Andrew Czernik, CIBC Wood Gundy Investment Advisor

06/11/2024

Proposed changes to capital gains take effect this month. Are you ready?

02/06/2024

Today's Morning Market Brief is now available. Read more about today's headlines.

US labour market shows little sign of slowing Last Friday, the US Bureau of Labor Statistics released data on the US labour market for the month of January. The data showed the labour market remains relatively robust, raising expectations the US Federal Reserve Board (Fed) could hold off lowering in

01/06/2023

With the start of 2023, Canadians now have another $6,500.00 in TFSA contribution room available to them. Contributions can be made any time, and are cumulative. If you were 18 in 2009 and have never opened a TFSA, your lifetime limit is $88,000.00!

This year’s massive hike in interest rates has finally made the “savings” part of the tax-free savings account worthwhile.

12/05/2022

As the end of the year approaches, it's a good time to take a look at any tax-loss selling opportunities in your portfolio. This year, the last day to transact for 2022 tax purposes is December 28.

In tax-loss selling, beware the superficial loss rule along with currency implications, writes Jamie Golombek. Find out more.

10/07/2022

Yesterday I completed my leg of this year's Le Grand Portage. Together with a few friends, we portaged a canoe along the TransCanada Trail, ending in the heart of Stittsville. We were just one out of fifty (!) teams, each taking a 13 KM segment, helping get the canoe from Toronto to Montreal. It was a great day and a wonderful event to be a part of.

If you're in downtown Ottawa today, the driving forces behind Le Grand Portage, Felix and Meg and their family, will be portaging their canoe past Parliament and up to Major Hill Park. Come check it out! If you'd like to learn more about, or support, Le Grand , you can find more information here:

02/07/2022

What's in store for the Canadian and U.S. dollar in 2022? CIBC Asset Management’s Luc de la Durantaye remains optimistic about the performance of the Canadian Dollar in the early part of this year, but does not expect as much upside for the U.S. dollar.

02/04/2022

Millennials are banking on the Great Wealth Transfer. The Silent Generation and the Baby Boomers, upon their death, will transfer an estimated $30 to $68 trillion to adult children.

Millennials are banking on the Great Wealth Transfer when they will inherit trillions of dollars from the Silent and Baby Boomer generations – transforming today’s adult children into alpha consumers and next-gen clients of financial advisors, banks, and more. Here is why not to cash that check ...

02/03/2022

The pandemic has created a lot of uncertainty - especially in the markets. With inflation, housing and commodities on the rise, how can we make sense of this new market outlook?

From beef to gas, the price of everything is on the rise. Understanding what's happening may not fix the problem, but knowledge may help you cope.

01/31/2022

2021 was another very good year for global investors. As CIBC Asset Management's Luc De la Durantaye explains, global real GDP growth hit a record level in the Q2 2021, with estimates exceeding an extremely strong 12%. Read more: https://www.cibcassetmanagement.com/email/assets/documents/pdfs/CAM_Perspectives_En.pdf?refresh=012022

• Will global growth stay strong?• How could central banks pursue some form of policy renormalization?• How could equity returns compare to the past two year...

01/24/2022

Low interest rates and strong demand continue to drive Canada’s hot housing market. A slowdown is expected, but robust fundamentals are likely to remain. Could rising rates derail real estate in 2022?

Low interest rates and strong demand continue to drive Canada’s hot housing market. A slowdown is expected, but robust fundamentals are likely to remain. Cou...

01/21/2022

This article is for all those that have never planned an event, but now have to put together the wedding of the season. Industry experts offer advice on what aspects of a wedding to spend on and which to save on.

This one goes out to all you lovebirds who got engaged over the holidays and are now left planning a wedding with zero event-planning experience.