Last Month in the Markets – October 3rd – 31st, 2022: The beginning of the month was uneven for equity investors. After rising-and-falling, the major North American indexes, repeated their rise-and-fall again by mid-month.

Last Month in the Markets – September 1st – 30th, 2022: September is typically a bad month for North American equities with the S&P 500 typically losing 1% of their value. September 2022 was more than nine times worse, and the worst September in twenty years. 

Last Month in the Markets – July 1st – 29th, 2022: Inflation and central bank actions continued to dominate the news and heavily influence capital markets. Inflation is beginning to be tempered as economic growth slows directly and indirectly from interest rate increases from the Bank of Canada, the Federal Reserve in North America and from the European Central Bank. 

Last Month in the Markets – May 2nd – 31st, 2022: Despite significant volatility during May by the end of the month the major North American indices had settled almost where they had begun. The NASDAQ, more heavily weighted to technology, lost 2%, and the broad-based TSX and S&P 500, and the large corporates of the Dow, were flat for May.

Last Month in the Markets – April 1st – 29th, 2022: The month began on a positive note for North American equity indices, unfortunately, the high-water mark was reached on the first Monday of the month. 

Last Month in the Markets – February 1st – 28th, 2022: Prior to the invasion of Ukraine, North American equity markets had been doing relatively well despite less than favourable local news. The trend had been downward with the major indices losing value during the first three weeks of the month mirroring overall performance in 2022. 

With a new year comes new tax numbers! Below is a quick reference of important tax numbers for three years, including 2022. CRA has utilized a 1% indexing (inflation) for those numbers subject to that condition.

Last Year in the Markets – January 4th – December 31st, 2021: The last year, just like the past 22 months since March 2020, have been filled with investment uncertainty based on many major and minor factors. 

Tax Loss Selling is a Canada Revenue Agency sanctioned strategy to reduce capital gains taxes. Securities are sold that incur a capital loss, which is then used to offset taxable capital gains. Any losses must first be applied the current tax year, then unused losses can offset gains in the previous three years or carried forward indefinitely. Tax Loss Selling is applicable to only non-registered investments.