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  Why we have added to our gold holdings   Stock market outlook - introduction  Since this April, we have adopted a more defensive posture in our portfolios. This was partly to nail down some substantial profits made in the first four months of...

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If, as and when there is a North American recession, how bad could it be?   Stock market outlook - introduction  Our last Strategy Note dated May 15 endeavoured to interpret some macro conclusions arising out of our recent company interviews. We referred...

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  Jury still out on recession risk but Canadian economy holding up better than expected  Our last Strategy Note, dated April 30, explained our short term caution and why we had become more defensive in the near term in our portfolios. Without...

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  Reasons for our recent caution  Stock market outlook Making short term market forecasts is hazardous at the best of times – especially in this new age of extreme actions by central banks. In fact, as readers of these Strategy Notes will know,...

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Fourth Quarter 2018 Global equity markets finished 2018 having delivered their worst annual declines since the 2008 financial crisis. It was the worst December since the great depression. Volatility returned and investors, driven by uncertainty, remain pessimistic. Many will remember the past...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on November 13, 2018. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2017march13" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) [audio mp3="https://www.verusfinancial.ca/wp-content/uploads/2018/11/VoiceBroadcast_Nov_2018f.mp3"][/audio] ...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on May 28, 2018. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2017march13" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) [audio mp3="https://www.verusfinancial.ca/wp-content/uploads/2018/05/VoiceBroadcast_May2018.mp3"][/audio] ...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on April 05, 2018. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2017march13" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) [audio mp3="https://www.verusfinancial.ca/wp-content/uploads/2018/04/VoiceBroadcast_April_2018.mp3"][/audio]...

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Fourth Quarter 2017 From the Penthouse to the Doghouse Climate and weather disasters hit nearly every continent in 2017; flooding and monsoons in South Asia, hurricanes and major earthquakes in North America, landslides and drought in Africa, and a tsunami...

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  Third Quarter 2017   The Catch Up Trade Is Happening As discussed, in our second quarter Wealth Notes we suggested that the Canadian market would play catch up to the U.S. markets. That's exactly what happened in the third quarter of...

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  First Quarter 2017   A Good Start To 2017 The S&P/TSX Composite Index advanced 0.96% through the month of March on a price only basis. With 251 stocks in the Index at month end, 161 rose, while 90 declined. There were 3 constituents...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on March 13, 2017. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2017march13" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) [audio mp3="https://verusfinancial.ca/wp-content/uploads/2017/03/VoiceBroadcast_Mar2017_reduced.mp3"][/audio]...

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  Fourth Quarter 2016   A Strong Finish The Q4 2016 performance of the TSX was, as with the three previous quarters this year, stronger than that of the S&P 500. For the quarter, the TSX was up 3.8% versus the 3.3% increase for...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on January 10, 2017. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2017january10" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) https://verusfinancial.ca/video_broadcast_jan10_2017/...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on December 1, 2016. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2016december1" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) https://verusfinancial.ca/voicebroadcast_dec1_2016/...

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  Third Quarter 2016   Our overweight call on Canada is paying off The S&P/TSX Composite Index gained 0.88% through the month of September, lead by energy and materials. Of the 247 stocks in the index at month end, 140 stocks appreciated and 107...

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A rough 2016 for active managers Tim Shufelt, The Globe and Mail, August 5, 2016 It’s been a rotten year for active management in general, and Canadian stock pickers in particular, as last quarter’s returns suggest. Just 17 per cent of large-capitalization...

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  Second Quarter 2016   The second quarter began with the same positive tone that commenced mid-way through the first. Crude oil continued to rally, breaking through the psychological US$50/bbl level for a brief time. Strength in the energy and materials sectors fuelled...

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Our June 15 Strategy Notes discussed the possibility of a correction/consolidation of North American equity markets in the short term in the context of the upcoming UK referendum on Brexit. Just to quote from that Note, we asked: “What is...

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Aftermath of UK Referendum Shane Jones, Chief Investment Officer, Global Portfolio Advisory Group, Scotia Capital Inc., Friday, June 24, 2016 UK Referendum delivers surprise to global markets Overnight the UK population voted to leave the European Union which has surprised global markets as...

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Headed for Departure Lounge? Alan Clarke, Scotiabank, Fixed Income Strategy, Friday, June 24, 2016 Big Surprise For The Market The market spent most of the last week preparing for a remain outcome. The first exit poll suggested that this would be the case...

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Bubble Economy or Not? Credit Bubble Bulletin, April 9, 2016 "The US economy has made tremendous progress in recovering from the damage from the financial crisis. Slowly but surely the labor market is healing. For well over a year, we have averaged...

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CMHC warns about Vancouver Prices rising too fast even for city's strong economy, federal agency says By Tamsin McMahon, Report on Business, April 28, 2016 Canada’s federal housing agency is finally joining the chorus of housing market analysts raising red flags about...

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At Verus Financial we provide superior wealth management solutions with integrity, passion and a relentless commitment to goal attainment. We take great pride in providing exceptional service and we value the relationships we’ve developed with our clients. At the end of...

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  First Quarter 2016   A Wild Ride Congratulations, you have just survived one of the most volatile quarters in years. An indiscriminate sell-off to start the year wiped out trillions in global stock values before buyers rushed in and restored nearly all that...

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What a barrel of oil can buy Jameson Berkow, Reporter, BNN , January 19, 2016 J.C. Anderson, among Canada’s most celebrated oil and gas pioneers, passed away late last year. He was known for his unique and unfiltered sense of humour and...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on January 11, 2016. For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2016january11" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) http://veruswealthmanagement.com/wp-content/uploads/2016/01/Voice-Broadcast-Jan-11-2016.mp3...

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  Fourth Quarter 2015   The Perfect Storm Canadian stocks in 2015 turned in their poorest annual performance since the start of the financial crisis in 2008, leaving investors rattled and some market strategists convinced the worst is over. The country’s benchmark index,...

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Please click the play button to listen to the Market Insights Voice Broadcast from Ken Gordon on December 16, 2015.   For Internet Explorer [mp3_embed blog_plyrs="3" shuffle="yes" mp3highs="200" mp3wids="300" playlistfolder="2015december16" id="2" transparent="no" mp3_aligns="bottom"] For All Other Browsers (Safari, Chrome, Firefox) https://verusfinancial.ca/wp-content/uploads/2015/12/Voice-Broadcast-Dec-16-2015.mp3...

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  Third Quarter 2015   The third quarter was a frustrating period for many market participants. Investors have been stuck in a holding pattern waiting for an interest rate decision and the lack of policy direction has contributed to higher volatility. In mid-September,...

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Investment Strategy Notes from Nick Majendie, CA | Director, Wealth Management | ScotiaMcLeod Senior Portfolio Manager, with responsibililty for advising the Verus Dividend Growth, Verus Defensive Income and Verus High Income mandates Implications of the Chinese currency moves Stock Market Outlook...

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Shane Jones – Chief Investment Officer, Portfolio Advisory Group Andrew Mystic – Director, Fixed Income, Portfolio Advisory Group Market sentiment has assumed a decidedly risk-off tone in recent days prompting what we believe is a global equity market correction. Below...

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Equity markets entered into panic selling mode late last week. We saw declines of 530 points on the Dow Jones Industrial Average and nearly 65 points on the S&P 500 Index on Friday, August 21st. Equity futures were sharply lower...

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Investment Strategy: Although the recent turmoil rekindles memories of past crises, this is not a repeat of 2008-2009 • Equities: Exceptionally high market volatility has pushed many investors that were previously wary into outright panic mode. While we remain cautious and...

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  Second Quarter 2015   LOOK FOR 'DEFENSE' INSTEAD OF 'OFFENSE' The early-year weakness in some of the advanced economies is giving way to improving performances. Expectations are again building that global activity may finally achieve a higher growth trajectory. Nonetheless, the myriad of...

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  First Quarter 2015   NORTH AMERICAN FUNDAMENTAL COMMENTARY CANADA The first quarter of 2015 has revealed softer-than-expected economic data, with persistent commodity price weakness dragging on growth. GDP is likely to advance less than 2% this year, following 2½% growth in 2014. Employment grew...

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TFSA - Annual contribution limit is currently $10,000 per year. - Tax in respect of over-contributions is one percent per month on the highest excess contribution at any time during the month - Withdrawals in a year will be added to contribution...

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Canada Pension Plan (CPP) The CPP is a federal program that provides pensions to qualified contributors in retirement. Any benefits paid by the CPP are taxable both federally and provincially. CPP operates throughout Canada. Quebec has its own similar but not...

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Old Age Security (OAS) OAS is a federal government program that provides a basic amount of retirement income to all individuals who meet certain residency requirements. The amount of OAS that you receive is not dependent on your past employment or...

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The Globe and Mail, Report on Business, 7 Feb 2015 - by John Heinzel My daughter’s Registered Education Savings Plan has more funds than needed for her education. Do attribution rules apply to withdrawals beyond what is needed to fund...

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Propterty Tax Deferment The ministry is no longer accepting 2014 tax deferment applications on renewal forms. The new 2015 tax deferment application forms and guides will be available on May 19, 2015 on www.gov.bc.ca/propertytaxdeferment Annual Statement of Account and 2015 Renewal forms...

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  Fourth Quarter 2014   As 2015 gets underway, investors face a divided landscape; an improved U.S. economy and weakness just about everywhere else you look. But unlike the past year when U.S. markets were the place to be, many are concerned about the...

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The Worst is Over… Just Waiting for the Dust to Settle Energy Sector Update: The Worst is Over… Just Waiting for the Dust to Settle The dramatic decline in global oil prices caught most by surprise. The drop has been precipitated by...

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A Savings Plan for All Canadians for Their Future How the Tax-Free Savings Account Works - Starting in 2009, any individual (other than a trust) who is resident in Canada and 18 years of age or older accumulates annual contribution room of...

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Verus North American Dividend Mandate (VNAD) November 28, 2014 In light of the overwhelming volatility in the Energy sector, I wanted to communicate our thoughts on exposures in the Verus North American Dividend Mandate. The S&P/TSX Capped Energy Index has declined 30.2% since...

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  Third Quarter 2014   Global Growth — Still Out Of Synch And Out Of Sorts The global economy’s sixth year of expansion is off to an inauspicious start, with diverging economic performances still the rule rather than the exception. Global growth remains sub-par...

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  Second Quarter 2014   In the second quarter of 2014, we saw a continuation of the upward trend established by the markets over the past 12 months. Despite the economic slowdowns caused by one of the coldest winters on record, which extended...

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  First Quarter 2014   Spring thaw brings bounce back in economic data, but markets likely to move side-ways in near-term Back in February, we were perplexed at the parallel upward moves in equities, gold, and bonds. We suggested that the loss of momentum...

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  Third Quarter 2013   It's time to look outside the Canadian borders As we enter the last quarter of 2013 we thought we would summarize the performance in the global markets since the start of the year. As the markets surge ahead in...

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  Second Quarter 2013   After a challenging last month of the quarter we thought it would be a prudent idea to have our managers give us their comments on the market, what they think is going to happen over the balance of...

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As we settle in to October, we’re now three quarters through a very eventful 2012. I’m writing to provide perspective on what’s happened this year and to share my thoughts on how to position portfolios for the period ahead. This year...

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  Second Quarter 2012   Bill Murray’s Back with Groundhog Day 2 Today’s financial marketplace is starting to resemble 1993’s Blockbuster, Groundhog Day, where Bill Murray, an egocentric weatherman on a hated assignment finds himself repeating the same day over and over again. Investors...

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  First Quarter 2012   Neither Too Hot Nor Too Cold Global equities posted strong gains in the first quarter of 2012 and finally outperformed bonds. The S&P 500 had its biggest first quarter rally since 1998, closing up 12.59%. All three major U.S....

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  Fourth Quarter 2011   Canada’s benchmark stock index suffered its first yearly decline in three years in 2011, the 11.1% fall on the resource-heavy index reflecting months of political turmoil starting with the Arab Spring and ending with a fourth quarter that...

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  Fourth Quarter 2010   After lack lustre performance in the first two quarters of 2010, the S&P/TSX Composite Index surged ahead in the final two quarters with strong contributions from the Materials and Energy sectors. The S&P/TSX Composite finished the year up...

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  Third Quarter 2010   Equities surged ahead and the S&P/TSX Composite delivered a 10.3% total return in the third quarter. Nearly all sectors gained in value as conflicting data resulted in strength in both defensive and cyclical components of the Index. Defensive...

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  Second Quarter 2010   It is with great pleasure that I announce to you that Meghan Pitt will be signing on as Partner and Wealth Advisor with Verus Wealth Management commencing in the Fall. Meghan will continue to work directly with me...

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Verus Financial   Adding value since 1985 You've worked hard to get where you are and you need a strategic research and wealth management team that has your best interests in mind. With over 155 years of combined financial experience and a vast...

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  First Quarter 2010   Even after the Olympics, the world is still singing O’ Canada. The Canadian economy is in the sweet spot in today’s global economy and foreign investors cannot get enough of our currency, equities, commodities and even our government...

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