Zouheir Sultani, F. Pl. - Financial Planner, RBC

03/29/2024

Welcome to all HSBC clients and team members as you join the RBC family, Canada’s largest bank and a global banking leader! 🏦🌟 Embrace the expanded world of financial possibilities with our comprehensive international services, multi-currency accounts, and a seamless global perspective on your finances. Together, let's build a future rich with opportunity and growth. Welcome to a borderless financial experience!🦁🌐

Now, let's roll up our sleeves and ensure a seamless transition for everyone.

Bienvenue à tous les clients et employés de HSBC qui rejoignent la famille RBC, la première banque du Canada et un acteur de premier plan sur la scène mondiale! 🏦🌟 Préparez-vous à un univers de possibilités financières avec nos services internationaux complets, des comptes en plusieurs devises et une vision intégrée de vos finances. Ensemble, construisons un avenir rempli d'opportunités et de croissance. Bienvenue à l’ère d’une expérience financière sans frontières!🦁🌐

Maintenant, retroussons nos manches pour rendre cette transition fluide pour tous.

HSBC Holdings said it completed the C$13.5 billion ($9.96 billion) sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on Thursday.

09/08/2023

The economy shrank in the second quarter, while unemployment has been rising for three consecutive months. Either previous hikes need more time to take effect, or they aren't high enough yet. Time will tell.

Get timely economic forecasts and analysis for Canada, the United States and key international economies.

06/08/2023

📢 Update on Canada's economy!

Highlights:

• Resilient economy, but headwinds from higher prices and economic conditions are
growing.
• Anticipate a 'mild' downturn despite positive growth surprises.
• Early signs of cracks: declining job openings, rising consumer delinquencies, and
tightening credit markets.
• Expect higher unemployment and lower GDP in H2 2023.
• Growth variations across provinces: slower in Ontario and B.C., firmer in the Prairie and Atlantic provinces.

Stay informed! 📰✨

The economic backdrop has proven more resilient than expected into 2023. GDP growth held on the good side of zero in the U.S. and Canada in Q1.

05/17/2023

📈📉 Where are we in the market cycle? 🔄 Share your thoughts on the current stage of market emotions. 🤔💼 If you're concerned about the economy and market volatility, I'm here to help! Let's discuss the economic outlook and how to adjust your portfolio to weather the storm. Do not hesitate to reach out to me for a consultation. 📊💪

02/07/2023

Au milieu de toute crise se trouve une grande opportunité.

« C'est comme si le recul qu'on a vu en 2022 était terminé, alors que le pire est encore devant nous. »

12/13/2022

Economists expect further tightening next year followed by an extended pause as policymakers assess the nation’s inflation trajectory and persistence. Market participants see the central bank cutting interest before the end of next year.

A key gauge of US consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

12/07/2022

The Bank of Canada raised interest by 50bps.

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

11/15/2022

It's not about lower inflation, it's about low inflation.

​Inflation has been heading lower in recent months, but Canadians likely haven't noticed as gas prices went up and grocery costs continued to soar last month.

11/09/2022

Meta is laying off 11,000 people, about 13% of its workforce. Sorry to all those of lost their jobs. Sometimes things have to get worse before they can get even worse.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

09/16/2022

"The S&P 500 is heading for its biggest annual loss since 2008, while Treasuries have suffered one of their worst beatings in decades."

09/15/2022

New data from Statistics Canada showed demand for mortgages remained high.

New data from Statistics Canada showed the average Canadian owed $1.82 for every dollar of disposable income.

09/08/2022

"The price for single-detached homes in Montreal fell the most (down 4.5% from July) so far this cycle—extending the decline to date to -9.5%. The cumulative decline in the median condo price is a lesser -6.1%. We think the market will continue weaken in the period ahead as higher interest challenge buyers. That said, demand-supply conditions are still balanced overall, which should keep prices from spiralling down."

The cooling trends that emerged this spring are still firmly in place across Canada’s housing markets. Early reports from local...