News

Top 10 Observations: Week of May 10th, 2024

By July 31, 2024 No Comments

Hello,

 

In a recent presentation, NBF’s Chief Economist, Stefane Marion, delivered an insightful overview of economic trends, comparing statistics between the US and Canada. Notably, he highlighted Canada’s responsible leadership in energy and the many issues with our population growth.

 

Celebrating achievements is crucial for national morale, as demonstrated by Stewart Muir’s introduction of John Ivison’s piece on the Trans Mountain project.  (attached) John also shared insights from his interview with Ian Anderson, emphasizing his instrumental role in overcoming project hurdles.

 

Heather Exner-Pirot’s analysis addresses Canada’s productivity challenges, attributing them to a lack of investment in natural resources. While opinions may vary, her perspective encourages moving beyond platitudes to explore high-value alternatives.

 

Manulife is finally getting the respect on Bay Street, and this has been my largest net buying financial position this past year. Their expansion and growth plans in Asia are paying off and nice to see it out of the penalty box.

 

Negative developments in the banking sector (TD Bank) and canceled carbon capture projects, as reported by G&M and Calgary Herald respectively, indicate broader economic challenges.

 

Prime Minister Modi was featured in a Daily Podcast and his country is becoming more dominant in so many ways and a lot due to his unique and sometimes controversial leadership.

Reflecting on Bobby Kennedy’s legacy of hope amidst adversity, his speech at the University of Cape Town serves as a reminder of the transformative power of optimism and activism.

 

This week we lost a treasure in the journalism space, and we included a piece on the wonderful and entertaining Rex Murphy. We also added his last commentary in the NP.

 

A tribute to Peter Chance, a veteran of the Battle of Atlantic, highlights the importance of honoring those who have contributed to our nation’s history.

 

Overall, these diverse perspectives shed light on various facets of our society, prompting reflection and action in pursuit of a brighter future.

 

Best regards,

David

Number 7- One Strongman, One Billion Voters, and the Future of India

https://podcasts.apple.com/ca/podcast/the-daily/id1200361736?i=1000655036779

India is in the midst of a national election and its prime minister, Narendra Modi, is running to extend his 10 years in power. Mr. Modi has become one of the most consequential leaders in India’s history, while also drawing criticism for anti-democratic practices and charges of religious persecution. Mujib Mashal, the South Asia bureau chief for The New York Times, discusses what we might see from Mr. Modi in a third term.

Number 8-Bobby Kennedy's 'Ripple of Hope' Speech-Jun 6, 1966

https://youtube.com/watch?v=BeqY2oMiwx8&si=lfjpSMlzoTgmfuQ8

Bobby Kennedy delivered a speech, known as a ‘Ripple of Hope’, to the University of Cape Town in South Africa amidst racial tensions. On arrival in Johannesburg, the South African government informed then Senator Bobby Kennedy, and his wife Ethel, that they would not be providing protection, but this did not dissuade them. Bobby Kennedy was a fierce advocate for civil rights and a humanitarian in the purest sense. He was known for referencing the quote, “Some men see things as they are, and ask why? I dream of things that never were, and ask why not?” Bobby Kennedy was the last kind of man who should be taken from this world.

We hope you found the Top Ten interesting this week, and are looking forward to another selection of articles, stories, and commentary next week. If you know of anyone else who would be interested in receiving our weekly note, please let me know.

 

Schneider Wealth Management is a trade name of Aligned Capital Partners Inc. (ACPI)* –  ACPI is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca). David Schneider is registered to advise in securities and/or mutual funds to clients residing in British Columbia, Alberta, Manitoba  and Ontario. This publication is for informational purposes only and shall not be construed to constitute any form of investment advice. The views expressed are those of the author(s) and may not necessarily be those of ACPI. Opinions expressed are as of the date of this publication and are subject to change without notice and information has been compiled from sources believed to be reliable. This publication has been prepared for general circulation and without regard to the individual financial circumstances and objectives of persons who receive it. You should not act or rely on the information without seeking the advice of the appropriate professional. 

 

Investment products are provided by ACPI and include, but are not limited to, mutual funds, stocks, and bonds. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Schneider Wealth Management. Any investment products and services referred to herein are only available to investors in certain jurisdictions where they may be legally offered and to certain investors who are qualified according to the laws of the applicable jurisdiction. The information contained does not constitute an offer or solicitation to buy or sell any product or service. Past performance is not indicative of future performance, future returns are not guaranteed, and a loss of principal may occur. Content may not be reproduced or copied by any means without the prior consent of the author and ACPI.