Peter Yeh

Peter Yeh BC省註冊壽險及貸款經紀

人壽險、重大疾病險、長期看護、殘疾險、醫療險，諮詢及規劃

房屋貸款 (一貸、二貸、自雇、新移民、投資)

TFSA, RRSP, RESP, 年金Annuity, 保本基金 投資計畫

I moved to Greater Vancouver in 2001 and graduated from SFU Business in 2009. I have more than 7 years of experiences in financial services such as banking, investment, and insurance. I am an independent financial advisor representing major Canadian insurers including Manulife, Sun Life, Canada Life, IA, Desjardins, Equitable Life, RBC Life, Assumption Life, and Tugo Insurance. In financial planni

ng, there’s no such thing as “one size sits all”. Always keep your interests in mind, I will evaluate your situation and set out action plans to help you reach your goals. Services I provide:

- Investment strategies (Segregated funds, GICs, Annuities, TFSA, RRSP, RESP, Asset creation plan)

- Insurance Solutions (Life insurance, Disability insurance, Critical illness insurance, Long term care insurance, Extended health & dental insurance, travel insurance)

- Group insurance consultation (extended health & dental, group pension or RRSP plan, group life and disability insurance)

08/22/2022

- Canada’s inflation rate eases
1. Canada’s headline inflation rate eased in July, but the core inflation rate ticked higher, suggesting the Bank of Canada may stay on an aggressive rate hike path at upcoming meetings.
2. Canada’s year-over-year inflation rate was 7.6% in July, matching economists’ expectations. The rate was slower than June’s 8.1% increase.
3. The relatively tamer inflation rate came amid a slowdown in gasoline prices, which rose 35.6% year-over-year compared to the 54.6% increase in June.
4. Based on the average of core measures, Canada’s core inflation rate, which excludes volatile energy and food prices, ticked higher to 5.3% in July.

- Retail sales advance but outlook negative
1. Retail sales in Canada exceeded expectations in June, but the outlook for July might not be as positive.
2. Retail sales in Canada rose by 1.1% in June, higher than the 0.4% increase economists expected. It was the sixth consecutive month of rising retail sales.
3. Higher sales at gasoline stations and for motor vehicles and parts more than offset a decline in sales at electronics and appliances stores.
4. Statistics Canada estimated July’s retail sales fell by 2.0%, as elevated inflation and higher rates may have weighed on Canadian consumers.

- Lower gas prices redirect spending
1. After increasing by 0.8% in June, retail sales in the U.S. did not change in July (0.0%), largely in response to lower sales at gasoline stations as prices declined.
2. Sales at electronics, appliance and miscellaneous stores advanced over the month, as the savings at the pump were directed to spending elsewhere.
3. Conversely, sales at clothing, accessories and department stores shrank during the month.

- Weakening conditions prompt rate reduction
1. China’s July retail sales rose by 2.7% over the same month in the previous year, slowing from the 3.1% increase in June.
2. Domestic demand was not the only key economic indicator to lag in July, as industrial production in China slowed from an annual pace of 3.9% to 3.8%.
3. The slowdown in these two key metrics points to an overall decline in China’s economy, which has been hindered by ongoing supply chain disruptions and lockdown restrictions.
4. To help support its economy and try to boost growth, the People’s Bank of China reduced its one-year medium-term lending facilities interest rate by 10 basis points to 2.75%.

08/22/2022

- 市場小結與展望
上周美股小幅回調。截止週五收盤，美股標普、納指周內分別下跌近1.2%和2.6%。期待本週市場表現。

- 重點回顧
1.美7月現房銷售數據環比下跌5.9%（相比6月），同比下跌20.2%（相比2021年7月）；
2. 受下降的油價影響， 美7月零售數據最終無變化（0.0%）；
3. 上週市場恐慌指數（VIX）在19~21間波動，市場情緒較為穩定；
4. 上週加拿大公佈了7月份的年化通脹率為7.6%（6月為8.1%），儘管較6月有所下降，但仍處於歷史高位，市場普遍預期9月加拿大央行將繼續升息0.75%；
5. 加拿大6月零售數據較5月增長1.1%，為連續第6個月的增長，好於經濟學者的普遍預期。同時，加拿大統計局預計7月零售額將下降2%；
6. 歐元區上月通脹率達8.9%，為歐元1999年發行以來的最高點；英國上月通脹率為10.1%，創1982年以來的最高點；
7. 中國7月零售數據較上年同期增長2.7%（6月較上年同期增長3.1%）；
8. 國際油價本周先跌後漲，上週五原油價在$89上下徘徊；
9. 本周美元匯率普遍上漲：1美元=1.30加拿大元；1美元=1.00歐元；1美元=6.82人民幣；1美元=137.20日元

- 本週關注
1. 週四美公佈第二季度GDP修正值
2. 週五美聯儲主席鮑威爾講話

08/08/2022

- 市場小結與展望
上周美股繼續走高，截止週五收盤，美股標普、納指周內上漲約0.36%和2.15%。期待本週市場表現。

- 重點回顧
1. 儘管GDP連續2個季度負增長，美國上週五公佈的就業數據再次大幅超出預期，7月新增就業崗位高達528,000，失業率更是低至3.5%；
2. 優秀的就業數據促使美10年期國債收益率反彈，截止週五攀升至2.84%；
3. 伴隨著持續升息，加拿大房市繼續降溫，成交額同比2021年7月下降達47%（溫哥華地區同比下降43.3%）；
4. 加拿大上週五公佈的就業數字低於預期，7月就業減少3.06萬個崗位 ；
5. 英國央行預計10月份其通脹率將達到13%，於上週一次性升息0.5%，創1997年以來的最高單次漲幅；
6. 國際油價週內下跌近10%，跌破$90，上週五原油價在$88（美元）附近徘徊；
7. 本周美元匯率小幅波動：1美元=1.29加拿大元；1美元=6.76人民幣；1美元=135.13日元

- 本週關注
下週三美公佈CPI數據

07/13/2022

美國6月消費者價格指數CPI同比上漲9.1%，創1981年11月以來最大增幅，超出市場預期增幅8.8%，前值為8.6%。扣除波動性較大的食品與能源價格不計，美國6月核心CPI同比增長5.9%，預期5.7%，前值6%。

07/11/2022

市場小結與展望

- 上周美股穩定上漲，截止週五收盤，美股標普、納指周內上漲近2%和4.6%。期待本週市場表現。

重點回顧
1. 美6月就業數據良好，新增37.2萬工作崗位超出經濟學家預期，同時，失業率也保持在3.6%的低位；
2. 加拿大地產市場持續降溫，6月主要城市的房地產成交環比普降（溫哥華下跌10%，多倫多下跌5%）；
3. 加拿大6月就業減少43000個崗位，為今年1月來的首次下降，同時，失業率仍維持4.9%的低位；
4. 普遍預期加拿大央行將在下週再次升息0.75%以對抗持續高漲的通脹；
5. 歐洲中央銀行（ECB）會議顯示主要成員國都支持7月升息25個基點，9月升息50個基點以對抗高通脹；
6. 國際油價在上週二一度跌破$100美元大關，最終週五收低至$104；
7. 本周美元繼續走強，匯率均持續上升：1美元=1.30加拿大元；1美元=6.71人民幣；1美元=136.91日元

本週關注
1. 週三美公佈6月通貨膨脹（CPI）數據（5月為8.6%，創1981年來最高點）；
2. 週三加拿大央行公佈最新利率決議

Your Weekly Commentary – For the week ended June 17Global equity markets fell over the week ended June 17 amid investor ...
06/20/2022

Your Weekly Commentary – For the week ended June 17

Global equity markets fell over the week ended June 17 amid investor concerns about the U.S. Federal Reserve Board’s (Fed) interest-rate increases and suggestions that more needed to be done to manage inflation. In the eurozone, strong broad-based price increases pressured the European Central Bank (ECB) to consider more aggressive interest rate hikes. Earlier in the week, the ECB held an emergency meeting to discuss market conditions. In Canada, the S&P/TSX Composite Index finished lower, dragged down by the Energy sector. In the U.S., the S&P 500 Index declined to its lowest level since 2020. Oil prices declined, as did the price of gold. The yields on U.S. 10-year government bonds advanced over the week.

- Up by 75
1. The Fed raised interest rates by 75 basis points (bps) on Wednesday and signaled rates would likely go higher to curtail inflation.
2. The federal funds rate now sits between 1.5-1.75%
3. Federal Reserve Chairman Jerome Powell said the current rate was “well below neutral” and could reach 2-3% by the end of summer.
4. The hike is the Fed’s largest since 1994, but some economists doubt whether it is enough to curb inflation.

- BoE: inflation to exceed 11%
1. The Bank of England (BoE) increased interest rates to 1.25% from 1% on Thursday and warned inflation could breach 11% by the fall.
2. In October, a rise in a domestic energy price cap will likely contribute to inflationary pressure.
3. Global central banks face a balancing act to curb inflation without stalling economic growth.
4. The rate hike comes despite the BoE’s forecast for U.K.’s gross domestic product (GDP) to fall 0.3% in the second quarter of 2022.

- Canadian housing market cools
1. The benchmark home price in Canada fell 0.8% to $822,900 in May compared to April, according to the Canadian Real Estate Association.
2. Sales dipped 8.6% in May from the previous month, returning to pre-pandemic levels.
3. May is usually a strong month for home sales; however, rising interest rates reduce purchasing power and make mortgages less affordable.
4. The Bank of Canada raised its key policy rate to 1.5% from 0.25% in March and warned that home buyers who purchased during the pandemic could be vulnerable to the rising rates.

- Eurozone inflation rises in all categories
1. Eurostat reported that annual inflation in the eurozone was 8.1% in May, compared to 7.4% the previous month.
2. Inflation rose in all categories in May, with annual energy price increases of 39.1% contributing significantly to the upward pressure.
3. The ECB indicated it would raise borrowing costs in July by 25 bps to bring inflation back to its 2% target.
4. The broad-based price increases support the case for the ECB to raise rates more quickly.

06/20/2022

投資市場一周回顧與展望（截止6月17日）

市場小結與展望
上周美股延續下跌趨勢，伴隨週三美聯儲一次性升息0.75%的決議，截止週五收盤，美股標普、納指周內跌幅約6%和5%。期待本週市場表現。

重點回顧
1. 上週三美聯儲利率決議一次性加息0.75%，將聯邦基金基準利率提升至1.5%~1.75%的區間，並強調“將通脹率降低到2%的強烈決心”！ ；
2. 美聯儲提出新的通脹預期數字：2022年末 5.2%，2023年末 2.6%，2024年末2.2%；
美聯儲提出聯邦基金利率預期： 2022年末 3.4%，2023年末 3.8%，2024年末3.4%（即2022年內很可能繼續升息1.9%或更多）；
3. 加拿大現有房屋銷售成交量5月環比繼續下跌（8.6%），其中BC省下跌16.3%；
4. 歐元區5月年化通脹率達8.1%（4月為7.4%）；
5. 英國公佈最新年化通脹率高達9% ；
6. 國際油價回撤至$110每桶；
7. 中國A股市場上證指數重回3300點。

本週關注
1. 週三加拿大公佈5月年化通脹率（4月為6.8%）；
2. 週三美聯儲主席鮑威爾講話；
3. 週五密歇根大學消費者信心指數終值

Your Weekly Commentary – For the week ended June 10Global equity markets fell over the week ended June 10 as concerns ab...
06/13/2022

Your Weekly Commentary – For the week ended June 10

Global equity markets fell over the week ended June 10 as concerns about a period of stagflation heightened. The European Central Bank (“ECB”) indicated it would likely raise rates at its July meeting. A higher-than-expected inflation reading in the U.S. raised expectations that the U.S. Federal Reserve Board (“Fed”) will remain aggressive in the coming months. In Canada, the S&P/TSX Composite Index finished lower, dragged down by the Health Care sector. The S&P 500 Index declined in the U.S., posting negative returns all 11 sectors. Oil prices ticked higher, as did the price of gold. The yields on 10-year government bonds in Canada and the U.S. advanced over the week.

Slower growth ahead
1. In its most recent Global Economic Prospects Report, the World Bank warned the global economy could fall into a period of stagflation, similar to that which occurred in the 1970s.
2. The World Bank expects the global economy to expand by 2.9% this year, compared to its projection of 4.1% in January and 3.2% in April.
3. The financial cooperative believes a recession is likely and potentially unavoidable for some countries, as rising prices, supply chain disruptions and geopolitical tensions all weigh on growth.
4. The World Bank expects developed economies to grow by 2.6% this year, while emerging markets economies may fall by 3.4% in 2022.

European rate hike on the way
1. The ECB held its June meeting last week and decided to hold its key interest rate steady at 0.00%.
2. Europe’s central bank noted its asset purchase program would end by July 1, at which point the ECB will raise its policy interest rate by 25 basis points (“bps”).
3. The central bank expects inflation to remain elevated, which will likely warrant another rate hike in September and potentially subsequent and faster increases, depending on the path of inflation.
4. The ECB raised its outlook for inflation over the next three years, while reducing its expectations for growth in 2022 and 2023.

Canadian labour market improvements continue
1. The Canadian economy added 39,800 jobs in May, ahead of the 27,500 job additions expected by economists. The increase marked the fourth consecutive month of job additions.
2. Most of the added jobs were full-time, while part-time jobs dropped during the month.
3. The participation rate held steady at 65.3% in May. Canada’s unemployment rate dropped to 5.1% from 5.2% in the previous month, which was its lowest rate since comparable records began in 1976.

U.S. inflation comes in hotter than expected
1. U.S. consumer prices continued to climb higher in May, with the U.S. inflation rate at 8.6% year-over-year.
2. The higher inflation rate exceeded the expected 8.3% rate, suggesting that inflation may not yet have peaked.
3. Another sharp rise in energy and food prices contributed to the increase.
4. Rampant inflation raised expectations that the Fed might need to remain aggressive, delaying a return to 25 bps rate increases.

06/13/2022

投資市場一周回顧與展望

市場小結與展望
上週五美國公佈的5月份通脹率為8.6%，打破之前兩個月的下降趨勢，市場反應劇烈，截止週五收盤，美股標普、納指周內跌幅約6%和7%。期待本週市場表現

重點回顧
1. 上週五美國公佈的5月份年化通脹率為8.6%，打破之前兩個月的下降趨勢 （3月8.5%，4月8.3%），引發市場大幅下跌 ；
2. 受通脹率超預期結果的影響，美國10年期國債收益率衝高突破3.16%；
3. 密歇根大學公佈的消費者信心指數下降至50.2，為1970年代以來的最低點；
4. 加拿大5月就業數字總體好於預期，但製造業板塊就業縮水；
5. 澳大利亞央行升息50個基點 ；
6. 歐洲中央銀行宣布將在9月份到來前終止其基準利率的負利率，並有可能提高至正利率以抗擊通脹；
7. 國際油價繼續在$118每桶的高位波動；
8. 上周中國A股市場各大指數普漲近3%。

本週關注
1. 週二美國公佈生產者物價指數（PPI）月率；
2. 週三美聯儲6月貨幣政策會議利率決議及經濟預測

A projection by IAG.
09/19/2020

A projection by IAG.

04/06/2020

Below content is strictly for TD clients

To support customers who may have income temporarily impacted by COVID-19, TD will honour approved conventional and insured mortgage applications (both purchase and refinance) if the following criteria are met:

For Purchase:

- The mortgage application was approved as of March 25, 2020

- The borrower has entered into a legally binding Purchase and Sale Agreement and waived financial conditions as of March 25, 2020

- The closing date (for purchase) is on or before September 30, 2020.

For Refinance:

- The mortgage application was approved as of March 25, 2020

Additional Information:

- These criteria apply to both conventional and insured mortgages.

- If a mortgage application meets the criteria above, the income used to qualify will be used. A resubmission is not required, unless a material change has been made to the application.

- Income confirmation requirements still apply, based on income prior to disruption.

- If the criteria above are not met, adjudicate the file based on current income, until further advised.

04/06/2020

Canada Emergency Wage Subsidy

The newly announced Canada Emergency Wage Subsidy – a 75% wage subsidy to eligible employers for up to 12 weeks – will help Canadian employers keep their workforce intact and healthy during the pandemic.

A group benefits plan is critical to supporting employee health during this unprecedented time. The Canada Emergency Wage Subsidy can help ensure employers have the financial ability to continue coverage for their employees.

What you need to know about the program:

 The program subsidizes up to $58,700 of earnings at a rate of 75% to help employers meet payroll and benefits obligations;

 The start date of the program is retroactive to March 15, 2020 and will run to June 6, 2020;

 The subsidy will be available to employers of all sizes that are not public sector entities;

 To qualify, employers will have to demonstrate that their gross revenues went down by 30% in March, April or May 2020 compared to the same month last year;

 Employers will have to attest that they have done everything in their power to cover the remaining 25 per cent of their employees’ salaries – but the government recognizes that not all employers will be able to do so;

 Employers will be able to apply to the program through a Canada Revenue Agency (CRA) portal that will be up as soon as possible, and funds should start to flow to them within the next six weeks;

 Organizations that do not qualify for the Canada Emergency Wage Subsidy may continue to qualify for the previously announced 10% wage subsidy For more details about the program please see the Government of Canada’s official news release and Backgrounder.

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2000-8171 Ackroyd Road
Richmond, BC
V6X3K1

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+17788235678

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