy’ with updated tax proposal

Finance Minister Bill Morneau is adjusting his tax proposals on passive income so only three percent of the “most wealthy” privately owned corporations will have to pay higher taxes.

To read an update on the budget click here.

Liberals trimming small business tax rate to stanch political bleeding

Prime Minister Trudeau also says the government won’t be changing the lifetime capital gains rule.

The Trudeau government took the first of several steps Monday to stanch the bleeding from a self-inflicted political wound, resurrecting a campaign promise to cut taxes for small businesses outraged by it’s controversial tax-reform proposals.

To read the entire story click here.