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Market Observations

2009 Federal Budget Highlights

Focus 2010

2009 Outlook

Finding Direction in Uncharted Territory

Tax-Free Savings Account Quick Facts

Intro to Convertible Debentures
Please click for an Introduction to Convertible Debentures -- a client friendly article which describes the features, definitions, characteristics, advantages and risks of Canadian convertible debentures.

 

MARKET VOLATILITY


BEAR MARKET STATISTICS
 

  • Several clients have asked recently for some historical perspective on this current bear market.  Attached is a table from Scotia Capital with data for both the Canadian and U.S. markets looking back through several cycles.
     
  • The good news is that the data demonstrates that rebounds always occur and that returns from trough levels are substantial.
     
  • We would caution however that although we are close to average decline levels in both Canada and the U.S., the current situation should not be considered "average" by any measure.  It is worse this time.
     
  • Bear markets trough during recessions, they don’t wait until the end of the recession has been identified.  Having said that, consensus opinion is only now acknowledging that the U.S. is falling into a recession and that the rest of the global economy is heading in the same direction.  The credit crisis is significantly worse than most peoples' worst fears and the U.S. financial system is in terrible shape.
     
  • As we have stated previously, stability in the U.S. housing market, or some anticipation thereof, is a vital pre-condition for any sustainable upward move in equity markets. Recent market volatility will likely be the norm for some time to come.

    Please click here to see more:


    Please click on the attached pieces to help put this current crisis in proper perspective:

    TSX Bear-Bull Markets 2008
    Time Magazine Covers


FLOW THROUGH SHARES

Flow Through Shares - Canada's
Little Known Tax Deduction

Tax Savings Calculator

Flow Through Limited Partnerships -
A Tax Planning Guide

 
 

CHARITABLE GIVING

Donating Securities to Charity
 
Overview of Charitable Gift Planning
 
Overview of Private Foundations (42 pages)
 
Charitable Remainder Trusts
 
Scotiabank Group Charitable Giving Program

MacKenzie Charitable Giving Fund Overview
 
Mackenzie Charitable Giving Fund Investor
Benefits

 
MacKenzie Charitable Giving Fund Program
Details
 
 

Summer 2009

Newsletters:
 
The Ritcey Team is pleased to provide you with three newsletters. These will be updated quarterly, so please check back for the fall additions.

ScotiaMcLeod Insights
Provides general market updates.
 
Quarterly Pinnacle Review -
Provides our Pinnacle Clients with timely
updates.
 
Quarterly Summit Review -
Provides our Summit Clients with timely
updates.

 

 

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